CACI Bags Another Defense Deal - Analyst Blog
January 04 2012 - 6:30AM
Zacks
CACI International
Inc. (CACI) recently announced the securing of a contract
from the Department of Defense (DoD) and the Defense Logistics
Agency (DLA) to provide support for creating a modernized IT system
for security clearance purposes.
As the DoD's largest logistics
combat support agency, the DLA offers worldwide logistics,
acquisition, and technical support to the military services along
with several civilian agencies and foreign countries.
The contract is worth $39 million,
and the nature of operation being new to CACI, the contract offers
ample scope for ameliorating the company’s Business System
Solutions core capability. It has a seven month base period and a
nine month overlapping option.
The interminable cycle of securing
successful contracts from the US Defense and Army continues as this
marks its third major contract received in the last three months.
On November 14, 2011, CACI was awarded multiple U.S. Army contracts
worth $273 million and on November 10, 2011, it had received four
contracts worth $69 million from the Defense Medical Logistics
Standard Support (DMLSS).
CACI recently declared its first
quarter fiscal 2012 financial results, whereby it recorded revenues
of $924.4 million rising 10.8% year over year. Pro forma earnings
rocketed to around $88.9 million increasing 33.2% year over year
whereas pro forma diluted adjusted EPS came in at $1.82 as compared
with $1.37 in the previous year period. The company received
contracts worth $2.04 billion in that particular quarter out of
which 40% came from new ventures. Clearly the laudatory saga
continues in this quarter.
Established in 1962 and
headquartered in Arlington, Virginia, CACI International Inc.
offers professional and IT services for defense, intelligence,
homeland security, and IT modernization and government
transformation.
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