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CACI International Inc (CACI - Free Report) announced that it has been awarded a task order worth $51 million by the 90th Cyberspace Operations Squadron (90th COS), a subordinate unit of the 24th Air Force. The contract spans over a period of three years, awarded under the Network-Centric Solutions-2 contract vehicle.

Per the deal, CACI will provide software development support to 90th COS. The company will offer technical and architecture support to enable cyber exercises, training, experimentation, development and fielding of cyber capabilities. This project builds upon the company’s experience in supporting cyberspace training and simulation software development to ensure that the Armed Forces are mission-ready.

The company has a long history of serving the defence forces. Recently, it was awarded a task order worth $40 million by the Naval Sea Systems Command (NAVSEA). Per the five-year SeaPort-e contract vehicle, CACI offers new services in the Logistics and Material Readiness market. Per this contract, CACI offers professional, technical, and consulting support to NAVSEA. In order to deliver this support, the company is leveraging its extensive experience in providing logistics and material readiness solutions for the smooth functioning of the NAVSEA system.

CACI continues to win deals at regular intervals. These back-to-back contracts will boost the company’s growth trajectory. It intends to drive operational excellence by focusing on its organic and inorganic growth strategy, and strengthening existing customer relationships while building new ones.

On the back of continuous contract wins, CACI has outperformed the industry with an average loss of 1.9% compared with a decline of 5.1% for the latter, over the last 30 days.

A leader in IT outsourcing for the U.S. federal government, CACI earns its revenues through four customer groups: the Department of Defence (DoD), Federal Civilian Agencies, Commercial and Other, and State and LocalGovernments. The company’s DoD customers include the U.S. Army (the largest customer) and the Navy. Meanwhile, federal civilian agencies provide litigation support services to the Department of Justice.

Having the government as one of the biggest clients lends stability to the business and mitigates some of the fluctuations in revenues. Although the government generally has a lengthy approval process, the project continues to earn money years after securing approval. Moreover, government contracts improve the visibility on future revenue streams.

CACI International currently carries a Zacks Rank #2 (Buy). Other stocks in the industry worth a glance include LogMeIn, Inc. (LOGM - Free Report) , OBIC CO LTD NPV (OBIIF - Free Report) and ManTech International Corporation (MANT - Free Report) . All three stocks carry the same Zacks Rank as CACI International. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

LogMeIn has long-term earnings growth expectations of 17.5% and is currently trading at a forward P/E of 27.7x.

OBIC CO LTD has long-term earnings growth expectations of 9.3% and is currently trading at a forward P/E of 10.83x.

ManTech is currently trading at a forward P/E of 18.1x.

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