CACI International Inc. (CACI - Free Report) recently announced that it has been awarded a Development, Modernization, and Enhancement (DME) contract worth $54 million for upgrading mission critical systems for the U.S. Department of State’s Bureau of Diplomatic Security.
With its expertise and leadership position in global security, CACI International aims to provide cost-effective measures to the Department of State to meet its security projects on time. The DME contract will entail CACI International to develop and modernize the technology, which includes software applications for case management, real-time situation reporting and global security monitoring. This is likely to provide more effective and faster data reporting and information for its client.
Leveraging its selection as a prime contractor, CACI International intends to expand its presence in the business system solutions and investigation and litigation support markets. This new contract also fosters significant growth opportunity for CACI International.
CACI International will provide support for global security and safety for the 34,000 employees working globally for the U.S. Department of State’s Bureau of Diplomatic Security. 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
Based in Arlington, VA, CACI International delivers IT (information technology) applications and infrastructure to improve communications and secure the integrity of 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
CACI International currently has a Zacks Rank #4 (Sell). Other stocks that look promising and are worth considering in the industry are Syntel, Inc. (SYNT - Free Report) , Virtusa Corp (VRTU - Free Report) and Carbonite, Inc. (CARB - Free Report) , each carrying a Zacks Rank #2 (Buy).