CACI International Inc CACI recently secured a $38.5 million task order contract from the U.S Army. The contract entails it to provide Rapid Prototyping and Technology Insertion (RPTI) support to the Command, Power & Integration Directorate’s Prototyping, Integration and Testing Division (PI&TD) of the Army.
As per the contract, CACI will provide engineering, development and analysis support and also help in maintaining Communications-Electronics Research Development & Engineering Center’s (CERDEC) Field Based Risk Reduction (FBRR) assessments.
The contract further strengthens CACI’s business in its C4ISR (Command, Control, Communications, Computers, Intelligence, Surveillance, and Reconnaissance) market. Over the years, the company has successfully provided support services to the U.S. forces. It is considered to be an expert in providing mission-critical training solutions which simultaneously helps in maximizing efficiency of rapid prototyping and technology insertion operations for the customers.
Moving forward, CACI’s revenues are expected to benefit from the current contract. The company has a huge pipeline of new projects and continues to win deals at regular intervals. These contracts are key growth catalysts for the company.
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). Better-ranked stocks in the industry include Lionbridge Technologies Inc LIOX, ARI Network Services Inc ARIS and Ebix Inc EBIX ), all carrying a Zacks Rank #1 (Strong Buy).
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