CACI International Inc.
) declared that it has won a $43 million contract from U.S. Navy.
The company has received this contract under its existing
SeaPort-e contract and it includes one base year followed by one
According to the agreement, the company will be offering
various analytical and programmatic solutions to the Navy Region
Marianas (Guam), Naval Facilities Engineering Command (NAVFAC)
Pacific, Hickam Air Force Base (AFB), Department of Defense (DoD)
and federal agencies for controlling its operations and
supporting its installation and environmental necessities.
Per the contract, the company will be mainly focusing on
environmental planning, acquisition program management, modeling,
simulation as well as program management. Additionally, CACI
International shall also be providing its specialized
professional and support services to U.S. Navy for controlling
its strategic programs in the Pacific Rim.
Previously, CACI International provided its support solutions
to manage Navy and Department of Homeland Security's (DHS)
environmental and security processes. Now, with this contract,
the company will further strengthen its 15 years of long-term
association with U.S. Navy.
Management stated that CACI International's expert services
and concepts are expected to be highly beneficial for U.S. Navy.
The company's support solutions are likely to minimize any kind
of environment risk in the Pacific Rim for the Navy through
augmenting its efficiency. With the contract, the company will be
able to extend its coverage in the Logistics and Material
CACI International has a large project pipeline of new deals
and continues to win more deals at regular intervals. These
back-to-back contract wins are the key catalysts, driving success
perennially for the company.
However, the company competes primarily in the government IT
services arena, which, include:
CGI Group, Inc.
ManTech International Corporation
). ManTech's operational unit Evolvent Technologies recently
received a $20.5 million contract from Department of Defense' The
TriCare Management Activity (TMA) Contract Operations Division
(COD). Per the contract, ManTech will be supporting AHLTA-Theater
application for improving its functionality. Hence, the company
should not become complacent with its contract win spree.
The current Zacks Consensus Estimates for CACI International
Inc. are $1.64 and $6.60 per share for the second quarter of
fiscal 2013 and fiscal 2013 (ending June 30, 2013), respectively.
The estimates represent a year-over-year growth of 8.85% for the
second quarter and 11.19% 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' rating.
CACI INTL A (CACI): Free Stock Analysis
CGI GRP INC -A (GIB): Free Stock Analysis
MANTECH INTL -A (MANT): Free Stock Analysis
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