CACI Secures $145M Navy Contract, Shares Surge

CACI Internationals stock surges as it secures a new five-year contract with the U.S. Navys Portsmouth Naval Shipyard, valued at up to $145 million. The contract focuses on engineering support services to maintain fleet readiness, particularly for undersea platforms. This follows another significant contract with the U.S. Army, highlighting CACIs continued success in winning substantial government work. The companys shares closed up over two percent, reflecting a positive market view of these new contracts.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.