U.S. Markets closed

CACI Secures New Army Contract

Zacks Equity Research

CACI International Inc (CACI) recently secured a $21 million task order contract to support data networks for the U.S. Army Product Director (PD.TO) Initialization, which provides data products to support network operations and connectivity for the U.S Army.

The contract will entail CACI to provide business, logistics and engineering services to the U.S. Army. The support services will include research and engineering development, prototyping, demonstrations and integration of products and software.

With the requisite support of CACI, the networking system will be much more effective and automotive and the emerging network interoperability technologies will enable the troops to fulfil their missions safely. Also, the ongoing effort enhances tactical communications among army units.  

CACI has a large pipeline of new projects and continues to win deals at regular intervals. These back-to-back contract wins are the key catalysts driving success for the company. With this contract, CACI is expected to expand in the C4ISR (command, control, communications, computers, intelligence, surveillance, and reconnaissance) market and augment its revenues. CACI’s broad-based C4ISR capabilities focus on quality and affordability with cost-effective solutions.

Based in Arlington, VA, CACI delivers IT applications and infrastructure to improve communications and secure the integrity of information systems and networks, enhance data collection and analysis, and increase efficiency and mission effectiveness.

CACI currently has a Zacks Rank #5 (Strong Sell). Other stocks that look promising and are worth considering in the industry include Ebix Inc. (EBIX), Innodata Inc. (INOD) and Carbonite, Inc.  (CARB), each carrying a Zacks Rank #1 (Strong Buy).

Read the Full Research Report on CARB
Read the Full Research Report on CACI
Read the Full Research Report on EBIX
Read the Full Research Report on INOD

Zacks Investment Research