Caci Intl Inc Stock Price, News & Analysis

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.

CACI International Inc (NYSE: CACI) will announce its fiscal 2022 second quarter financial results on January 26, 2022, after market close. A conference call is scheduled for the following morning, January 27, 2022, at 8:30 AM ET, where senior management will discuss the results and conduct a Q&A session. CACI is recognized for delivering expertise and technology to government enterprises and has approximately 22,000 employees. The company continues to be included in major indices like the Fortune 500 and the S&P MidCap 400 Index.

CACI International Inc has completed its acquisition of SA Photonics, Inc., enhancing its capabilities in free-space optical communications. The acquisition will expand CACI's portfolio and allow it to tackle a broader market, including high-end manned flight and low-earth-orbit projects for the U.S. Space Force. With the addition of key facilities in California and Florida, CACI aims to deliver advanced photonics engineering solutions. The transaction solidifies CACI's position in the defense and aerospace sectors, reflecting strong growth potential.

CACI International Inc (NYSE: CACI) has formed a partnership with Yubico to enhance security for its mobile platforms. Under a memorandum of understanding, Yubico will exclusively provide its YubiKey 5 FIPS Series multi-factor authentication (MFA) products. This collaboration aims to support U.S. government missions by providing robust security against phishing attacks and ensuring secure communications. The YubiKey series is NSA-approved for Department of Defense use, designed to meet NIST guidelines for authentication, addressing rising data breach concerns.

CACI International announced that Board Member Susan Gordon received the prestigious William H. Webster Distinguished Service Award on December 1, 2021. Gordon, a former Principal Deputy Director of National Intelligence, was acknowledged for her substantial contributions to the Intelligence Community, including efforts to enhance integration and promote diversity. Gordon joined CACI's Board in 2020, bringing over 30 years of leadership experience. The award honors individuals who have made extraordinary contributions to the Intelligence Community, named after Judge William H. Webster, the only person to serve as both CIA and FBI Director.

CACI International Inc (NYSE: CACI) announced a five-year task order worth $80.5 million from the U.S. Naval Surface Warfare Center, focused on enhancing aircraft mission systems for Counter Unmanned Aircraft Systems (C-UAS). The project aims to modernize both manned and unmanned platforms, including various U.S. military aircraft, developing next-gen technology for ISR and electronic warfare. CACI highlights its extensive experience and capabilities in addressing national security threats.