CACI Wins $113M Navy Contract to Modernize Military Sealift Command Systems
CACI is trading near its 52-week low of $434.7 (6.5% above the low).
Summary
CACI secured a five-year, $113 million contract to modernize the U.S. Navy Military Sealift Command's business systems. The work spans program management, engineering, software development, cloud, and cybersecurity, with AI and automation integration. This follows a $308 million VA contract awarded last week, reinforcing a strong pipeline of government IT modernization wins. The contract adds roughly 1% to annual revenue based on recent run rates, a modest but steady contributor. With the company already executing on large acquisitions and organic growth, this win supports the defense technology narrative.
At the time of this announcement, CACI was trading at $462.85 on NYSE in the Industrial Applications And Services sector, with a market capitalization of approximately $10.2B. The 52-week trading range was $434.70 to $683.50. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Dow Jones Newswires.