RESTON, Va. – CACI International Inc (NYSE: CACI) has been awarded a five-year task order valued at up to $80 million to provide ongoing engineering support to the U.S. Navy's Naval Sea Systems Command (NAVSEA) Naval Surface Warfare Center (NSWC) Corona Division, the company announced today.
This contract extends CACI's commitment to ensuring the U.S. Navy's surface ships, submarines, and aircraft carriers maintain a high level of readiness and reliability. As part of the Acquisition Readiness & Performance Assessment (ARPA) Engineering Support Services task order, CACI will offer expertise in conducting performance, readiness, and reliability assessments, including analyses of weapons and combat systems.
John Mengucci, President and CEO of CACI, emphasized the importance of the company's services in the context of increasing global conflicts, stating that their team's "extensive frontline knowledge will ensure fleet and submarine weapons, combat systems, and C4I capabilities stay dependable and prepared to support any mission."
CACI International, recognized as a Fortune World's Most Admired Company, is known for providing distinctive expertise and differentiated technology in national security. The company is part of the Fortune 1000 Largest Companies, the Russell 1000 Index, and the S&P MidCap 400 Index.
The press release also contains forward-looking statements subject to factors that could cause actual results to differ from anticipated results, as outlined in CACI's Annual Report on Form 10-K for the fiscal year ended June 30, 2024, and subsequent filings with the Securities and Exchange Commission.
The information reported is based on a press release statement from CACI International Inc.
In other recent news, CACI International reported a substantial 20% increase in Q4 revenue and a 14% rise for the full fiscal year, exceeding its own guidance. This robust performance was accompanied by a record $14 billion in contract awards, and the company's EBITDA reached nearly $800 million. Its free cash flow surpassed $380 million, while its backlog rose to a robust $32 billion, marking a 22% year-on-year increase.
In addition, CACI International secured a potential six-year, $239 million task order from the U.S. Army to provide intelligence analysis and operations support to U.S. forces in Europe and Africa. This contract involves the use of its DarkBlue Intelligence Suite, a platform designed to enhance situational awareness and readiness.
BofA Securities and Baird have both expressed optimism about CACI's future, with BofA Securities raising the stock's price target from $450.00 to $535.00 and maintaining a Buy rating, while Baird increased its price target to $544. These upgrades reflect CACI's strong project pipeline and the potential for securing more new contracts than anticipated.
For fiscal year 2025, CACI projects a revenue growth of 6% to 8.5%, with an expected 11% increase in free cash flow per share. The company's revenue is estimated to be between $7.9 billion and $8.1 billion, with adjusted net income projected between $505 million and $525 million.
Finally, CACI has been recognized with two Nunn-Perry Awards for its mentorship excellence under the Department of Defense (DoD) Mentor Protégé Program. The company has been honored with this award for the seventh year in a row, highlighting its commitment to fostering growth and innovation among small businesses.
InvestingPro Insights
As CACI International Inc (NYSE: CACI) secures an $80 million task order to support the U.S. Navy, the company's financial health and stock performance remain key considerations for investors. CACI's market capitalization stands at a robust $10.63 billion, reflecting the company's significant presence in the defense sector. The company's revenue has shown impressive growth over the last twelve months as of Q4 2024, with a 14.28% increase, indicating sustained demand for its services in a competitive industry.
InvestingPro data highlights CACI's P/E ratio at 25.37, which, when paired with an InvestingPro Tip, suggests that the stock is trading at a high price-to-earnings ratio relative to near-term earnings growth. This could indicate that investors are expecting higher earnings in the future or are willing to pay a premium for the company's quality and stability. Additionally, the company is trading near its 52-week high, with the price at 98.85% of the peak, demonstrating investor confidence and a strong market performance.
Investors should note that CACI does not pay dividends, focusing instead on reinvesting profits back into the company for growth and stability. This strategy has contributed to a considerable return over the last decade, as noted in another InvestingPro Tip. For those looking for more insights, additional InvestingPro Tips are available, which can further inform investment decisions regarding CACI International Inc.
For a comprehensive analysis of CACI's performance and future outlook, including a total of 11 InvestingPro Tips, investors can visit https://www.investing.com/pro/CACI.
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