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CACI Wins $700M Contract From Department of Homeland Security
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CACI International (CACI - Free Report) has been recently chosen as a contractor in a $700-million multiple-award Blanket Purchase Agreement from the Department of Homeland Security (DHS). The award has a base period of five years.
Per the terms of the deal, the company will provide enterprise technology that will support the department in national security investigations.
The company in its press release stated, “CACI will support the full range of case types for DHS and their components. This award also expands the set of government customers to whom CACI provides national security investigations, which includes the U.S. Department of Defense (DoD) and Intelligence Community (IC).”
CACI has been winning a record level of awards, which reflects its disciplined business development actions, consistent operational excellence and high customer satisfaction. The company’s reliability with contracts makes it a preferred choice among contractors.
Markedly, in the last reported quarter, CACI secured a number of notable contracts. These included a five-year, $447-million task order to provide acquisition mission technology. It also won a seven-year task order worth $376 million to provide mission technology to modernize a federal customer’s web-based supply chain system.
These back-to-back wins are the key catalysts driving success perennially for the company. The company’s wins as a prime contractor in most of its deals are a positive. In the last reported quarter, revenues generated as a prime contractor accounted for 90.4% of the total revenues.
CACI has a large pipeline of new projects and continues to win deals at regular intervals. Notably, as of Dec 31, 2020, its total backlog was $22.4 billion.
Bright Prospects Despite Competition
Competition from Science Applications (SAIC - Free Report) in the IT services space remains steady. CACI continues to win high-value contracts and received contracts worth $2.1 billion in second-quarter fiscal 2021.
In the IT services industry, the company also competes with International Business Machines (IBM - Free Report) and Accenture (ACN - Free Report) , which are among the top IT service providers in the world.
Nonetheless, we believe the company is comfortably positioned in this space, given its favorable relationship with the Department of Defense. Moreover, cyberattacks are creating increased awareness, leading to more demand for cybersecurity solutions.
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research SherazMian hand-picks one to have the most explosive upside of all.
You know this company from its past glory days, but few would expect that it’s poised for a monster turnaround. Fresh from a successful repositioning and flush with A-list celeb endorsements, it could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in a little more than 9 months and Nvidia which boomed +175.9% in one year.
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CACI Wins $700M Contract From Department of Homeland Security
CACI International (CACI - Free Report) has been recently chosen as a contractor in a $700-million multiple-award Blanket Purchase Agreement from the Department of Homeland Security (DHS). The award has a base period of five years.
Per the terms of the deal, the company will provide enterprise technology that will support the department in national security investigations.
The company in its press release stated, “CACI will support the full range of case types for DHS and their components. This award also expands the set of government customers to whom CACI provides national security investigations, which includes the U.S. Department of Defense (DoD) and Intelligence Community (IC).”
CACI International, Inc. Price
CACI International, Inc. price | CACI International, Inc. Quote
Contracts Keep Flowing for CACI
CACI has been winning a record level of awards, which reflects its disciplined business development actions, consistent operational excellence and high customer satisfaction. The company’s reliability with contracts makes it a preferred choice among contractors.
Markedly, in the last reported quarter, CACI secured a number of notable contracts. These included a five-year, $447-million task order to provide acquisition mission technology. It also won a seven-year task order worth $376 million to provide mission technology to modernize a federal customer’s web-based supply chain system.
These back-to-back wins are the key catalysts driving success perennially for the company. The company’s wins as a prime contractor in most of its deals are a positive. In the last reported quarter, revenues generated as a prime contractor accounted for 90.4% of the total revenues.
CACI has a large pipeline of new projects and continues to win deals at regular intervals. Notably, as of Dec 31, 2020, its total backlog was $22.4 billion.
Bright Prospects Despite Competition
Competition from Science Applications (SAIC - Free Report) in the IT services space remains steady. CACI continues to win high-value contracts and received contracts worth $2.1 billion in second-quarter fiscal 2021.
In the IT services industry, the company also competes with International Business Machines (IBM - Free Report) and Accenture (ACN - Free Report) , which are among the top IT service providers in the world.
Nonetheless, we believe the company is comfortably positioned in this space, given its favorable relationship with the Department of Defense. Moreover, cyberattacks are creating increased awareness, leading to more demand for cybersecurity solutions.
CACI currently carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Zacks Names “Single Best Pick to Double”
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research SherazMian hand-picks one to have the most explosive upside of all.
You know this company from its past glory days, but few would expect that it’s poised for a monster turnaround. Fresh from a successful repositioning and flush with A-list celeb endorsements, it could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in a little more than 9 months and Nvidia which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>