CACI International Inc (CACI - Free Report) recently announced that it has been selected as one of the primary contractors for $21 million indefinite delivery/indefinite quantity (IDIQ) contract to provide educational support to the National Defense University (NDU).
Leveraging its selection as one of the prime contractors, CACI International intends to expand its presence in the ever-expanding Integrated Security Solutions Market. This new contract fosters significant growth opportunity for CACI International and aligns with its national priorities.
The contract entails CACI International to enable organizational transformation, provides academic support such as classroom instruction and curriculum development and helps in designing war games, seminars and workshops for NDU. This contract is in line with NDU’s mission to assess national and international security challenges through academic programs and professional exchanges and leadership support. With its expertise and leadership position in global security, CACI International aims to provide NDU with the required academic support.
CACI International has a huge pipeline of new projects, and continues to win deals at regular intervals. These contract wins are key growth catalysts for the company. In addition, as the U.S. government is one of the company’s biggest clients, it lends 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.
A leader in IT outsourcing for the U.S. federal government, CACI International has ample exposure to the Department of Defense and Department of Homeland Security budgets. CACI International’s system-integration skills and intelligence expertise consume a significant portion of the funds earmarked for the Department of Homeland Security while creating systems that facilitate sharing of critical information among all intelligence agencies
The company faces tough competition from other players in the market, which include formidable names such as Lionbridge Technologies Inc and Syntel, Inc (SYNT - Free Report) .
CACI International currently has a Zacks Rank #3 (Hold). One of its competitors, Computer Sciences Corporation carries a Zacks Rank #2 (Buy).