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Recently announced, CACI International Inc. ( CACI - Analyst Report ) declared that it has received a task order of $23 million from the Naval Surface Warfare Center (NSWC) in Dahlgren. The company shall provide its advanced technical and engineering solution services to the Submarine Launched Ballistic Missile (SLBM) program under this contract, which pertains to one base year followed by two option years.
The contract given to CACI International is an extension of the previously received SeaPort-e contract vehicle in 2004. Not only will the company cater to deploying its logistics management and engineering solutions, but will also provide its SETA support along with software testing and TRIDENT submarine fire control support solutions as per the agreement. These lifecycle support solutions shall obviate errors and make the fire control platform flexible and less time consuming for adaptations.
Other services entailed in the contract include Ship Submersible Guided Nuclear (SSGN) program support solutions and information assurance services to the Strategic and Weapons Control Systems (K) Department and information technology solutions to the NSWC Dahlgren’s Corporate Development. Overall, CACI International shall develop an easy-to-use and technologically advanced fire control system platform for the Navy.
We believe that this noteworthy contract award is a result of CACI International’s approbatory goodwill and reputation. Furthermore, its expertise in providing state-of-the-art technological support and the urge to constantly re-innovate its field of expertise are attributes that make CACI the best option for the deal.
Contract wins have forever been the niche strength of CACI International. On May 2, 2012, the company reported its third fiscal quarter of 2012 financial results whereby contract funding orders surged almost 7% annually to reach $800 million for the quarter. Such laudatory advances make the company retain its formidable position in the industry even at times when fiscal scenario appears grim in the global economy.
However, the company should forever remain wary of a few companies in the industry it pertains to. Big players in this regard include Carbonite Inc. ( CARB - Snapshot Report ) , Syntel, Inc. ( SYNT - Snapshot Report ) and The KEYW Holding Corporation ( KEYW - Snapshot Report ) .
The company currently retains a Zacks #3 Rank, which translates into a short-term ‘Hold’ rating. We also have a ‘Neutral’ recommendation on the company’s stock.
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