CACI Awarded $273 Million Task Order to Continue Providing Intelligence Expertise to the United States Central Command (USCENTCOM)

Rhea-AI Summary

CACI International Inc (NYSE: CACI) has been awarded a $273 million task order to continue providing intelligence expertise to the United States Central Command (USCENTCOM). The five-year contract, awarded through the U.S. Army Intelligence and Security Command (INSCOM), involves CACI's intelligence analysts assisting in safeguarding U.S. forces from foreign adversarial threats.

Under the Combined CENTCOM Competitive Task Order (C3TO), CACI will provide USCENTCOM with intelligence, security operations, all-source and identity intelligence, biometric-related analysis, and production supporting tasks. This ensures decision-makers have essential intelligence, surveillance, and reconnaissance (ISR) resources and actionable analysis.

Positive

• Secured a $273 million task order for intelligence services
• Five-year contract duration provides stable revenue stream
• Continuation of existing partnership with USCENTCOM and INSCOM
• Expands CACI's role in providing critical intelligence and security services

Negative

• None.

Insights

Financial Analyst

The $273 million task order awarded to CACI International represents a significant contract win, reinforcing the company's strong position in the defense intelligence sector. This five-year contract provides a stable revenue stream, enhancing CACI's financial outlook. The renewal of this long-standing partnership with USCENTCOM demonstrates CACI's ability to retain high-value clients, a key factor for investors to consider. While the $273 million figure is substantial, it's important to contextualize this within CACI's overall revenue, which was $6.2 billion in fiscal year 2021. This contract contributes approximately 0.88% to annual revenue, assuming even distribution over five years. The steady nature of government contracts like this one can provide a buffer against market volatility, potentially making CACI an attractive option for investors seeking stability in the defense sector.

Defense Intelligence Expert

CACI's continued engagement with USCENTCOM underscores the critical nature of intelligence support in modern military operations. The contract's focus on multi-faceted intelligence solutions, including all-source intelligence, biometric analysis and ISR resources, reflects the evolving complexity of global threats. CACI's ability to provide comprehensive intelligence support, from threat mitigation to future preparedness, positions them as a key player in shaping U.S. military strategy in the Central Command area of responsibility. The emphasis on delivering an "information advantage" aligns with the growing importance of data-driven decision-making in military operations. This contract not only solidifies CACI's role in current operations but also suggests their involvement in developing cutting-edge intelligence capabilities, potentially leading to future opportunities in the rapidly evolving defense technology landscape.

Market Research Analyst

This contract renewal signals strong market confidence in CACI's intelligence capabilities, potentially boosting investor sentiment. The defense intelligence market is projected to grow significantly, driven by increasing global security threats and technological advancements. CACI's long-standing relationship with USCENTCOM, spanning over two decades, provides a competitive edge in this growing market. The company's ability to swiftly assemble and deploy analysts demonstrates operational agility, a important factor in securing and maintaining government contracts. However, investors should note the potential risks associated with government contracting, such as budget cuts or shifts in defense priorities. The contract's focus on emerging areas like biometric analysis and identity intelligence aligns with industry trends, suggesting CACI is well-positioned to capture future market opportunities in these high-growth segments of the defense intelligence sector.

RESTON, Va.--(BUSINESS WIRE)-- CACI International Inc (NYSE: CACI) announced today that it has won a five-year task order valued at up to $273 million to continue providing intelligence expertise to the United States Central Command (USCENTCOM). Awarded through the U.S. Army Intelligence and Security Command (INSCOM), CACI’s leading intelligence analysts will assist in safeguarding U.S. forces from foreign adversarial threats.

“CACI remains a steadfast and trusted partner to INSCOM and USCENTCOM backed by over two decades of intelligence support experience, extensive expertise, and the ability to swiftly assemble and deploy analysts and operational support whenever needed,” said John Mengucci, CACI President and Chief Executive Officer. “We don’t just mitigate threats as they develop, we also prepare for those that lie ahead. Our broad, multi-faceted solutions will help our customers thwart complex global threats and deliver an information advantage empowering accurate decisions that advance mission success.”

Under the Combined CENTCOM Competitive Task Order (C3TO), CACI will continue to provide USCENTCOM with intelligence, security operations, all-source and identity intelligence, biometric-related analysis, and production supporting tasks ensuring decision makers have essential intelligence, surveillance, and reconnaissance (ISR) resources and actionable analysis.

About CACI

At CACI International Inc (NYSE: CACI), our 24,000 talented and dynamic employees are ever vigilant in delivering distinctive expertise and differentiated technology to meet our customers’ greatest challenges in national security. We are a company of good character, relentless innovation, and long-standing excellence. Our culture drives our success and earns us recognition as a Fortune World's Most Admired Company. CACI is a member of the Fortune 1000 Largest Companies, the Russell 1000 Index, and the S&P MidCap 400 Index. For more information, visit us at www.caci.com.

There are statements made herein which do not address historical facts, and therefore could be interpreted to be forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. Such statements are subject to factors that could cause actual results to differ materially from anticipated results. The factors that could cause actual results to differ materially from those anticipated include, but are not limited to, the risk factors set forth in CACI’s Annual Report on Form 10-K for the fiscal year ended June 30, 2024, and other such filings that CACI makes with the Securities and Exchange Commission from time to time. Any forward-looking statements should not be unduly relied upon and only speak as of the date hereof.

CACI-Contract-News-Business Wire

View source version on businesswire.com: https://www.businesswire.com/news/home/20240919088458/en/

Corporate Communications and Media:

Lorraine Corcoran

Executive Vice President, Corporate Communications

(703) 434-4165, lorraine.corcoran@caci.com

Investor Relations:

George Price

Senior Vice President, Investor Relations

(703) 841-7818, george.price@caci.com

Source: CACI International Inc

FAQ

What is the value of CACI's new task order with USCENTCOM?

CACI has been awarded a task order valued at up to $273 million to provide intelligence expertise to the United States Central Command (USCENTCOM).

How long is the duration of CACI's new contract with USCENTCOM?

The task order awarded to CACI is for a five-year period.

What services will CACI provide under the new USCENTCOM contract?

CACI will provide intelligence, security operations, all-source and identity intelligence, biometric-related analysis, and production supporting tasks to USCENTCOM.

Through which agency was CACI's USCENTCOM contract awarded?

The task order was awarded through the U.S. Army Intelligence and Security Command (INSCOM).