CACI International Inc.
) declared that it has won a task order of $21.5 million from Naval
Sea Systems Command (NAVSEA). Per the contract, the company will
continue to provide its advanced technical and engineering support
services to the Naval Shipyard Training and Education Program
(NSTEP). The contract includes one base year followed by two option
years. In addition, the contract given to CACI International
is an extension of the previously received Seaport II Enhanced
As per the task order, CACI International will be engaged in
providing its support solutions to the facilities of Naval Sea
Systems Command, Naval Shipyards and Navy maintenance in the United
States and Japan. Since 1992, the company is providing several
services including managerial solutions, workforce and
organizational development services and various technical and
managerial support services to NAVSEA. This contract will further
strengthen the existing association between CACI International and
According to management, CACI's expert services along with the
latest processes and concepts are expected to be highly profitable
for NAVSEA. The company's support solutions are likely to augment
the efficiency of NAVSEA systems in the future. In addition, this
deal will not only increase CACI International's expertise in IT
enterprise solutions but also strengthen its existing association
with the U.S. Government.
Contract wins have forever been the strength of CACI
International. The company's contract funding orders surged almost
3.4% annually and 12.6% sequentially to reach $901.1 million for
the fourth quarter of fiscal 2012. These help the company to retain
its formidable position in the industry even when the global fiscal
scenario appears grim.
CACI International's system integration skills and intelligence
expertise consume a significant portion of the funds earmarked by
the Department of Homeland Security. We believe the company is
comfortably positioned, given its strong relationship with the
Department of Defense (DoD). The company, however, should not
become complacent with its positives as it faces stiff competition
largely from its main competitors
ManTech International Corporation
The current Zacks Consensus Estimates for CACI International
Inc. are $1.50 and $6.64 per share for the first quarter of fiscal
2013 and fiscal 2013 (ending June 30, 2013), respectively. The
estimates represent a year-over-year growth of 6.79% for the first
quarter and 11.73% for 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 'Hold'
CACI INTL A (CACI): Free Stock Analysis Report
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