CACI Bags Another Defense Deal - Analyst Blog


CACI International Inc. ( CACI ) recently announced the securing of a contract from the Department of Defense (DoD) and the Defense Logistics Agency ( DLA ) to provide support for creating a modernized IT system for security clearance purposes.

As the DoD's largest logistics combat support agency, the DLA offers worldwide logistics, acquisition, and technical support to the military services along with several civilian agencies and foreign countries.

The contract is worth $39 million, and the nature of operation being new to CACI, the contract offers ample scope for ameliorating the company's Business System Solutions core capability. It has a seven month base period and a nine month overlapping option.

The interminable cycle of securing successful contracts from the US Defense and Army continues as this marks its third major contract received in the last three months. On November 14, 2011, CACI was awarded multiple U.S. Army contracts worth $273 million and on November 10, 2011, it had received four contracts worth $69 million from the Defense Medical Logistics Standard Support (DMLSS).

CACI recently declared its first quarter fiscal 2012 financial results, whereby it recorded revenues of $924.4 million rising 10.8% year over year. Pro forma earnings rocketed to around $88.9 million increasing 33.2% year over year whereas pro forma diluted adjusted EPS came in at $1.82 as compared with $1.37 in the previous year period. The company received contracts worth $2.04 billion in that particular quarter out of which 40% came from new ventures. Clearly the laudatory saga continues in this quarter.

Established in 1962 and headquartered in Arlington, Virginia, CACI International Inc. offers professional and IT services for defense, intelligence, homeland security, and IT modernization and government transformation.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.

This article appears in: Investing , Business , Stocks

Referenced Stocks: CACI , DLA

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