Accenture for the U.S. government.

The IT and professional services version of a defense contractor like Lockheed Martin.

• Enterprise IT Services: Modernizing government IT infrastructure with cloud computing, network operations, and robust cybersecurity solutions.
• C4ISR and Mission Support: Providing Command, Control, Communications, Computers, Intelligence, Surveillance, and Reconnaissance (C4ISR) capabilities and operational support for critical government missions.
• Cyber & SIGINT Solutions: Delivering advanced cybersecurity, cyber warfare, and Signals Intelligence (SIGINT) capabilities.
• Data Analytics & Software Development: Developing custom software applications and providing data science, artificial intelligence, and machine learning solutions.
• Engineering & Logistics Support: Offering systems engineering, rapid prototyping, and logistics support for complex defense and intelligence systems.

CACI International (CACI) primarily sells its information solutions and services to the **United States federal government**. Therefore, its major customers are government agencies rather than other private companies. As these are government entities, they do not have stock symbols.

CACI's major customers and customer categories include:

• United States Department of Defense (DoD): This is consistently CACI's largest customer, encompassing various branches such as the U.S. Army, U.S. Navy, U.S. Air Force, U.S. Marine Corps, and numerous defense agencies (e.g., Defense Information Systems Agency - DISA, Defense Intelligence Agency - DIA, National Geospatial-Intelligence Agency - NGA, National Security Agency - NSA).
• Federal Civilian Agencies: This broad category includes departments and agencies such as the Department of Homeland Security (DHS), Department of Justice (DOJ), Department of State, Department of Energy, Department of Veterans Affairs, and others.
• U.S. Intelligence Community (IC): While often overlapping with the DoD, the Intelligence Community represents a distinct and significant customer base for CACI, comprising various intelligence agencies.

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John S. Mengucci, President and Chief Executive Officer

John S. Mengucci is the President and Chief Executive Officer (CEO) of CACI International Inc. He joined CACI in February 2012 as Chief Operating Officer (COO) of U.S. Operations and served as COO from June 2017 to June 2019 before being appointed CEO in July 2019. Prior to CACI, Mr. Mengucci held significant leadership roles at Lockheed Martin Corporation, including President of its Information Systems and Global Solutions - Civil Product Line (2010-2012) and President of its Information Systems and Global Solutions – Defense Line (2007-2010). His career began as a Software Engineer at Babcock & Wilcox in 1984. Mr. Mengucci has been at the head of numerous companies, including serving as President for IDL Solutions, Inc., President & Chief Operating Officer at CACI Dynamic Systems, Inc., and CEO of Six3 Systems, Inc., which are subsidiaries of CACI International, Inc.

Jeffrey D. MacLauchlan, Executive Vice President, Chief Financial Officer, and Treasurer

Jeffrey D. MacLauchlan is the Executive Vice President, Chief Financial Officer, and Treasurer for CACI International Inc. He joined CACI in May 2022 as a Senior Vice President on the finance team and assumed the CFO role on November 1, 2022. Mr. MacLauchlan brings over 40 years of financial experience to his role. Before joining CACI, he was a founding partner of First Light Acquisition Group, a special purpose acquisition company. From 2014 to 2018, he was Senior Vice President of Corporate Development for Rockwell Collins, where he managed a transformative acquisition that significantly increased the company's valuation, leading to its subsequent sale to United Technologies. He also spent 32 years at Lockheed Martin and its predecessor, Martin Marietta, where he led corporate development for the enterprise and served as CFO for three reporting segments.

DeEtte Gray, President of U.S. Operations

DeEtte Gray serves as the President of U.S. Operations at CACI International Inc. In this role, she is responsible for the company's domestic, federal, state, and local markets.

Glenn Kurowski, Senior Vice President and Chief Technology Officer

Glenn Kurowski is the Senior Vice President and Chief Technology Officer (CTO) for CACI International Inc. He joined CACI in 2014 and has been instrumental in the company's transition to a technology-powered national security leader. Prior to CACI, Mr. Kurowski spent 29 years at Lockheed Martin, holding various engineering and leadership positions, including Vice President leading the Health and Life Sciences business.

J. William Koegel, Jr., Executive Vice President, General Counsel & Secretary

J. William Koegel, Jr. holds the position of Executive Vice President, General Counsel & Secretary at CACI International Inc.

