CACI wins 6-year 3hundred million 800ten thousand dollar contract with the U.S. Department of Veterans Affairs

CACI announced that it won a 7month 8day contract from the U.S. Department of Veterans Affairs for 6years, 3hundred million 800ten thousand dollar financial management system modernization and maintenance contract. The contract amount is equivalent to about 3percent of the company’s annual revenue.

The contract includes maintenance of ERP tools related to the existing integrated financial and procurement management system (iFAMS) and replacement of outdated financial infrastructure. The company said the purpose of the contract is to strengthen operational efficiency, transparency, and accounting accountability.

The contract term is 6years, and based on its experience providing enterprise-scale ERP solutions, CACI will handle system modernization and long-term maintenance. The contract includes continued operation of the existing system and phased transition work.

The contract is introduced as a project that directly affects administrative processing and financial execution procedures for veterans. The company said this project will contribute to improving the Ministry of Patriots and Veterans Affairs' financial management capabilities and process stability.

The disclosure did not include detailed quarterly revenue recognition schedules or subcontracting composition. Additional contract details and the timing of revenue recognition should be confirmed in future quarterly disclosures.