CACI International Inc
) recently secured two primary contracts worth $237 million from
the U.S. Army to support U.S. Joint Military Forces' Tactical
Information Network Worldwide.
CACI will offer extensive training to the US forces and will
ensure that the deployed forces' satellite communications remain
highly reliable during critical missions. There are about 1,000
deployed terminals in this network and they provide consistent
communications within regional commands as well as provide
inter-theatre communications capabilities to other countries in
CACI has a large pipeline of new projects and continues to win
deals at regular intervals. The contract wins are vital catalysts
that are likely to augment the company's revenues. The current
contract is one of the largest programs in the command, control,
communications, computers, intelligence, surveillance, and
reconnaissance (C4ISR) markets and Logistics and Material
The contract further broadens the company's support in
high-volume market area and positions it as a first-line
solutions and service provider for the U.S. Armed Forces. In
addition, with the U.S. government as one of the company's
biggest clients, there is a relative stability to the business
with a steady revenue stream.
Based in Arlington, Va., CACI delivers IT applications and
infrastructure to improve communications and secure the integrity
of information systems and networks, enhance data collection and
analysis, and increase efficiency and mission effectiveness.
CACI currently has a Zacks Rank #4 (Sell). Other stocks that
look promising and are worth considering in the industry include
Lionbridge Technologies Inc
), each carrying a Zacks Rank #1 (Strong Buy).
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