CACI International Inc
) recently announced the completion of Six3 Systems, Inc
acquisition for $820 million from GTCR, a private equity firm.
Six3 Systems is a high-end national security and defense
intelligence services provider focused on developing and
acquiring specialized capabilities that cater to the intelligence
community, Department of Defense and civilian security
With this acquisition, CACI expands its customer base and its
presence in high-growth Cyberspace market as well as builds on
its capabilities in the high-volume command, control,
communications, computers, intelligence, surveillance, and
reconnaissance (C4ISR) markets. The acquisition will further help
to develop high-end next generation solutions for national
security needs and expand the company's market opportunities by
approximately $15 billion.
This transaction is expected to be at least 5% accretive to
CACI's GAAP earnings per share in 2014 and at least 10% accretive
to adjusted earnings per share.
Moving ahead, CACI intends to expand in new markets, increase new
business developments, drive operational excellence and continue
with acquisitions to further increase its market share and create
long-term value for its shareholders.
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 currently has a Zacks Rank #3 (Hold). Other stocks that look
promising and are worth considering in the industry include
Lionbridge Technologies Inc
), carrying a Zacks Rank #1 (Strong Buy),
Computer Science Corp.
), both carrying a Zacks Rank #2 (Buy).
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