CACI International Inc. (CACI) recently received a multiple-award contract from the U.S. Department of Justice (DOJ) for a ceiling value of $1.1 billion.
The company is among the 20 winners of the DOJ’s Information Technology Support Services 4 (ITSS-4) contract. ITSS-4 has a seven-month base period with six option years. ITSS-4 is an indefinite delivery/indefinite quantity contract, allowing DOJ to fulfil its mission-critical objectives, with the help of CACI’s information technology (IT) support services.
CACI International will extend DOJ’s IT infrastructure, administrative support systems, office automation, case management and record management functions. The company will also leverage the experience of its talented IT professionals, proven management processes and approaches to accomplish DOJ’s goals for standardization and consolidation of data and information sharing.
Earlier, the company was among the 46 winners of the FBI’s Information Technology Supplies and Support Services (IT Triple S) multiple-award contract for a ceiling value of $30 billion.
IT Triple S supports the FBI’s business and program units to accomplish its mission objectives. It is an eight-year contract with one base year and seven option years.
Under the contract, CACI International will compete for task order work to provide IT services in areas such as cybersecurity, biometrics, systems engineering, software development, secure communications, counter-terrorism analytics, and systems operations and maintenance.
CACI International 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. The company’s solutions enhance both defense and intelligence capabilities and ensure homeland security.
We expect that CACI International will capitalize on its contract wins along with the recent acquisitions expanding its scale of operations. Thus, we maintain our long-term Outperform recommendation on the stock, with a short-term (1 to 3 months) Zacks #2 Rank (“Buy”) on the stock.
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