CACI International Inc (CACI - Free Report) recently secured a three-year $26.6-million worth prime contract to provide healthcare facilities support to the Air Force Medical Support Agency’s (AFMSA) health facilities division.
The AFMSA health division manages Air Force’s 17 million square feet of healthcare facilities. As one of the prime contractors, CACI International will assist AFMSA in planning, programming, designing, execution, restoration and modernization efforts at 72 Air Force medical facilities.
With this contract, CACI International extends its support in the growing healthcare market and at the same time leverages its expertise in medical facilities management and modernization.
Over the years, CACI International has developed a key expertise in supporting the operational and IT needs of the federal healthcare logistics community. In the past, the company had served several Air Force medical facilities and was also awarded for reducing energy consumption by about 10%
CACI International has a large pipeline of new projects and continues to win deals at regular intervals. The contract wins are vital 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 #3 (Hold). Other stocks that look promising and are worth considering in the industry include Carbonite, Inc. (CARB - Free Report) , Computer Sciences Corporation and Lionbridge Technologies Inc , each carrying a Zacks Rank #2 ( Buy).