CACI INTERNATIONAL CLA - CACI STOCK NEWS

CACI International (NYSE: CACI) has completed the acquisition of Azure Summit Technology for $1.275 billion in an all-cash transaction. Azure Summit, with over 300 employees, specializes in radio frequency technology and electromagnetic spectrum engineering. The acquisition strengthens CACI's software-defined capabilities in signals intelligence, electronic warfare, and intelligence surveillance across maritime and airborne platforms. The company has secured a $750 million Term Loan B to support the transaction. Azure Summit's operations in Fairfax, Virginia and Melbourne, Florida expand CACI's U.S. presence.

CACI International (NYSE: CACI) announced that President and CEO John Mengucci received the 2024 Technology Good Scout Award from the Boy Scouts of America National Capital Area Council. The award, presented on Oct. 23 in Tysons, Virginia, recognizes outstanding technology industry leaders from the Washington, D.C. area who exemplify Scout values. Mengucci, a supporter of STEM education, contributes to future generations through CACI's internship program and his roles on the Northern Virginia Technology Council's board and Clarkson University's Board of Trustees.

CACI International reported strong fiscal Q1 2025 results with revenues of $2.1 billion, up 11.2% year-over-year, driven by 9.9% organic growth. Net income reached $120.2 million with diluted EPS of $5.33, up 42% YoY. Contract awards totaled $3.3 billion with nearly 75% for new business. Total backlog increased 21.3% to $32.4 billion. The company raised its FY2025 guidance, now projecting revenues of $8.1-8.3 billion. CACI completed the acquisition of Applied Insight and announced plans to acquire Azure Summit Technology.

CACI International Inc (NYSE: CACI) has announced the election of Scott C. Morrison to its Board of Directors, effective immediately. Morrison, who will serve as an independent director, brings extensive leadership experience and financial expertise to the board. He joins CACI from his most recent role as executive vice president and chief financial officer of Ball , where he had a distinguished career spanning over two decades.

Morrison's experience includes various senior positions at Ball , including treasurer, vice president, senior vice president and CFO, and interim COO for global beverage packaging. Prior to Ball, he held senior banking positions at JPMorgan Chase and NBD Bank. Currently, Morrison serves as a director for Sensient Technologies He holds a bachelor's degree in finance from Indiana University Bloomington and an MBA from Wayne State University.

CACI International Inc (NYSE: CACI) announced that Charles L. Szews has been elected by shareholders to its Board of Directors as an independent director. Szews brings extensive experience in finance, audit, operations, strategic planning, and mergers and acquisitions. His expertise in manufacturing and technology, spanning both the Department of Defense and commercial industries, is expected to provide valuable insight into scaling CACI's spectrum superiority market.

Szews previously served as CEO of Oshkosh from 2012 to 2015, and held various leadership roles within the company since 1996. He also has experience with Fort Howard and Ernst & Young. Currently, Szews serves as a director for Commercial Metals Company and Group 1 Automotive, Inc. He holds a bachelor's degree from the University of Wisconsin.

CACI International Inc (NYSE: CACI) has been awarded a five-year task order valued at up to $805 million to provide engineering support and technology to the U.S. Navy's NavalX Office. The task order falls under the Department of Defense Information Analysis Center's (DoD IAC) multiple-award contract (MAC) vehicle.

Under this task order, CACI will perform research, analysis, engineering, prototyping, and assessments to identify, develop, test, and transition modern digital tools for the Navy. The company will also connect teams with tools, training, and resources to deliver more indispensable solutions to the warfighter. These activities aim to enhance operational performance through advanced technology development and seamless integration of multi-domain systems.

CACI International Inc (NYSE: CACI) has announced its schedule for the release of its fiscal year 2025 first quarter financial results. The company will disclose these results after the market closes on October 23. Following this, CACI will host a conference call on October 24 at 8:00 a.m. Eastern time, where executive leaders will discuss the quarterly results and participate in a question-and-answer session.

Interested parties can access the call and view accompanying exhibits on CACI's Investor Relations site. For those unable to attend the live event, a replay of the call will be available on caci.com for one year following the conference.

CACI International Inc (NYSE: CACI) has acquired Applied Insight, a Northern Virginia-based portfolio company of Acacia Group, in an all-cash transaction. This acquisition aligns with CACI's mission to deliver distinctive expertise and technology for national security challenges. Applied Insight brings proven cloud migration, adoption, and transformation capabilities, along with strong customer relationships in the Department of Defense (DoD) and Intelligence Communities (IC).

CACI's President and CEO, John Mengucci, emphasized that this acquisition further establishes CACI's reputation for modernizing enterprise IT infrastructure. The combined business is expected to enhance enterprise-wide cloud, cyber, and user productivity for secure networks in the IC, accelerating decision-making and optimizing mission outcomes for analysts and warfighters globally.

CACI International Inc (NYSE: CACI) has been awarded a significant five-year task order valued at up to $314 million to provide engineering services and technology to the U.S. Navy Naval Undersea Warfare Center (NUWC). This contract falls under the Department of Defense Information Analysis Center's (DoD IAC) multiple-award contract (MAC) vehicle.

Through the NUWC Engineering and Modernization Operations (NEMO) program, CACI will focus on developing, delivering, and training sailors in important areas including integration support, logistics, project management, cyber capabilities, and analysis. These efforts aim to enhance the Navy's ability to conduct new fleet exercises, test advanced capabilities, and assess vulnerabilities to mitigate cyber intrusion risks.

CACI's CEO, John Mengucci, emphasized the importance of modernizing sensors and ensuring secure interconnectivity to provide commanders with timely situational awareness and decision-making capabilities in the face of increasingly sophisticated and widespread threats.