CACI International Awarded $124M Canadian Armed Forces Contract for Counter-Drone Systems

CACI International Inc. (NYSE:CACI) is one of the best IT stocks to invest in according to hedge funds. On August 25, CACI International announced it was awarded 2 contracts with the Canadian Armed Forces/CAF. These contracts are part of the second phase of the Counter Uncrewed Aircraft System/C-UAS Urgent Operational Requirement/UOR.

The contracts, with a total value of ~$124 million, will provide a light-armored tactical C-UAS vehicle platform and up to 10 years of support. The new technology aims to protect Canadian Armed Forces personnel from the increasing threat of hostile small UAS.

CACI’s software-defined C-UAS systems will be modular, tailorable, and scalable, and they will be fully compatible with a dismounted omnidirectional 360-degree system. This capability allows them to detect, define, deny, degrade, and defeat drone threats from every angle. CACI was previously awarded the first phase of this contract in 2024.

CACI International Inc. (NYSE:CACI) provides expertise and technology solutions internationally. The company offers its products and services to national security in the intelligence, defense, and federal civilian sectors.

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Disclosure: None. This article is originally published at Insider Monkey.