CACI Supports VA's T4 Program - Analyst Blog
11 Agosto 2011 - 7:31PM
Zacks
CACI International Inc. (CACI) recently
received one of the 15 prime contracts from the Department of
Veterans Affairs (VA) for a ceiling value of $12 billion. The
contract is an indefinite delivery/indefinite quantity contract,
with a tenure of five-years.
Under the contract, the company will support VA’s Transformation
Twenty-One Total Technology (T4) program, technology and
telecommunications program. T4 will deliver a more efficient
healthcare delivery system by developing services needed to
integrate systems, networks, software, and other IT products
spanning the entire life-cycle of a system.
With the help of CACI’s information technology services, VA and
its employees will provide veterans with quick access to the
department for their specific healthcare needs, expedite service
delivery, and pace up the processing of claims.
Management stated that the company is trying to accomplish its mission
of helping the VA in the transformation of its healthcare delivery
system, and consequently, making healthcare IT a major component of
CACI’s support offerings to government customers.
CACI International delivers
IT applications and infrastructure to improve communications and
secure the integrity of information systems and networks, enhance
data collection and analysis, and thereby, increase efficiency and
mission effectiveness. The company’s solutions enhance both defense
and intelligence capabilities and ensure homeland
security.
We believe that CACI is set
for stronger growth in 2011; and its growth will be driven
both organically and through acquisitions. The company’s aggressive
acquisition strategy and new contract wins will expand its scale of
operations immensely. Furthermore, CACI has stepped up its share
repurchase program, which will boost the bottom line.
Thus, we maintain our long-term Outperform recommendation on the
stock. In the short-term (1 to 3 months) we have a Zacks #2 Rank on
the stock, which translates into a Buy rating.
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