CACI Secures $212 Million Contract for U.S. Space Force Network Modernization
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 2h ago
0mins
Source: Businesswire
- Significant Contract Value: CACI has been awarded a five-year task order valued at up to $212 million to deliver software-defined enterprise-level network modernization for the U.S. Space Force, ensuring reliable and secure base area network capabilities that scale with mission-critical demands.
- Infrastructure Transformation: This initiative will spearhead the transformation and unification of legacy network infrastructures across 14 Space Force installations, enhancing mission success through improved infrastructure sustainability and visibility.
- Accelerated Technological Innovation: By providing modern infrastructure that supports high-bandwidth and high-security operations, CACI ensures connectivity in contested environments, further solidifying its leadership position in the national security sector.
- Strategic Commitment to Collaboration: CACI's CEO emphasized the company's close partnership with the U.S. Space Force, showcasing its capability to address evolving threats and aiming to drive continuous advancements in national security through innovation.
Analyst Views on CACI
Wall Street analysts forecast CACI stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for CACI is 657.88 USD with a low forecast of 600.00 USD and a high forecast of 759.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
10 Analyst Rating
9 Buy
1 Hold
0 Sell
Strong Buy
Current: 539.010
Low
600.00
Averages
657.88
High
759.00
Current: 539.010
Low
600.00
Averages
657.88
High
759.00
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.
