CACI to Acquire Software Engineering Firm Pangia Technologies; Cofoni Comments

Paul Cofoni, CACI

CACI International Inc. (NYSE: CACI) has signed a definitive agreement to acquire Pangia Technologies, LLC, a specialist in computer network operations, mission systems, software and systems engineering and IT infrastructure support.

The acquisition is expected to increase CACI’s earnings per share during its first 12 months. The Maryland-based Pangia employs 110 workers and had 2010 calendar-year revenues of $18.7 million. Closing is anticipated by July 1, 2011.

CACI said the acquisition will expand its cybersecurity solutions and increase its already strong presence in the intelligence community. Pangia also has contract vehicles with the Department of Homeland Security, the U.S. Air Force and the U.S. Navy.

Pangia designs and develops system security architecture and other applications as part of its work.

CACI President and CEO Paul Cofoni said: “The acquisition of Pangia Technologies opens new growth opportunities for CACI and increases our technical offerings in the vitally important area of cybersecurity. Pangia’s technology and demonstrated success in solving some of the most difficult intelligence problems, combined with CACI’s significant presence in the intelligence community, will facilitate our expansion into emerging mission areas that are essential to national security.”

You may also be interested in...

huntington-ingalls-wins-air-national-guard-training-support-contract

HII Books $175M Navy Contract for Aircraft Carrier Elevator Support Maintenance

Huntington Ingalls Industries (NYSE: HII) will maintain and repair elevator support units aboard the U.S. Navy's nuclear-powered aircraft carriers under a five-year, $174.9M contract. 

Lockheed THAAD

Lockheed to Help Maintain UAE THAAD Weapon System Under $255M MDA Contract

Lockheed Martin (NYSE: LMT) has received a five-year, $254.7M contract from the Missile Defense Agency to maintain two batteries for the United Arab Emirates' Terminal High Altitude Area Defense system.