CACI International Inc (CACI - Analyst Report) recently featured among the 13 prime contractors who won the $899 million five-year contracts to support the U.S. Navy’s Integrated Cyber Operations (ICO) services.
This five-year indefinite delivery/indefinite quantity contract is one of the four multiple Pillar contracts that expands CACI International‘s business in the cyberspace market. The contract will support governmental services and solutions associated with lifecycle support of the Space and Naval Warfare (SPAWAR) Atlantic business portfolios.
The scope of the contract requires CACI International to provide the Navy research, development, test, evaluation, production, and fielding of sustainable, secure, survivable, and interoperable C5ISR (command, control, communication, computers, combat systems, intelligence, surveillance, and reconnaissance), information operations, enterprise information services, and space capabilities. Leveraging its selection as one of the prime contractors, CACI International aims to provide high-quality, high-value services to the U.S. Navy and move in-line with its mission.
CACI International has a large pipeline of new projects and it continues to win deals at regular intervals. The contract wins are key catalysts that are likely to augment the company’s revenues. In addition, with the U.S. government as one of the company’s biggest clients, there is a relative stability to the business with a steady revenue stream.
Based in Arlington, Va., CACI International 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 International currently has a Zacks Rank #4 (Sell). Other stocks that look promising and are worth considering in the industry include Carbonite, Inc. (CARB - Snapshot Report), Computer Sciences Corporation (CSC - Analyst Report) and Lionbridge Technologies Inc (LIOX - Snapshot Report), all of which have a Zacks Rank #2 (Buy).