CACI International Inc CACI recently secured a $46 million Army Force Management System (FMS) contract for the U.S. Army’s Program Executive Officer (PEO) Enterprise Information Systems (EIS). PEO EIS develops, acquires, integrates, and deploys information technology (IT) systems globally.
Under this contract, CACI will provide software development and systems automation, cybersecurity and systems support to the U.S army. These services and system supports are likely to streamline personnel and equipment requirement process and also help maintain the IT infrastructure. With its expertise and leadership position in global security, CACI aims to provide mission critical measures to PEO EIS to meet its diverse goals and missions. CACI already has business relationships with the U.S army and this contract further reinforces this.
Back to back contract wins are key catalysts that are likely to augment the company’s revenues. In addition, with the U.S. government as one of the company’s biggest clients, there is a relative stability to the business with a steady revenue stream.
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). Stocks that look promising and are worth considering in the industry include Accenture plc ACN, NCI, Inc. NCIT and Towers Watson & Co TW, each carrying a Zacks Rank #2 (Buy).
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Be the first to comment