Based in Arlington, Virginia,
CACI International Inc.
) recently penned a partnership agreement with
Laser Energetics, Inc.
). The financial details of the deal were not disclosed yet.
According to the agreement, the companies will be engaged in
offering laser optical distracters technology through Dazer Laser -
Light Fighting Technologies Product Line to the Department of
Defense (DoD) in U.S. and various other federal government
agencies. Dazer Laser is a unique technology, which is designed on
the basis of hand-held and weapons-mounted models along with
several customized features, especially for the U.S. Military,
Homeland Security and Law Enforcement users.
Under the pact, CACI International will be involved in providing
various operational planning, installation and training solutions,
warranty management and help desk support services for enhancing
the efficacy of the product and providing improved solution
services to its clients. According to the company's management,
this alliance is expected to help CACI International to penetrate
into the developing market for non-lethal weapons. In addition,
Laser Energetics would also benefit immensely from this association
either in terms of revenue or in terms of market share.
CACI International's system integration skills and intelligence
expertise consume a significant portion of the funds earmarked for
the Department of Homeland Security. We believe the company is
comfortably positioned, given its favored relationship with the
DoD. The company, however, should not become complacent with its
positives as it faces stiff competition largely from proactive
companies. Its main competitors include
ManTech International Corporation
The current Zacks Consensus Estimates for CACI International
Inc. are $1.55 and $6.69 for the first quarter of fiscal 2013 and
for the full year of fiscal 2013 (ending June 30, 2012),
respectively. The estimates represent a year-over-year growth of
10.60% for the first quarter and 12.61% for the full year of fiscal
2013. At present, we have a 'Neutral' recommendation on CACI
International Inc. The stock currently carries a Zacks #3 Rank,
which translates into a short-term rating of 'Hold'.
CACI INTL A (CACI): Free Stock Analysis Report
(LNGT): ETF Research Reports
MANTECH INTL -A (MANT): Free Stock Analysis
SAIC INC (SAI): Free Stock Analysis Report
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