CACI Secures $28.7 Million Air Force Modernization Contract
Zacks Investment Research | Sep 18, 2017 09:03PM ET
Information technology services provider, CACI International Inc. (NYSE:CACI) recently secured a $28.7 million contract to modernize the information technologies of the U.S. Air Force Civil Engineer Center. The contract expands the scope of work for the company’s Business Systems market area and reinforces its position as one of the leading players in the segment.
The Deal
Per the contract, CACI will provide support services to the U.S. Air Force Civil Engineer Center that offers civil engineering services and enterprise lifecycle leadership to Air Force installations. In particular, the company will offer back-up engineering support to better equip the Air Force to address the evolving requirements for timely and accurate reporting for real property and financial auditing. This will enable the Air Force to fortify itself with enterprise-wide solutions to gain operational advantage against potential enemy threats.
Price Performance
A steady revenue stream, driven by a large pipeline of new projects and multi-million deals at regular intervals has enabled CACI to successfully outperform the Zacks Investment Research
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