CACI International Inc (CACI) recently secured a contract worth $38 million from the Naval Surface Warfare Center (NSWC) in Dahlgren. Under this contract, CACI will provide test, evaluation and information assurance services to NSWC.
The five-year (one base plus two option years and two award term years) contract entails CACI to support NSWC to maximize defense readiness. NSWC is a premier research and development center. With its in-depth expertise, CACI will help NSWC to handle complex war fighting systems for potential cost and time savings. CACI aims to deliver the best-value solutions and services to the Navy, which will help them to combat global threats effectively.
This new contract fosters significant growth opportunity for CACI with incremental revenues. The company 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 and further strengthen its presence in the high-volume C4ISR (command, control, communications, computers, intelligence, surveillance and reconnaissance) market.
Based in Arlington, VA, CACI 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. CACI’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 currently has a Zacks Rank #3 (Hold). Other stocks worth considering in the industry include Lionbridge Technologies Inc. (LIOX), carrying a Zacks Rank #1 (Strong Buy), and Carbonite, Inc. (CARB) and Ciber, Inc. (CBR), both carrying a Zacks Rank #2 (Buy).
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