CACI International Inc has secured a seven-year, single-award contract known as Spectral from the U.S. Navy's NAVWAR
CACI International Inc (CACI), an information technology company, announced today its successful bid for a lucrative seven-year single-award indefinite delivery indefinite quantity (IDIQ) mission technology contract. Named Spectral, this contract with the U.S. Navy's Naval Information Warfare Systems Command (NAVWAR) comes with an impressive ceiling of $1.2 billion. This significant achievement reinforces CACI's position as a key player in the defense technology sector.
Under the Spectral mission, CACI and its partner organizations will spearhead the development and deployment of cutting-edge shipboard signals intelligence (SIGINT), electronic warfare (EW), and information operations (IO) weapon systems for the U.S. Navy. The primary objective of this contract is to provide rapid capability enhancements for tactical mission operations.
John Mengucci, President and Chief Executive Officer of CACI, expressed his pride in being selected by the U.S. Navy for this critical endeavor. He highlighted CACI's strategy of investing ahead of customer needs as a key differentiator that sets them apart from competitors. This proactive approach empowers CACI to deliver the most advanced technology, driven by software solutions, in response to the ever-accelerating threats faced by the Navy.
With its renowned expertise in software development and electromagnetic spectrum capabilities, CACI plans to implement an open-architecture approach for the Spectral contract. This approach will enable continuous software enhancement and provide the Navy with state-of-the-art tools and capabilities. The aim is to support the Navy's objective of rapid, informed, and accurate decision-making, ultimately ensuring dominance in all environments and against all adversaries.
Todd Probert, President of National Security and Innovative Solutions at CACI, expressed his excitement about the forthcoming collaboration. He highlighted CACI's decades of innovative software experience and world-class Agile software development practices. Through their expertise in DevSecOps, CACI aims to converge SIGINT, Cyber, and EW into scalable, networked, and distributed warfighting capabilities. This approach ensures that the Navy remains one step ahead of evolving threats.
Join LevelFields now to be the first to know about events that affect stock prices and uncover unique investment opportunities. Choose from events, view price reactions, and set event alerts with our AI-powered platform. Don't miss out on daily opportunities from 6,300 companies monitored 24/7. Act on facts, not opinions, and let LevelFields help you become a better trader.