CACI INTERNATIONAL CLA (CACI)
CACI International is a professional services and information technology company that provides solutions to government and commercial clients. Founded in 1962, it specializes in areas such as cybersecurity, intelligence, enterprise IT, and mission support, primarily serving U.S. government agencies and departments.
Company News
CACI reported strong earnings, but investors were more focused on the uncertainty created by the new administration's effort to streamline government. The company believes it can be part of the answer, but investors are worried about potential changes in the way contracting is done, such as a shift from cost-plus to fixed-price contracts.
CACI International is acquiring Azure Summit Technology for $1.275 billion, enhancing the company's Department of Defense capabilities through Azure Summit's advanced radio frequency technology and engineering expertise.
Garmin (GRMN) launches a smart cycling computer, namely Edge 1050, to strengthen offerings for cyclists.
Stifel resumes coverage of eight companies in the U.S. government space and initiates a ninth as the sector eyes a 'worsening threat environment'
