Caci Intl Inc Stock Price, News & Analysis

CACI International Inc (NYSE: CACI) recently celebrated the achievements of 10 employees at the 2022 Black Engineer of the Year Awards (BEYA) held in Washington D.C. from February 17-19. Notable recognition includes Notashia Thomas receiving the Dr. Eugene M. DeLoatch Legacy Award for her STEM outreach efforts. Additionally, nine employees earned the Outstanding Achievement Award for their contributions to STEM. CACI's sponsorship of the event highlights its commitment to diversity, inclusion, and workforce innovation, benefitting over 10,000 participants.

CACI International Inc (NYSE: CACI) announced its participation in the Barclays Industrial Select Conference. CEO John Mengucci will take part in a fireside chat on February 23, 2022, at 3:00 p.m. ET. A live audio webcast will be available on the CACI Investor Relations website and will remain accessible for 30 days post-event. CACI boasts approximately 22,000 employees, recognized as a Fortune World's Most Admired Company, and is a member of the Fortune 500, Russell 1000 Index, and S&P MidCap 400 Index.

CACI International Inc (NYSE: CACI) has delivered a free-space optical modem for the Integrated Laser Communications Relay Demonstration (LCRD) program to MIT Lincoln Laboratory. This modem will enhance high-bandwidth optical communication between the International Space Station and Earth via the LCRD mission satellite. Scheduled for launch in 2023, the ILLUMA program aims to revolutionize data transmission rates, boasting speeds 10 to 100 times faster than traditional radio frequencies. CACI's technology, combined with its recent acquisition of SA Photonics, positions it as a leader in advanced laser communications.

CACI International Inc (NYSE: CACI) announced its participation in the Cowen 43rd Annual Aerospace/Defense & Industrial Conference on February 10, 2022, at 8:30 a.m. ET. CACI's President and CEO, John Mengucci, will engage in a fireside chat during the event. Investors can access a live audio webcast via the CACI Investor Relations website, with a replay available for 30 days. CACI is known for its expertise and technology, employing approximately 22,000 people and recognized as a Fortune World's Most Admired Company.

CACI International has acquired ID Technologies for $225 million, enhancing its secure network modernization capabilities. The acquisition, closing on December 29, 2021, allows CACI to provide U.S. Government clients with advanced solutions compliant with NSA standards. This strategic move aims to bolster CACI's offerings for the Department of Defense and intelligence agencies, facilitating digital transformation and remote access. CEO John Mengucci emphasized the potential for increased end-user mobility and technology integration for national security.

CACI International reported fiscal Q2 2022 revenues of $1.5 billion, up 1.2% year-over-year, with net income at $90.3 million and diluted EPS of $3.83. Adjusted net income decreased 13.2% to $103.6 million, and adjusted diluted EPS dropped 6.4% to $4.39. The company secured $2.0 billion in contract awards, including $600 million in classified contracts. CACI's backlog grew 8% to $24.1 billion. Despite robust performance, declines in income from operations and cash flow were noted due to several factors, including higher interest expenses.

CACI International Inc has secured a five-year task order worth $514 million to modernize outside plant (OSP) infrastructure for the U.S. Army, enhancing capabilities for high-speed voice, video, and data networks. This task order involves upgrading at least 40 military installations across the U.S. and will utilize CACI's advanced network modernization capabilities. The project underscores CACI's commitment to delivering reliable network solutions, aiming for maximized infrastructure efficiency and reduced downtime for Army communications.