The increasing direct competition from large commercial technology companies (e.g., Amazon Web Services Professional Services, Microsoft Federal, Google Public Sector) for significant government IT modernization, cloud migration, data analytics, and AI/ML services contracts. These companies leverage their foundational cloud platforms, vast research and development budgets, and commercial best practices to offer integrated solutions that can challenge traditional government prime contractors like CACI. This trend has the potential to erode CACI's market share and drive down margins in critical growth areas, as these tech giants shift from being technology partners to direct competitors for end-to-end service delivery.

CACI International (CACI) primarily serves the U.S. federal government, including defense, intelligence, and federal civilian agencies, with a focus on national security and government modernization. The company's main products and services fall into two broad categories: Expertise and Technology.

Key areas of service include:

• Enterprise IT and Network Modernization: This encompasses cloud computing, IT infrastructure modernization, cybersecurity solutions, and managed services.
• Mission Solutions and Services: This involves intelligence analysis, mission support, and operational technology.
• Cybersecurity and Digital Solutions: Offerings include cyber defense, threat intelligence, and digital transformation services.
• C4ISR (Command, Control, Communications, Computers, Intelligence, Surveillance, and Reconnaissance): CACI develops advanced sensor systems, electronic warfare, and secure communications.
• Space Operations: The company provides space technology operations and solutions.

The addressable market for CACI's federal services is approximately $200–230 billion. This market size is for the U.S. federal government, concentrating on opportunities within defense, intelligence, and homeland security. Over 95% of CACI's revenue is derived from U.S.-based contracts.

1. Increased Government Funding and Demand for Advanced Technologies: CACI is well-positioned to benefit from substantial government spending bills, particularly in defense and border security, which expand its market opportunities for national security and defense contracts. There is an accelerated adoption of advanced technologies such as cyber solutions, enterprise software modernization, counter-UAS, and software-defined technologies within federal contracts. CACI's strategic focus on delivering these higher-value, tech-enabled federal contracts is expected to enhance both contract visibility and pricing power.
2. Strategic Acquisitions: Acquisitions have historically been a significant contributor to CACI's revenue growth, and this trend is anticipated to continue. The company has an expanding M&A pipeline and has recently acquired strategic assets, such as Azure Summit and Applied Insight, which are expected to bolster its capabilities and future performance. Analysts highlight ongoing investments in M&A as a key driver of future profitability.
3. Strong Organic Growth through New Contract Awards and Differentiated Capabilities: CACI emphasizes achieving predictable organic revenue growth by leveraging its differentiated capabilities and benefiting from enduring government funding streams. The company consistently reports strong contract awards, including several large awards exceeding $1 billion, and a healthy book-to-bill ratio, indicating a robust pipeline of new business. CACI's strategy involves investing ahead of customer needs to develop expertise in critical areas like multi-domain C4ISR, signals intelligence, electronic warfare, and cyber solutions, which drives new contract wins and expands its core business.
4. Shift to Higher-Value, Mission-Critical Technology Partnerships: CACI has transformed from primarily a staffing-focused contractor to a mission-critical technology partner for the U.S. government, increasingly delivering products and systems in addition to services. This strategic shift towards higher-value, tech-enabled contracts and recurring, mission-critical work is expected to lead to higher win rates, stronger contract retention, and margin expansion in the coming years.

Share Repurchases

• CACI announced a $750 million share repurchase authorization on January 26, 2023, including a $250 million accelerated share repurchase.
• Under the January 2023 authorization, CACI repurchased 1,868,110 shares for $598.52 million since January 2023.
• The company executed a $500 million accelerated share repurchase program in March 2021, which was completed by the end of calendar year 2021.

Share Issuance

• CACI's shares outstanding have seen a decline, with 0.022 billion shares outstanding in 2025, an 0.8% decrease from 2024, and 0.023 billion in 2024, a 3.59% decline from 2023.
• Shareholders approved the 2025 Incentive Compensation Plan, replacing the prior 2016 plan for new awards.
• As of June 30, 2023, 1,487,763 equity awards were cumulatively granted under the 2016 plan.

Outbound Investments

• CACI's growth strategy has been significantly acquisition-driven, with approximately $4.613 billion spent on acquisitions between 2015 and 2025, compared to $579 million on capital expenditures during the same period.
• Recent strategic acquisitions include Applied Insight in October 2024, an IT services provider, and Azure Summit Technology in September 2024 for $1.28 billion, specializing in defense electronics.
• Other notable acquisitions include ID Technologies for $225 million in January 2022 and SA Photonics for $275 million in November 2021.

Capital Expenditures

• From 2015 to 2025, CACI spent $579 million on capital expenditures.
• For fiscal year 2025, expected capital expenditures were approximately $85 million.
• CACI's capital deployment strategy includes internal investments alongside strategic mergers and acquisitions to drive future growth.