CACI INTERNATIONAL INC /DE/ (CACI) Company Report

CACI International Inc priced an additional $500 million offering of 6.375% Senior Notes due 2033 on February 26, 2026.
The offering is anticipated to close on March 12, 2026.
The net proceeds are designated to fund the acquisition of ARKA Group L.P. and related expenses.
A special mandatory redemption clause applies to the notes if the acquisition is not completed.

1 day ago

8-K

CACI Prices $500 Million Senior Notes Offering

CACI

Debt Issuance

M&A

New Projects/Investments

CACI International Inc has priced an offering of an additional $500 million in aggregate principal amount of its 6.375% unsecured senior notes due 2033.
The offering is expected to close on March 12, 2026.
CACI intends to use the net proceeds to fund the acquisition of ARKA Group L.P. and cover associated costs.
The notes are subject to a special mandatory redemption if the acquisition is not completed.

1 day ago

Press Release

CACI Announces Proposed Offering of Senior Notes to Fund Acquisition

CACI

Debt Issuance

M&A

CACI International Inc commenced an offering of $500 million in unsecured senior notes due 2033 on February 26, 2026.
The notes will be issued as part of the same series as the company's 6.375% senior notes due 2033 originally issued in June 2025.
The net proceeds from this offering are intended to fund the acquisition of ARKA Group L.P..
The notes are subject to a special mandatory redemption at 100% of principal plus accrued interest if the acquisition is not completed.

1 day ago

8-K

CACI Announces Proposed Offering of Senior Notes

CACI

Debt Issuance

M&A

CACI International Inc has commenced an offering of $500 million in aggregate principal amount of unsecured senior notes due 2033.
These notes will be issued as part of the same series as the company’s 6.375% senior notes due 2033 originally issued in June 2025.
The net proceeds from the Offering are intended to fund the acquisition of ARKA Group L.P. and cover associated costs and expenses.
If the acquisition is not consummated, the gross proceeds will be held in an escrow account, and the notes are subject to a special mandatory redemption at 100% of principal plus accrued interest.

1 day ago

Press Release

CACI International Discusses Strategic Growth Drivers and ARKA Acquisition

CACI

M&A

New Projects/Investments

Guidance Update

CACI differentiates itself by applying technology and software to government IT services, focusing on fewer, larger, longer-duration programs, leading to 3.7 years of revenue in backlog and an average program duration of six years.
The company's strategic growth areas include Counter-UAS (Merlin system), electromagnetic spectrum, network modernization (CSfC, Archon product), and leveraging AI as a force multiplier for efficiency and outcomes.
CACI's financial strategy is centered on free cash flow per share, with technology content driving average margins 300 basis points higher than expertise. The company expects to definitively beat its $1.6 billion free cash flow target over three years.
The $2.6 billion acquisition of ARKA is CACI's largest to date, enhancing its space capabilities (Multi-INT, GEO Intelligence, imagery) and bringing critical agentic AI platforms. ARKA is expected to be immediately accretive to growth rate and EBITDA margins, EPS neutral in the first year, and accretive in the second, with leverage projected to return to around 3x in six quarters from 4.3x at closing.
CACI's business model, with over 90% prime contracts, focuses on areas with durable demand such as electronic warfare, cyber, and space, giving it significant headroom within its $300 billion Total Addressable Market.

Feb 17, 2026, 7:20 PM

Transcript

CACI Discusses Strategic Differentiation, Growth Drivers, and ARKA Acquisition at Citi Conference

CACI

M&A

New Projects/Investments

Revenue Acceleration/Inflection

CACI is differentiating itself from peers by focusing on applying technology and software as core solutions, bidding on fewer, larger jobs, and moving away from a traditional expertise model.
Key growth areas include Counter-UAS, with over 300 Merlin systems deployed globally, and network modernization. AI is viewed as an opportunity and a "force multiplier" that CACI has utilized for over two decades to enhance efficiency and accelerate outcomes.
The $2.6 billion ARKA acquisition, CACI's largest to date, significantly enhances its space presence and multi-intelligence capabilities. It is expected to be immediately accretive to growth rate and EBITDA margins, and EPS neutral in the first full year, becoming accretive in the second.
The ARKA acquisition will temporarily increase leverage to approximately 4.3 times trailing twelve months EBITDA at closing, with CACI planning to delever to around 3x in about 6 quarters.
CACI maintains predictable organic revenue growth with 3.7 years of revenue in backlog and an average program duration of six years for recent wins, aligning with durable demand in areas like electronic warfare, cyber, and space.

Feb 17, 2026, 7:20 PM

Transcript

CACI Discusses Strategic Differentiation, Growth Drivers, and ARKA Acquisition

CACI

M&A

New Projects/Investments

CACI differentiates itself from peers by focusing on technology and software, bidding fewer, larger jobs, and views AI as an opportunity for efficiency and output multiplication in national security.
Key growth areas include Counter-UAS (with its Merlin system), network modernization (including CSfC), and electromagnetic spectrum.
The company maintains predictable organic revenue growth with approximately 3.7 years of revenue in backlog and an average program duration of six years for recent wins, focusing on durable demand areas like electronic warfare, cyber, and space.
The $2.6 billion ARKA acquisition is expected to be immediately accretive to CACI's growth rate and EBITDA margins, and EPS neutral in the first full year, then accretive in the second, expanding CACI's sensing capabilities into space (GEOINT).
CACI's capital allocation strategy is centered on free cash flow per share as its "North Star," and the company is not subject to the executive order on underperforming contractors.

