CACI International Inc.
) declared that it has received a $122 million contract from Naval
Aviation Enterprise (NAE) and the Surface Warfare Enterprise. The
company shall provide its advanced technical and engineering
solution services to the Warfare Enterprise and Readiness Metrics
Support program under this contract, which pertains to indefinite
delivery and indefinite quantity stipulations with one base year
followed by four option years.
CACI International shall be providing its specialized
technological solutions and customized project management process
services to these enterprises to control and improve their training
methods, maintenance processes, supply chain management and
financial management. In addition, this contract will strengthen
the existing association between the Navy and Marine Corps.
According to management, CACI's expert services with the latest
processes and concepts are expected to be highly profitable for the
Naval Aviation Enterprise. The company's support solutions are
likely to augment the efficiency of these enterprises in the
future. In addition, this deal will not only proliferate CACI
International's expertise in IT enterprise solutions but also
ossify its existing association with the U.S. Government.
Contract wins have forever been the niche strength of CACI
International. The company's contract funding orders surged almost
7% annually to reach $800 million for the third fiscal quarter of
2012. Such laudatory advances make the company retain its
formidable position in the industry even at times when fiscal
scenario appears grim in the global economy.
The company, however, should not become complacent with its
contract win spree as it faces stiff competition largely from
proactive companies. Recently,
Edgewater Technology, Inc
) reported approximately a 16% annual increase in service revenues
to reach $22 million in its second quarter of 2012. Other
formidable players in the industry include
The current Zacks Consensus Estimates for CACI International
Inc. are $1.51 and $5.87 for the fourth quarter of fiscal 2012 and
for the full year of fiscal 2012, respectively. The estimates
represent a year-over-year growth of 17.66% for the fourth quarter
of fiscal 2012 and 31.99% for the full year of fiscal 2012. At
present we have a 'Neutral' recommendation on CACI International
Inc. The stock currently carries a Zacks #2 Rank, which translates
into a short-term rating of 'Buy'.
CACI INTL A (CACI): Free Stock Analysis Report
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