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CACI International (CACI) generates news primarily through government contract awards, earnings announcements, acquisition activity, and defense program developments. As a government technology contractor specializing in national security missions, CACI's news flow reflects the defense and intelligence contracting cycle—contract wins with military branches and intelligence agencies, quarterly financial results tied to government spending patterns, and strategic acquisitions that expand technical capabilities or customer access.
Contract award announcements represent a significant portion of CACI news, as these competitive wins signal revenue growth potential and validate the company's technical capabilities in specialized areas like signals intelligence, cybersecurity, and mission software. Earnings reports provide insight into how government budget cycles and defense appropriations translate into financial performance, while acquisition announcements indicate the company's strategy for expanding into adjacent government technology markets or acquiring specialized technical talent.
For investors tracking government contracting stocks, CACI's news offers visibility into defense IT spending trends, intelligence community priorities, and the competitive landscape among defense technology providers. The company's news also reflects broader themes in government technology modernization, classified program developments, and shifts in national security priorities that drive demand for specialized contractor services.
CACI International Inc (NYSE: CACI) announces that DeEtte Gray, the President of its Business and Information Technology Solutions, has been awarded the 2022 FCW Federal 100 Award. This recognition highlights her significant contributions to U.S. Government transformation efforts, particularly in modernizing IT infrastructure and business processes. Under her leadership, CACI has executed large digital modernization contracts, enhancing productivity through Agile practices. CEO John Mengucci commended Gray's valuable expertise in government modernization.
CACI International Inc (NYSE: CACI) has secured a $138 million task order to provide engineering and maintenance support for the Tactical Communications (TACCOM) program, enhancing voice communications for U.S. Immigration and Customs Enforcement (ICE). This task order, awarded under the TACCOM II contract, expands CACI’s role in system lifecycle development and maintenance. Among other responsibilities, CACI will ensure rapid response for outages affecting ICE's portable and mobile radios, supporting the agency's modernization efforts.
CACI International Inc (NYSE: CACI) has secured a $20.4 million contract with the Defense Advanced Research Projects Agency (DARPA) for the Mission-Integrated Network Control (MINC) program. This initiative focuses on employing software-defined networking technology to enhance command and control capabilities in tactical environments. Addressing interoperability issues, network capacity constraints, and reconfiguration challenges, the MINC program aims to support military operations effectively. This award falls within CACI's third fiscal quarter of 2022.
CACI International Inc (NYSE: CACI) will participate in the Goldman Sachs Industrials and Materials Conference, with CFO Tom Mutryn hosting a 'fireside chat' on May 10, 2022, at 10:30 a.m. ET.
The event will be available via live audio webcast on the CACI Investor Relations website, with a replay accessible for 30 days post-event.
CACI employs approximately 22,000 individuals and is recognized as a leader in providing technology and expertise to government enterprises, fostering a culture of excellence.
CACI International has enhanced its DarkBlue Intelligence Suite by integrating broader access to the cryptocurrency economy through partnerships with leading crypto analytics firms. This Software-as-a-Service (SaaS) solution helps defense, law enforcement, and intelligence agencies analyze cryptocurrency transactions, vital for tracking criminal activity in the Deep Web and Dark Web. The suite supports qualified analysts in researching target groups and attributing cryptocurrency exchanges, bolstering the effectiveness of mission-critical data collection and analysis.
CACI International Inc (NYSE: CACI) announced its participation in the 2022 Wells Fargo Industrials Conference. Chief Financial Officer Tom Mutryn will engage in a fireside chat on Thursday, May 5, 2022, at 9:20 a.m. ET. A live audio webcast will be available on CACI's Investor Relations website, with a replay accessible for 30 days after the event. CACI employs approximately 22,000 individuals, providing technology and expertise to government customers. The company is recognized as a Fortune World's Most Admired Company.
CACI International reported fiscal Q3 2022 revenues of $1.6 billion, a 2.1% increase year-over-year. Net income fell to $95.4 million, a 20.7% decline, resulting in a diluted EPS of $4.04. Adjusted net income was $109.6 million, with an adjusted diluted EPS of $4.64. The company experienced short-term funding headwinds but maintains a robust backlog of $23.5 billion. Contract awards in Q3 totaled $1.2 billion, with 45% from new business. Guidance for FY22 was lowered, projecting revenues of $6.2 to $6.25 billion, reflecting ongoing challenges.
CACI International Inc has been awarded a $258 million task order to enhance its support for the Defense Agencies Initiative (DAI) under the DLA's J6 Enterprise Technology Services contract. This initiative continues CACI's work in modernizing financial management and business processes for Department of Defense (DoD) agencies. The three-year project will consolidate seven contracts, supporting 27 DoD agencies and up to 88,000 users. CACI aims to leverage advanced technologies to improve operational efficiency and has a strong history of clean audits since 2017.
CACI International Inc (NYSE: CACI) will release its fiscal 2022 third quarter financial results on April 27, 2022, after market close. A conference call is scheduled for April 28, 2022, at 8:30 AM ET for management to discuss the results, followed by a Q&A session. Investors can access the call and supporting materials on CACI’s investor relations website. CACI employs approximately 22,000 professionals and is recognized as a Fortune World's Most Admired Company, consistently delivering strong shareholder value.
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