CACI Wins $1.5 Billion CENTCOM Contract Amid Rising Debt
On September 16, CACI International Inc. (NYSE:CACI) announced a new contract worth up to $1.5 billion with the U.S. Central Command under its Apollo program. The deal is expected to bring in approximately $1.2 billion and supports information advantage and irregular warfare missions for CENTCOM partners. The award follows strong fiscal performance, including revenue of $9.6 billion for FY 2026—a 10.9% increase year-over-year—and a total contract backlog now at $32 billion. However, CACI's aggressive growth has come with financial trade-offs: the company spent over $2.64 billion on acquisitions in fiscal 2026 and saw long-term debt nearly double to $4.85 billion. The shift toward fixed-price contracts—now accounting for 34.8% of fourth-quarter revenue—has increased execution risk, while net income dipped slightly due to rising interest expenses and tax provisions.
Tickers: $CACI
Topics: contracts defense revenue_growth