CACI International Inc (CACI - Free Report) announced that it has won $480 million-worth contracts from the federal government clients in the Intelligence Community during first quarter fiscal 2014. CACI International primarily focuses on the high-volume intelligence market and this contract win further boosts its share in that arena.
The scope of the contract entails CACI International to provide software development and integration services to support intelligence analysis, program management, technical analysis, network operations and technical collection.
CACI International supports several agencies and delivers capabilities in sensitive domains like cyberspace and healthcare. With this contract, CACI international gets an opportunity to help improve the nation’s security and protect it from potential threats. With approximately half-a-billion dollars worth of contracts, CACI International’s intelligence business is likely to augment its organic growth.
CACI International intends to drive operational excellence by emphasizing its organic and inorganic growth strategy. The company has a large pipeline of projects and continues to win deals at regular intervals. The contract wins are key catalysts that are likely to increase 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 Syntel, Inc.(SYNT - Free Report) , carrying a Zacks Rank #1 (Strong Buy), and NCI, Inc. and CGI Group, Inc. (GIB - Free Report) , both carrying a Zacks Rank #2 ( Buy).