The New Chapter: The Benefits of Continuing Education
It’s Only Common Sense: You’ve Got to Hustle
CACI Completes Acquisition of Azure Summit Technology
October 31, 2024 | BUSINESS WIREEstimated reading time: 1 minute
CACI International Inc. announced that it has completed its acquisition of Azure Summit Technology, a provider of innovative, high-performance radio frequency (RF) technology and engineering, focused on electromagnetic spectrum, in an all-cash transaction for $1.275 billion.
“Today, we welcome more than 300 Azure Summit employees to CACI,” said John Mengucci, CACI President and Chief Executive Officer. “This is an extremely compelling acquisition for CACI – strategically, culturally, and financially. Azure Summit adds established, complementary technology and expands our customer presence. This meaningful addition also brings an exceptionally talented workforce whose commitment, innovation, and focus on excellence match our own.”
With the closing of this transaction, CACI bolsters its market-based strategy by expanding its software-defined offerings in signals intelligence (SIGINT), electronic warfare (EW), and intelligence, surveillance, and reconnaissance (ISR), across multiple domains, platforms, and customer sets. In particular, this acquisition expands the breadth of CACI’s reach and insight into maritime and airborne platforms.
“I’m excited about the many opportunities that lie ahead to leverage our expansive solutions to meet our customers’ most pressing needs in national security,” said Mengucci.
With Azure Summit’s locations in Fairfax, Virginia and Melbourne, Florida, CACI also expands its U.S. presence.
Concurrent with the completion of the acquisition, the company entered into a $750 million Term Loan B as planned and previously disclosed.
Share on:
Suggested Items
CACI Chairman, Michael A. Daniels, Receives Prestigious Lifetime Achievement Recognition from NACD
12/20/2024 | CACI International Inc.CACI International Inc announced that CACI Chairman of the Board of Directors Michael (Mike) A. Daniels was presented with the prestigious 2024 National Association of Corporate Directors (NACD) Directorship 100™ B. Kenneth West Lifetime Achievement Award at its annual gala in New York.
CACI Awarded $290 Million Contract to Provide AI and Geospatial Expertise to NGA
12/06/2024 | CACI International Inc.CACI International Inc announced that it is an awardee of a five-year contract valued at up to $290 million to provide artificial intelligence (AI) and geospatial expertise to the National Geospatial-Intelligence Agency (NGA) under the Luno-A multi-award indefinite delivery, indefinite quantity vehicle.
CACI Awarded $226 Million Task Order to Provide Expertise to the U.S. Southern Command Operations (USSOUTHCOM)
11/01/2024 | CACI International Inc.CACI International Inc announced that it has been awarded a five-year task order valued at up to $226 million to provide expertise to the U.S. Southern Command Operations (USSOUTHCOM).
CACI Awarded $805 Million Task Order to Provide Engineering Support and Technology to U.S. Navy’s NavalX Office
10/22/2024 | CACI International Inc.CACI International Inc announced that it has been awarded a five-year task order valued at up to $805 million to provide engineering support and technology to the U.S. Navy’s NavalX Office under the Department of Defense Information Analysis Center’s (DoD IAC) multiple-award contract (MAC) vehicle.
CACI Acquires Applied Insight
10/10/2024 | CACI International Inc.CACI International Inc announced that it has acquired Applied Insight, a Northern Virginia-based portfolio company of Acacia Group , in an all-cash transaction.