CACI International Inc
) recently won a 5-year indefinite delivery/indefinite quantity
(IDIQ) contract worth $140 million from the Pension Benefit
Guaranty Corporation (PBGC) to upgrade the Information Technology
(IT) infrastructure on the IT Infrastructure Operations Services
and Support (ITIOSS) contract.
IDIQ contracts provide for an indefinite period of services for a
fixed time and help streamline the contract process. PBGC is a
federal agency that looks after the pensions of millions of
American workers. Leveraging its position in the IT
infrastructure, CACI International aims to modernize the
Infrastructure for PBGC and help the company to safeguard the
pension plans of millions of Americans.
The upgrade and modifications made by CACI International is
expected to improve performance, trim down costs, increase
transparency, and address security deficiencies as per PBGC's
Moving forward, CACI International is expected to strengthen its
presence in the Enterprise IT market with the current contract
with PBGC and thereby further augment its revenues. CACI
International has a huge pipeline of new projects and continues
to win deals at regular intervals.
These contract wins are key catalysts driving success for the
company. In addition, as the U.S. government is one of the
company's biggest clients, it lends stability to the business
with a steady revenue stream.
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Based in Arlington, VA, CACI International 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
The company faces tough competition from established players in
the industry, which include formidable names such as
Lionbridge Technologies Inc
Computer Sciences Corporation
CACI International currently has a Zacks Rank #3 (Hold). One of
) carries a Zacks Rank #2 (Buy).