CACI International Inc. secured a five‑year task order worth up to $145 million from the U.S. Navy Portsmouth Naval Shipyard (PNS) Engineering and Planning Department. The order covers engineering and support services across undersea disciplines, including modernization, maintenance, and repair of Navy submarines and submersibles, planning for the Ships Availability Planning and Engineering Center, technical support to the Deep Submergence Systems Program, and depot‑level submarine maintenance at PNS.
The award builds on a more than three‑decade partnership between CACI and PNS. The shipyard, a critical hub for nuclear‑powered submarine upkeep, is undergoing a $20 billion modernization program, and CACI’s expertise in complex engineering and planning is essential to keep the fleet ready. A prior $83.1 million task order in March 2020 demonstrated the company’s proven track record in this domain, and the new contract extends that relationship into the next half‑decade.
Strategically, the task order reinforces CACI’s focus on high‑margin, technology‑driven defense solutions. Submarine modernization requires advanced systems integration, data analytics, and cyber‑security—areas where CACI has invested heavily. By securing this contract, the company not only locks in a steady revenue stream but also deepens its capabilities in a high‑value, high‑margin segment of the defense market.
Financially, the order adds to CACI’s backlog, which stood at $31.6 billion at the end of fiscal 2024. The company’s Q3 FY2025 revenue of $2.2 billion, up 11.8% YoY, and an EBITDA margin of 11.7% illustrate the profitability of its defense contracts. Management’s recent guidance for FY2025—revenue between $8.55 billion and $8.65 billion—was raised in Q3, reflecting confidence in continued demand for high‑margin defense services such as this task order.
CEO John Mengucci said the company remains a “trusted provider” for the Navy’s submarine warfare community, emphasizing its ability to deliver “mission‑critical results that are on time, on budget, and built to the highest standards.” The quote underscores CACI’s commitment to execution excellence and its role in supporting national security priorities.
Analysts continue to view CACI as a solid performer in the defense sector, citing its strong backlog, recurring revenue from long‑term contracts, and focus on technology‑enabled solutions. The company’s track record of beating earnings expectations—such as the Q3 FY2025 EPS beat of $0.24—reinforces confidence in its operational discipline and pricing power.
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