CACI Completes Acquisition of SA Photonics

Rhea-AI Summary

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.

Positive

• Acquisition of SA Photonics expands CACI's technology and expertise in free-space optical communications.
• Strengthens CACI's market position to serve high-end flight programs and proliferated low-earth-orbit markets.
• Addition of facilities in California and Florida enhances manufacturing capabilities.
• Recent key wins with NASA and Intelligence Community support growth potential.

Negative

• None.

Expands CACI’s world-class portfolio of free-space optical communications expertise and technology for U.S. Government and commercial customers

RESTON, Va.--(BUSINESS WIRE)-- CACI International Inc (NYSE: CACI) announced today that it has completed its acquisition of SA Photonics, Inc., a leading provider of innovative multi-domain photonics technologies for free-space optical (FSO) communications.

CACI’s Photonic Solutions group has decades of leadership in photonic design services, product development, and delivery of FSO communications and light detection and ranging (LiDAR) sensing solutions. With the complementary acquisition of SA Photonics and recent key wins with NASA, the Intelligence Community (IC), and the proliferated low-earth-orbit (LEO) market, the combined portfolios bring a rare alliance of research and development (R&D) innovation and scaled manufacturing capabilities.

Together, CACI’s Photonic Solutions and SA Photonics will address a broader market spanning high-end manned flight programs to the value based proliferated LEO market that the Space Development Agency (SDA) and the U.S. Space Force are seeking. CACI will offer the most advanced photonics engineering and manufacturing capabilities in the U.S. by adding two major facilities in California and Florida to its existing footprint in New Jersey.

John Mengucci, CACI President and Chief Executive Officer, said, “Together, our combined transformative technology and advanced manufacturing enables us to deliver innovation in laser communications for customers ranging from national security to human spaceflight and across all domains.”

Gibson, Dunn & Crutcher served as legal counsel to CACI in the transaction. Jefferies LLC served as exclusive financial advisor to SA Photonics and King & Spalding LLP served as legal advisor in connection with the transaction.

About CACI

CACI’s approximately 22,000 talented employees are vigilant in providing the unique expertise and distinctive technology that address our customers’ greatest enterprise and mission challenges. Our culture of good character, innovation, and excellence drives our success and earns us recognition as a Fortune World's Most Admired Company. As a member of the Fortune 500 Largest Companies, the Russell 1000 Index, and the S&P MidCap 400 Index, we consistently deliver strong shareholder value. 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, 2021, 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-Acquisition

View source version on businesswire.com: https://www.businesswire.com/news/home/20211216005812/en/

Corporate Communications and Media:

Jody Brown, Executive Vice President, Public Relations

(703) 841-7801, jbrown@caci.com

Investor Relations:

Daniel Leckburg, Senior Vice President, Investor Relations

(703) 841-7666, dleckburg@caci.com

Source: CACI International Inc

FAQ

What is the significance of CACI's acquisition of SA Photonics?

The acquisition enhances CACI's free-space optical communications capabilities, positioning it to serve both government and commercial sectors more effectively.

How will the acquisition of SA Photonics impact CACI's market reach?

It will allow CACI to address a broader market, including high-end aerospace programs and low-earth-orbit projects for the U.S. Space Force.

What facilities has CACI added due to the acquisition?

CACI has added major facilities in California and Florida, complementing its existing operations in New Jersey.

Which key customers has CACI won contracts with recently?

CACI has secured important contracts with NASA and the Intelligence Community, indicating strong future potential.