CACI wins 6largest-ever 3billion 800dollar contract from the VA
CACI has won a 6largest-ever 3billion 800dollar modernization contract for the Department of Veterans Affairs’ financial management system. The contract includes maintenance and support for iFAMS ERP and replacement of the existing legacy financial infrastructure, and it amounts to about 3% of the company’s annual revenue.
CACI won a contract worth up to 6billion 3dollar 800from the U.S. Department of Veterans Affairs. The contract accounts for about 3% of the company’s annual revenue.
The contract period is 6years. The work includes modernization and ongoing maintenance of the Veterans Affairs financial management system.
Specifically, it includes maintenance and support for iFAMS, the Integrated Financial and Acquisition Management System. The contract scope also includes replacing the existing legacy financial infrastructure.
The contract document states a goal of improving service performance for veterans through greater operational efficiency, financial transparency, and stronger accounting accountability.
The company said the contract strengthens its position in the federal government financial systems business. Details such as the total contract amount and period are handled in accordance with public documents.
The company explained that the contract consists of two pillars, modernization and sustainment. The announcement date is 2026year 7month 8day.
Sources: Investing.com Canada,www.marketscreener.com
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