CACI International Bags GSA Contract - Analyst Blog
March 12 2012 - 6:15AM
Zacks
CACI International
Inc. (CACI) recently announced that it has received a $78
million contract to provide infrastructure reformation services at
the U.S. Air Force Office of the Civil Engineer’s NexGen IT
program. The contract pertains to a one-year base period and four
option years.
The U.S. General Services
Administration (GSA) Federal Systems Integration and Management
Center (FEDSIM) awarded the contract to CACI International under
the GSA Alliant acquisition vehicle. This was done with the intent
of replacing its existing legacy systems with advanced and more
proficient IT infrastructure technologies.
The Civil Engineer’s Air Force
Office caters to providing a range of support services such as
leadership, policies, resources and oversight, thereby ensuring
that the Air Force buildings and utilities are always ready to
engage in battle. This contract shall ameliorate productivity,
accuracy and data transfer for better management of the Air Force
resources.
CACI International shall be
providing integration, sustainment and deployment services,
according to the contract. In addition, this venture shall not only
proliferate CACI International’s expertise in IT enterprise
solutions but also ossify its existing relationship with the U.S.
Government.
The company, however, should not
become complacent with its contract win spree as it faces stiff
competition largely from proactive companies. Recently,
Edgewater Technology, Inc. (EDGW) reported
approximately 18% annual increase in service revenues to reach
$20.8 million in its fourth quarter financial results of 2011.
Other formidable players in the industry include iGate
Corp. (IGTE) and Ebix, Inc. (EBIX).
At present we have a Neutral
recommendation on CACI International Inc. The stock currently
carries a Zacks #2 Rank, which translates into a short-term rating
of Buy.
CACI INTL A (CACI): Free Stock Analysis Report
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