CACI INTERNATIONAL INC /DE/ (CACI)

CACI International Inc is a Delaware holding company, founded in 1962 as a simulation technology company, whose operations are conducted through subsidiaries primarily located in the United States and Europe. It describes itself as a leading provider of Expertise and Technology to Enterprise and Mission customers, supporting national security missions and government modernization in the intelligence, defense, and federal civilian sectors, both domestically and internationally. Enterprise capabilities enable the internal operations of a government agency, while Mission capabilities enable the execution of an agency's primary function.

CACI reports two segments, Domestic Operations and International Operations. Domestic Operations accounted for 96.9% of revenues in fiscal 2022, and International Operations for 3.1%. Domestic offerings are organized into market areas: Digital Solutions (application, infrastructure and business process modernization, and data analytics); C4ISR, Cyber & Space (command, control, communications and computer networks, cyber, electronic warfare, counter-UAS, 5G, and free space optical communications); Engineering Services (platform integration, modernization and sustainment, systems engineering, naval architecture, training and simulation, and logistics engineering); Enterprise IT (secure enterprise IT and cloud solutions for approximately 50 federal agencies); and Mission Support (intelligence analysis, including in 50 languages, investigation and litigation support, and supply chain support). Technology offerings include software development at scale, advanced data platforms and AI-enabled analytics, ERP and COTS system implementation, and cyber defense. The company invests in research and development to create proprietary intellectual property. Internationally, CACI Limited and CACI BV provide IT services and proprietary data and software products.

Customers are primarily U.S. government defense, intelligence and civilian agencies, along with foreign governments and commercial enterprises. The international commercial base consists mainly of large commercial and government enterprises in the U.K. Business is won largely through formal competitive bids, with contract types including fixed-price, cost reimbursement, time-and-materials, IDIQ and GWACs such as GSA schedule contracts. U.S. government contracts generally allow termination for convenience. The top ten contracts represented 35.7% of fiscal 2022 revenues, or $2.2 billion. Demand is driven by increasingly complex network, systems and information environments and the need to adopt emerging technology while improving security and productivity.

CACI competes in a highly competitive industry with many firms, some larger and better resourced, as well as non-traditional entrants in cloud, cyber, satellite operations and business systems, and indirectly with government agencies performing similar work in-house. It sees no single dominant competitor and aims to grow organically and through acquisitions, completing eight over the past three fiscal years, including Ascent Vision Technologies in fiscal 2021. As a systems integrator, it relies on third-party software, data and technology under license agreements, and it holds patents, trademarks and trade secrets, though it is not materially dependent on them. It employed approximately 22,000 people as of June 30, 2022, and operates a collaboration facility called the CRADLE. Its international operations are headquartered in London.