CACI contract award brings ‘significant opportunity,’ says William Blair

William Blair keeps an Outperform rating on CACI after the company announced it was awarded a $1.3B, five-year task order to continue to provide information technology expertise to U.S. European Command and U.S. Africa Command. The firm is under the impression the contract replaces an existing contract that was generating revenue at less than $45M per year. The firm says the new ceiling presents “significant opportunity” for CACI to expand the revenue run-rate, as the company provides consulting for zero-trust cybersecurity and JADC2 integration. This award appears to be different from the recent $1.3B award from the Defense Finance and Accounting Service agency, the analyst tells investors in a research note.