CACI International
Compare CACI International…Defense + intelligence services. Software-defined network architectures, signals intelligence, cyber operations, ISR exploitation. Strong DIA/NSA backlog.
SectorsDefense
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CACI InternationalDefense + intelligence services. Software-defined network architectures, signals intelligence, cyber operations, ISR exploitation. Strong DIA/NSA backlog.
| Year | Target | Price / Revenue at Acquisition | Capability + Segment | |
|---|---|---|---|---|
| FY 2020 | LinQuest | ~$110M / ~$50M revenue | Space + EW + cyber engineering services | |
| FY 2021 | SA Photonics | Not disclosed | Free-space optical communication for space + tactical comms | |
| FY 2022 | ID Technologies + ARETE Associates | ARETE ~$320M / ~$150M revenue | Tactical comms + advanced sensors + maritime ISR | |
| FY 2023 | BITS (assets from CTS Engineering) | ~$190M | Mission-critical software-defined networking for IC | |
| FY 2024 | Mastodon Design + Applied Insight (advanced sensors) | Combined ~$300M | Counter-UAS + AI-enabled cyber operations + IC platforms | |
| FY 2025 (projected) | Continued tuck-in pipeline; 1-2 deals targeted | ~$200-400M aggregate annual deployment | Continued IC + EW + cyber capability expansion | |
| Editorial. Why this matters | Strategic context | CACI's M&A cadence has been the primary growth mechanism for 15+ years. The marquee question: does the post-2024 fiscal environment (rates + CFIUS + anti-trust) constrain CACI's traditional tuck-in cadence? If so, organic growth becomes the binding constraint + the firm's premium-multiple positioning is at risk. If the deal cadence persists, the structural compounding story continues. |
| Customer / Mission Area | FY 2023 Revenue | FY 2024 Revenue + Direction | |
|---|---|---|---|
| Department of Defense (DoD) | ~$4.7B (~67%) | ~$5.2B (~67%); growth from EW + cyber + tactical comms | |
| Federal Civilian agencies | ~$1.0B (~14%) | ~$1.1B (~14%); continuing modernization work | |
| Intelligence Community (IC) | ~$1.2B (~17%) | ~$1.3B (~17%); classified SIGINT + cyber growth | |
| Commercial + International + Other | ~$140M (~2%) | ~$130M (~2%); commercial international remains small share | |
| Expertise (advisory + engineering services) | ~$5.0B; ~70% of total | ~$5.5B; ~71% of total | |
| Technology (mission-critical IT products) | ~$2.1B; ~30% of total | ~$2.2B; ~29% of total | |
| Editorial. Why this matters | Strategic context | CACI's classified-program portfolio (IC + DoD SIGINT + EW) is structurally less price-competitive than open-bid federal IT services. The marquee question: as next-gen EW programs (COMPASS CALL re-host + BEAGLE + Spectrum Convergence) + IC modernization continue scaling, does CACI maintain 8-10% organic growth versus the 3-5% federal IT services baseline? |
2021-Q2-2026-Q1
2021-Q2-2026-Q1
1994-2025
$CACI
Defense + intelligence services. $7.7B FY2024 revenue. Software-defined network architectures, signals intelligence, cyber operations, ISR exploitation. Strong DIA/NSA backlog.
Key Milestones
Herb Karr and Harry Markowitz (Nobel laureate economist) found California Analysis Center Inc in Santa Monica to commercialize SIMSCRIPT simulation language developed at RAND. IPO 1968.
CACI interrogators implicated in Abu Ghraib prisoner abuse scandal; Saleh v. Titan/CACI litigation continues into 2020s, ultimately $42M jury verdict 2024 against CACI for ATCA violations.
Acquires LGS Innovations for $750M and MASTOR for $225M; major SIGINT + photonics push
TLS-BCT (Terrestrial Layer System-Brigade Combat Team) wins prime delivery of Army integrated SIGINT/EW
Optical communications photonics business expands with $130M acquisition; SDA-style ISL terminal supply
Wins T2C2 Inc 2 (Tropo-Scatter for SATCOM resilience) contract worth ~$408M; counter-jamming comms
Backlog reaches record $34B; intelligence community + Cybercom + Army EW support drive growth
Wins Spectral Awareness Threat Capability (SATC) Air Force EW prime contract; portfolio balance shifts toward higher-margin product lines.
