John Mengucci: CACI Buys 2 Mission Tech Providers, Reports $1.5B in Q1 FY 2022 Revenue

John Mengucci, president and CEO of CACI International (NYSE: CACI) and a two-time Wash100 Award winner, said the company closed two acquisitions in the mission technology area during the first quarter of its 2022 fiscal year.

“We acquired two companies that provide mission technology to sensitive government customers. The capabilities include open source intelligence solutions, specialized cyber and satellite communications,” Mengucci said Thursday during the company’s quarterly earnings call.

One of those companies is Bluestone Analytics, which he said is focused on open source intelligence in the dark web. Mengucci said the second acquisition operates in the space domain.

Tom Mutryn, chief financial officer of CACI, said the Reston, Virginia-based technology services contractor spent about $120 million on those businesses and expects the acquisitions to add approximately $30 million in FY 2022 revenue.

CACI posted $1.5 billion in revenue during the first quarter of FY 2022, up 2.2 percent from the prior-year period, and reported a diluted earnings per share of $3.70.

The company recorded $2.4 billion in Q1 FY 2022 contract awards with about 50 percent accounting for new business. Total backlog rose 9 percent to $23.9 billion, of which $3.5 billion was funded.

Video of the Day

GovCon Wire Logo

Sign Up Now! GovCon Wire provides you with Daily Updates and News Briefings about M&A Activity

Related Articles

The Ultimate Guide to Winning Government Contracts Let us show you how top executives are winning so you can replicate it