RESTON, Va. - CACI International Inc (NYSE: NYSE:CACI), a technology company with a market capitalization of $10.2 billion, has been awarded a five-year contract by the National Geospatial-Intelligence Agency (NGA) to provide artificial intelligence and geospatial expertise. The contract, which falls under the Luno-A multi-award indefinite delivery, indefinite quantity vehicle, is valued at up to $290 million. According to InvestingPro data, CACI has demonstrated strong revenue growth of 13% in the last twelve months, positioning it well for this new contract.
The company will support the NGA with comprehensive geospatial products, utilizing CACI-developed AI tools. These tools are designed to integrate seamlessly into analyst workflows, enhancing the efficiency of geospatial intelligence (GEOINT) processes. CACI's AI solutions will assist in change detection, object recognition, and monitoring, and will provide automated alerts and analysis. The aim is to deliver geospatial AI, machine learning, and computer vision expertise to facilitate NGA's mission-critical decisions with timely data.
John Mengucci, President and CEO of CACI, emphasized that the company's investment in AI tools over the years has positioned them to meet the NGA's requirements effectively. The contract will involve running source material through CACI's AI models to identify items of interest and analyze activity and changes over time, all at an unclassified level.
CACI International Inc is known for its significant presence in the national security sector, with 24,000 employees dedicated to delivering specialized technology and expertise. The company is recognized as a Fortune World's Most Admired Company and is listed on the Fortune 1000 Largest Companies, the Russell 1000 Index, and the S&P MidCap 400 Index.
This press release contains forward-looking statements which are based on current expectations and projections about future events. Investors are cautioned that such forward-looking statements involve risks and uncertainties that may affect the company's business prospects and performance. These risks and uncertainties are detailed in CACI's most recent Annual Report on Form 10-K for the fiscal year ended June 30, 2024, and other filings with the Securities and Exchange Commission. Based on InvestingPro analysis, CACI currently trades close to its Fair Value, with analysts projecting earnings per share of $23.99 for fiscal year 2025.
The information reported is based on a press release statement from CACI International Inc.
In other recent news, CACI International has experienced several noteworthy developments. The company reported an 11% increase in Q1 revenue for fiscal year 2025, reaching nearly $2.1 billion, leading to an increase in its revenue guidance for FY 2025 to between $8.1 billion and $8.3 billion. Jefferies estimates that CACI's earnings per share could land between $28.00 and $28.50 by Fiscal Year 2027.
In terms of mergers, CACI recently completed the acquisition of Azure Summit Technology, LLC for a total cash consideration of $1.275 billion. The company also secured a $750 million Term Loan B Facility, which was instrumental in partially funding this acquisition.
On the analyst front, Barclays (LON:BARC) increased its price target for CACI to $625 due to the company's promising three-year forecast. Jefferies and TD Cowen also raised their price targets to $570, citing strong Q1 performance and significant awards.
In other company news, CACI has been awarded a five-year task order from the U.S. Southern Command Operations, valued at up to $226 million. These recent developments underscore CACI International's strategic efforts to enhance its financial standing and operational efficiency.
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