CACI International (CACI) to Support Army's C5ISR Program
CACI International CACI recently secured a contract from the U.S. Army. Per the contract, CACI will provide software and systems to support the U.S. Army Combat Capabilities Development Command in modernizing the army’s command, control, communications, computers, cyber, intelligence, surveillance and reconnaissance (C5ISR) program.
The contract will run over the next five years and has a maximum ceiling value of $420 million. Per the terms of the deal, CACI will provide engineering support to counter growing multi and cross-domain threats and protect U.S. forces from commercial threats in the aerial, ground, subterranean, sea and undersea domains.
The company has been benefiting from new business wins from the U.S. Army, NASA, National Geospatial-Intelligence Agency (“NGA”) and DARPA. In late October 2023, CACI secured the exclusive contract for a four-year period to provide ongoing assistance to NASA's Johnson Space Center through an indefinite delivery-indefinite quantity agreement. This agreement has a maximum value of $150 million and is set to support NASA's spaceflight systems, simulation and software needs.
CACI International, Inc. Price and Consensus
CACI International, Inc. price-consensus-chart | CACI International, Inc. Quote
Earlier to that (in the same month), it secured a contract from the U.S. Air Force Research Laboratory (“AFRL”). The contract will run over the next five years and has a maximum ceiling value of $917 million. Per 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.
The company has recently implemented the U.S. Army Integrated Personnel and Pay System, including more than 1 million U.S. soldiers, with 800,000 logins and a daily user base of 100,000.
Additionally, CACI's longstanding partner, NGA, has started using its Sapphire imagery analytics platform and another AI-powered solution named Feature Trace. Furthermore, the company deployed 16 Optical Communications Terminals above DARPA Blackjack Satellites.
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 first quarter of fiscal 2024, this currently Zacks Rank #3 (Hold) company won contracts worth $3.1 billion and ended the quarter with a total backlog of $26.7 billion.
CACI benefits from the government being one of its biggest clients. The company’s association with the government lends stability to its business and moderates revenue fluctuations.
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