CACI International Inc. announced a five‑year, single‑award task order worth up to $416 million to provide technology to the U.S. Navy’s Naval Sea Systems Command (NAVSEA) under the Navy Maritime Maintenance Enterprise Solution (NMMES) program. The contract, which began on August 14 2024, is part of the SeaPort‑Next Generation (NxG) contracting vehicle and will deliver cloud‑first, enterprise‑wide IT infrastructure and application modernization for the Navy’s ship and submarine maintenance operations.
The award reinforces CACI’s position as a key technology partner for the Department of Defense. The $416 million contract is expected to generate steady revenue over the next five years, adding to a backlog that already exceeds $31 billion. In the most recent quarter, CACI reported revenue of $2.3 billion, up 11.2% year‑over‑year, and an EBITDA margin of 11.7%, indicating that the company’s operating leverage and cost discipline are translating into healthy profitability. The new contract is projected to support continued margin expansion by adding high‑margin technology services to CACI’s portfolio.
John Mengucci, CACI’s President and CEO, said the company is proud to extend its more than six‑decade relationship with the Navy. “Modernizing the Navy’s IT systems empowers them to make data‑driven decisions, optimize resource allocation, and quickly implement critical capabilities to protect our coasts,” he said. Mengucci added that CACI’s deep understanding of Navy requirements and proven past performance position the company to deliver exceptional value to this critical mission.
Investors reacted positively to the announcement, citing the contract’s alignment with CACI’s long‑term growth strategy and the company’s strong financial footing. Analysts noted that the award adds a predictable revenue stream to a business that has already demonstrated double‑digit revenue growth and a robust backlog, reinforcing confidence in CACI’s ability to capture future defense contracts.
The contract underscores the Navy’s broader modernization effort to transition legacy systems to a unified, cloud‑first enterprise solution. For CACI, the win signals continued success in securing large, long‑term government IT contracts and strengthens its competitive position against other defense contractors in the high‑growth technology services space.
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