CACI Secures $145 Million Navy Contract
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jul 04 2024
0mins
Should l Buy CACI?
Source: SeekingAlpha
CACI International Inc saw a price increase of 5.14% as it crossed above the 5-day SMA following the announcement of a significant contract.
The company has been awarded a five-year task order valued at up to $145 million to support the U.S. Navy's Portsmouth Naval Shipyard, enhancing national security capabilities.
This contract allows CACI to provide expert support in submarine engineering, ensuring readiness and dominance in undersea warfare, which may strengthen its position in the defense sector.
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Analyst Views on CACI
Wall Street analysts forecast CACI stock price to rise
9 Analyst Rating
8 Buy
1 Hold
0 Sell
Strong Buy
Current: 633.210
Low
675.00
Averages
737.25
High
800.00
Current: 633.210
Low
675.00
Averages
737.25
High
800.00
About CACI
CACI International Inc (CACI) is a holding company, which operates through its subsidiaries located in the United States and Europe. It is a provider of expertise and differentiated technology to customers in support of national security in the intelligence, defense, and federal civilian sectors. Its segments include Domestic Operations and International Operations. The Domestic Operations segment provides expertise and technology to U.S. federal government agencies. The International Operations segment provides expertise and technology to international government and commercial customers. It provides a diverse mix of IT services and proprietary data and software products, serving commercial and government customers throughout the United Kingdom, continental Europe and around the world. Its software offerings consist of signals intelligence (SIGINT), electronic warfare (EW), and intelligence, surveillance, and reconnaissance (ISR), across multiple domains, platforms, and customer sets.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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