CACI International Inc (CACI - Free Report) recently announced that it was selected as one of the 15 primary contractors to provide Business and Force Support (BFS) to the U.S. Navy. The cumulative ceiling value of the contract is $899 million and will support the entire range of government services and solutions associated with full system lifecycle support of the Space and Naval Warfare Systems Center (SSC) Atlantic Business Portfolios.
As one of the prime contractors, CACI International intends to expand its presence in the C4ISR (command, control, communications, computers, intelligence, surveillance, and reconnaissance), Cyber, Enterprise and IT market areas. This new contract fosters significant growth for CACI International in the high-volume C4ISR market. It entails the company to provide business and support functions by developing and supporting systems and applications. The company will also be deploying information systems such as logistics, travel, financial, training, and medical systems and other services for the U.S Navy.
CACI International has a huge pipeline of new projects and continues to win deals at regular intervals. These contract wins are key growth catalysts for the company. In addition, as the U.S. government is one of the company’s biggest clients, it lends stability to the business with a steady revenue stream.
A leader in IT outsourcing for the U.S. federal government, CACI International has ample exposure to the Department of Defense and Department of Homeland Security budgets. CACI International’s system-integration skills and intelligence expertise consume a significant portion of the funds earmarked for the Department of Homeland Security, while creating systems that will facilitate sharing of critical information among all intelligence agencies.
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 #3 (Hold). Other stocks that look promising and are worth a look include Innodata Inc carrying a Zacks Rank #1 ( Strong Buy); CGI Group, Inc. (GIB - Free Report) and Ebix Inc. (EBIX - Free Report) , each carrying a Zacks Rank #2 (Buy.)