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Information technology services provider CACI International Inc. (CACI - Free Report) recently secured a long-term contract from the U.S. Air Force Satellite Control Network (“AFSCN”) worth $446 million. Per the contract, the company will offer operations, maintenance, and sustainment services to the AFSCN for the next seven years.

The contract expands the company’s presence in its Command and Control market area. CACI will be providing a combination of three services into a single effort, Modifications, Maintenance, and Operations. The company will serve the AFSPC Space and Missile Systems Center (“SMC”). The SMC provides on-orbit check-out, testing, sustainment, and maintenance of military satellite constellations along with other Department of Defense space systems. The contract will help SMC to function in a more advanced and efficient manner. Such prestigious contracts improve CACI’s goodwill and augment its top line.

Earlier this year, the company secured a $480 million contract to improve the counter-narcoterrorism efforts of the Department of Defense. The contract expanded the scope of work for the company’s Intelligence Systems and Support market area and reinforced its position as one of the leading players in the segment. Per the contract, CACI will provide support services for the Office of the Assistant Secretary of Defense for Special Operations and Low Intensity Conflict that combat threats related to narcotics. In particular, the company will develop communications networks, conduct thorough studies to identify the most effective technical solutions, and support linguistic operations centers across potentially hostile environments. This will enable U.S. forces, related agencies and host nations to effectively counter narcoterrorism.

CACI has a large pipeline of new projects and continues to win deals at regular intervals. Back-to-back contract wins are the key catalysts driving the company. Furthermore, having the government as a big client lends stability to its business and moderates fluctuations in revenue. Although the government generally has a lengthy approval process, the project earns money for a number of years after it is approved. Moreover, government contracts also improve the visibility of future revenue streams. The company’s robust business model is expected to help it grow and achieve newer heights.

CACI currently has a Zacks Rank #3 (Hold). Some better-ranked stocks in the industry include Accenture plc (ACN - Free Report) , LogMeIn, Inc. (LOGM - Free Report) , and Carbonite, Inc. (CARB - Free Report) . Accenture carries a Zacks Rank #2 (Buy), whereas LogMeIn and Carbonite both sport a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank  stocks here.

Accenture has a long-term earnings growth expectation of 10.1% and is currently trading at a forward P/E of 19.8x.

LogMeIn has a long-term earnings growth expectation of 22.5% and is currently trading at a forward P/E of 97.2x.

Carbonite has a long-term earnings growth expectation of 30.0% and is currently trading at a forward P/E of 79.4x.

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