CACI Reports 5.7% Growth in Full FY 2021 Revenue, $24.2B in Total Backlog

CACI International (NYSE: CACI) saw its full fiscal year 2021 revenue increase 5.7 percent to $6 billion and ended the year with a total backlog of $24.2 billion, with $3.3 billion of that funded.

The Reston, Virginia-based government services contractor said Wednesday its total backlog as of June 30 increased 12 percent from the previous year’s figure of $21.6 billion and its funded backlog grew 18 percent from a year ago.

CACI reported $3.6 billion in contract awards during the fourth quarter of FY 2021, with about 40 percent accounting for new business.

Contracts secured by CACI during the quarter include a potential $447 million contract with the National Security Agency for network security and signals intelligence support and a $373 million contract with U.S. Special Operations Command for geospatial intelligence analysis services.

For the full year, CACI recorded $9.2 billion in contract awards with $457.4 million in FY 2021 net income and diluted earnings per share of $18.30.

Defense News reported that CACI forecast that the U.S. military’s tech modernization investments would offset future losses from the withdrawal of U.S. troops from Afghanistan, projecting a sales growth of 4 percent.

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