What CACI International's (CACI) Latest Defense Contract Means for Investors

CACI International Inc. (NYSE:CACI) is one of the best defense stocks in Goldman Sachs’ portfolio. On October 10, the company announced it had received a 5-year contract from the US Department of the Air Force, valued at over $73 million. As per the contract, CACI will continue the modernization of the department’s Integrated Broadcast Services–Network Services (IBS-NS) platform. The company’s work supports the secure transmission of time-sensitive tactical and strategic intelligence across air, ground, and space domains.

Under the contract, CACI International Inc. (NYSE:CACI) will utilize its software-defined network technology to strengthen the IBS-NS platform, which currently supports more than 500 data exchange interfaces and is considered a critical component of U.S. situational awareness infrastructure.

On the critical nature of the contract, John Mengucci, CACI President and Chief Executive Officer, stated:

“At the tactical edge, warfighters need near-real-time, properly vetted military intelligence to improve situational awareness, make critical decisions, and ensure successful mission outcomes. Based on our intrinsic experience and knowledge, we are uniquely qualified to deploy software-defined solutions that broaden network capabilities for the Air Force, enabling them to simultaneously consume information at various levels of classification while acting with the urgency and precision necessary to bolster national security and maintain superiority.”

CACI International Inc. (NYSE:CACI) provides enterprise IT, data analytics, cyber technology, and intelligence solutions to government agencies. These solutions assist their customers in both offensive and defensive operations, as well as in the defense of critical infrastructure.

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