CACI Grabs $917M Air Force Contract to Advance C5ISR Program
CACI International CACI recently secured a contract from the U.S. Air Force’s Research Laboratory (“AFRL”). Per the contract, CACI will continue to provide software and systems to advance and modernize AFRL’s command, control, communications, computers, cyber, intelligence, surveillance and reconnaissance (C5ISR) programs.
The contract will run over the next five years and has a maximum ceiling value of $917 million. Under the terms of the deal, CACI will implement agile and adaptable processes to develop mission software and data analysis capabilities to advance and modernize AFRL’s C5ISR programs.
CACI has been winning a record number of deals for a while, reflecting its disciplined business development actions, consistent operational excellence and high customer satisfaction. The reliability provided by CACI’s services makes it a preferred choice among contractors.
CACI International, Inc. Price and Consensus
CACI International, Inc. price-consensus-chart | CACI International, Inc. Quote
In August 2023, CACI won a five-year contract worth $125 million to provide C5ISR support to the U.S. Naval Air Warfare Center Aircraft Division. In the same month, the company grabbed a $2.7 billion contract from the National Security Agency to provide intelligence analysis.
In fiscal 2023, CACI secured several notable deals, including a $5.71 billion blanket purchase agreement from the U.S. Air Force to provide enterprise IT services under the Enterprise Information Technology as a Service Wave 1 contract. The company also secured a single-award contract from the U.S. Navy in the last fiscal. The indefinite delivery/indefinite quantity contract, which is called Spectral, will run over the next seven years and is worth up to $1.2 billion.
These back-to-back wins are the key catalysts for the company, which boasts a large pipeline of new projects and wins deals at regular intervals. In the fourth quarter of fiscal 2023, this Zacks Rank #3 (Hold) company won contracts worth $2.3 billion and ended the fiscal with a total backlog of $25.8 billion.
Stocks to Consider
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