Featured Company News - CACI International Receives Million-dollar Contract from U.S. Air Force; Will Deliver Full Service Automated Test System Support
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LONDON, UK / ACCESSWIRE / June 9, 2017 / Pro-Trader Daily takes a look at the latest corporate events and news making the headlines for CACI International Inc. (NYSE: CACI). The Company announced on June 07, 2017, that it has been awarded an indefinite delivery/indefinite quantity contract, with a ceiling value of $94 million, to deliver full service automated testing support services to the U.S. Air Force 309th Electronics Maintenance Group under the Automated Test System Sustainment Initiative (ATSSI). The contract is valid for 5 years and represents both new and continuing work in the firm's Logistics and Material Readiness market area. For immediate access to our complimentary reports, including today's coverage, register for free now at: http://protraderdaily.com/register/.
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Breaking down the Announcement
The Company stated that it has delivered more than 130 common test systems to the U.S. Air Force, where its innovative and proven approach to full-service deployment and testing of network communications delivered high efficiency and reliability for aircraft readiness. Under the ATSSI contract, CACI will offer testing support services, including integration, upgrade, and consolidation of computer-based analytical software tools, test fixtures, database repositories, test fixtures, test program sets, and related network communications for the aircraft. The Air Force 309th Electronics Maintenance Group is responsible for the repairing, overhauling, and modification of different aircraft systems and components.
NAVSEA Contract
Prior to this contract from ATSSI, the Company announced on June 05, 2017, that it has been awarded a $40 million task order to provide services and support for the Naval Sea Systems Command (NAVSEA) that would enable enhanced organizational efficiencies and effectiveness, and assist in development of command's workforce. The five-year award was offered under the SeaPort-e-contract vehicle and was also under the Logistics and Material Readiness market area. The NAVSEA is the largest of the Navy's five system command with a force of 31,000 civilian, military, and contract personnel.
SSC Contract
The Company announced on May 17, 2017, that it has been awarded a $21 million task order by the Space and Naval Warfare Systems Center (SSC) Atlantic to deliver cyber security systems support to the Naval Facilities Engineering Command (NAVFAC) to enhance security of industrial control systems, crucial to USA's critical infrastructure. The two-year duration task order was awarded under the SPAWAR Integrated Cyber Operations contract vehicle, representing continuing business for CACI. SSC Atlantic is responsible to deliver a wide range of information warfare capabilities to the Navy, including communication and networking systems, intelligence, surveillance, and reconnaissance support, business systems, and information security. Under terms of the contract, CACI will provide personnel and expertise to support NAVFAC's capability to meet Department of Defense information assurance standards for delivering cyber security to the Navy's industrial control systems.
The $349 million Contract
On May 02, 2017, the CACI announced that it has been awarded a $349 million contract in previously unannounced awards on classified contracts with federal government customers. The awards were delivered during the Company's first three quarters of FY17, ended March 31, 2017. Under these contracts, CACI will deliver tailored information solutions and services to national-level agencies working towards the nation's cyber security. The Company was also awarded a $48 million contract on April 27, 2017, by the Army Architecture, Operations, Networks, and Space (AONS) Directorate of the U.S. Army Chief Information Officer (CIO)/G-6 that would maximize mission performance via innovation, transparency, and enhanced efficiencies.
Last Close Stock Review
At the closing bell, on Thursday, June 08, 2017, CACI International's stock climbed 1.27%, ending the trading session at $123.90. A total volume of 148.68 thousand shares were traded at the end of the day, which was higher than the 3-month average volume of 118.99 thousand shares. In the last twelve months, shares of the Company have surged 21.96%. The stock is trading at a PE ratio of 18.94 and currently has a market cap of $3.07 billion.
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