Feb 17, 2026, 7:20 PM

Transcript

CACI International Inc. Discusses Strategic Transformation, AI Integration, and Growth Drivers at TD Cowen Conference

CACI

New Projects/Investments

Guidance Update

M&A

CACI International Inc. emphasizes its strategic transformation into a technology-first company focused on free cash flow per share growth, distinguishing itself from traditional government services firms.
The company views AI as a positive enabler for efficiency in its operations, including enterprise IT (which represents only 5-6% of its business), and for processing vast amounts of data, rather than a threat.
CACI has rapidly grown its electronic warfare business to $2 billion since 2019, achieving strong margins, and is well-positioned to benefit from government procurement reforms, particularly Other Transaction Authorities (OTAs), with approximately 40 active OTAs.
The recent ARKA acquisition is expected to be accretive to EBITDA margin, growth rate, and EPS, enhancing CACI's space market capabilities with Agentic AI for GEOINT data processing. Management also reaffirmed its fiscal year guidance, anticipating a sequential revenue increase in Q4 due to specific program ramps and EW technology deliveries, supported by a four-year backlog.

Feb 12, 2026, 3:45 PM

Transcript

CACI International Discusses Strategic Direction, AI, and Financial Outlook

CACI

Guidance Update

M&A

New Projects/Investments

CACI International is a long-term growth company focused on free cash flow per share growth, aiming for top and bottom-line growth.
The company has transformed into an outcome-based, technology-first company, moving away from selling people, and views AI as a positive for efficiency in enterprise IT and data processing.
CACI's business development strategy emphasizes bidding less to win more by investing ahead of customer needs and shaping future programs, which drives high win rates.
The recent acquisition of ARKA is a strategic move that fills a gap in the space market and is expected to be accretive to EBITDA margin and growth rate, and EPS accretive or neutral in the first year, then accretive in the first full year.
Management remains comfortable with fiscal year guidance, expecting a sequential increase in Q4 revenue (ending June 2026) due to EW technology deliveries, program ramps (NCAPS, ITAS), early reconciliation funding, and the JTMS protest win. The company also maintains a four-year backlog, with recent contracts averaging six years in duration.

Feb 12, 2026, 3:45 PM

Transcript

CACI International Discusses Strategic Shift, Growth Drivers, and Outlook

CACI

M&A

New Projects/Investments

Guidance Update

CACI has strategically transformed into a technology-first company, leveraging AI for efficiency and delivering less personnel, a shift initiated around 2019 that has driven free cash flow, revenue growth, and enhanced margins.
The company has experienced significant growth in its Electronic Warfare (EW) business, which has expanded from near zero in 2019 to $2 billion today, generating strong margins.
CACI's business model aligns well with government procurement reforms, particularly Other Transaction Authorities (OTAs), with 40 active OTAs and a 2.5x increase in OTAs over the last two years compared to the prior five. An example includes a $500 million production program achieved in six months via an OTA.
The recent ARKA acquisition strengthens CACI's space market capabilities, adding EO/IR and space-based radar, and integrating agentic AI for GEOINT data processing, which is immediately accretive to EBITDA margin and growth rate.
CACI maintains comfort with its fiscal year guidance (ending June) and three-year targets, anticipating a sequential step-up in Q4 revenue. The company boasts a robust foundation with four years of backlog, with recent contracts averaging six years in duration.

Feb 12, 2026, 3:45 PM

Transcript

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CACI INTERNATIONAL INC /DE/ (CACI)

Analyst Earnings Quarterly Reports

Q1 2026

Q4 2025

Q3 2025

Q2 2025

Executives

John S. Mengucci

DeEtte Gray

J. William Koegel, Jr.

Jeffrey D. MacLauchlan

Tracy Weir

Board Members

Charles L. Szews

Debora A. Plunkett

Lisa S. Disbrow

Philip O. Nolan

Ryan D. McCarthy

Scott C. Morrison

Stanton D. Sloane

Susan M. Gordon

William L. Jews

Analyst Coverage

Scott Mikus

Colin Canfield

Mariana Perez Mora

Seth Seifman

Jonathan Siegmann

Louie DiPalma

Tobey Sommer

Gavin Parsons

Sheila Kahyaoglu

Conor Walters

David Strauss

Gavin Eric Parsons

Henry Roberts

Jan-Frans Engelbrecht

John Godin

John Kernan

Jon Illingworth

Noah Poponak

Peter Arment

Peter J. Arment

Gautam Khanna

Joshua Korn

Matthew Akers

Rachel

Toby Sommer

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CACI's $2.6B Bet on Space: Defense Giant's Largest Acquisition Ever Targets Intelligence Satellites

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