CACI International Inc.
) recently announced that it has been awarded a Development,
Modernization, and Enhancement (DME) contract worth $54 million
for upgrading mission critical systems for the U.S. Department of
State's Bureau of Diplomatic Security.
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With its expertise and leadership position in global security,
CACI International aims to provide cost-effective measures to the
Department of State to meet its security projects on time. The
DME contract will entail CACI International to develop and
modernize the technology, which includes software applications
for case management, real-time situation reporting and global
security monitoring. This is likely to provide more effective and
faster data reporting and information for its client.
Leveraging its selection as a prime contractor, CACI
International intends to expand its presence in the business
system solutions and investigation and litigation support
markets. This new contract also fosters significant growth
opportunity for CACI International.
CACI International will provide support for global security and
safety for the 34,000 employees working globally for the U.S.
Department of State's Bureau of Diplomatic Security. CACI
International has a huge pipeline of new projects and continues
to win deals at regular intervals. These contract wins are key
growth catalysts for the company
Based in Arlington, VA, CACI International delivers IT
(information technology) applications and infrastructure to
improve communications and secure the integrity of networks,
enhance data collection and analysis, and increase efficiency and
A leader in IT outsourcing for the U.S. federal government, CACI
International has ample exposure to the Department of Defense and
Department of Homeland Security budgets. CACI International's
system-integration skills and intelligence expertise consume a
significant portion of the funds earmarked for the Department of
Homeland Security, while creating systems that facilitate sharing
of critical information among all intelligence agencies
CACI International currently has a Zacks Rank #4 (Sell). Other
stocks that look promising and are worth considering in the
), each carrying a Zacks Rank #2 (Buy).