CACI International Inc (CACI - Free Report) recently announced that it was selected as one of the 12 primary contractors for providing acquisition support for the Department of Homeland Security (DHS). The 5-year Technical, Acquisition and Business Support services (TABBS) contract has a ceiling of $11 billion and expands the company’s presence in the command, control, communications, computers, intelligence, surveillance and reconnaissance (C4ISR), Logistics and Material Readiness, and Business System markets.
Leveraging its selection as one of the prime contractors, CACI International intends to provide cost-effective and efficient acquisition solutions to DHS. The company boasts expertise in engineering and technology support services and already has 70 such contracts in its kitty. With this contract, CACI International intends to expand its presence in the C4ISR and Business System markets.
A leader in IT outsourcing for the U.S. federal government, CACI International has ample exposure to the Department of Defense and DHS budgets. CACI International’s system-integration skills and intelligence expertise consume a significant portion of the funds earmarked for DHS while creating systems that will facilitate sharing of critical information among all intelligence agencies.
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.
The company faces tough competition from other players in the market, which include formidable names such as Lionbridge Technologies Inc and Diodes Inc. (DIOD - Free Report) .
CACI International currently has a Zacks Rank #3 (Hold). One of its competitors, Computer Sciences Corp. carries a Zacks Rank #2 (Buy).