CACI International Inc (CACI - Analyst Report) has won a $75 million-worth contract from the U.S. Air Force to sustain Expeditionary Contingency Medical Materiel (ECMM) support service. The contract will enable CACI International to strengthen its position in Healthcare and Logistics and Material Readiness market areas.
ECMM support services provide identification and communication of medical manpower and equipment planning data for all air force and support forces. With this award, CACI International will fortify the operational and IT needs of the federal healthcare logistics community and provide innovative solutions to its customers.
The Air Force benefits from the company’s expertise, experienced personnel, proven processes and extensive capabilities to provide medical requirements necessary to support its forces. Additionally, CACI International builds, maintains, and deploys medical assemblages from portable backpack sets to hospitals.
Assemblages can also be deployed in support of humanitarian relief efforts for disasters. The services further include fulfilling urgent medical requirements in combat zones; sustaining medical logistics for deployed units and forces and augmenting medical logistics to meet requirements for any disaster or contingent operation within the US.
CACI International has a large pipeline of projects and continues to win deals at regular intervals. The contract wins are key catalysts for 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 - Snapshot Report) , carrying a Zacks Rank #1 (Strong Buy), and NCI, Inc. (NCIT - Snapshot Report) and CGI Group, Inc. (GIB - Snapshot Report) , both carrying a Zacks Rank #2 (Buy).