Fly News Breaks for May 9, 2019
May 9, 2019 | 05:34 EDT
Goldman Sachs analyst Gavin Parsons started CACI International with a Buy rating and $260 price target. The analyst anticipates the company's pivot to bundled products and solutions will drive faster and more sustainable revenue growth and greater margin expansion. He initiated coverage of US Government IT & Services with a favorable outlook on the sector. Parsons believes we are in the "sweet-spot" of a Defense budget upturn and expects the sector to outperform the market, with "multiple years" of growth ahead.
News For CACI From the Last 2 Days
Jun 18, 2019 | 08:18 EDT
CACI announced it has secured an $880M task order to provide information technology, or IT, and engineering services to the U.S. Army's Product Lead Reserve Component Automation System-Force Management System. The task order, made under the U.S. General Services Administration's Alliant 2 contract vehicle, represents continuing work for CACI and expansion to support the Army's vision for global force information management.