Executive Summary
CACI subsidiaries secured $221.9M in DHS ICE delivery orders for IT/telecom O&M and data/analytical support, providing $139.3M outlayed revenue backlog through Q1 2026. Full/open competition wins signal entrenched positioning in NAICS 541330 federal services, with $15.5M options upside. Concentration in two contracts highlights material bullish exposure but elevates execution risks on $82.6M remaining obligations.
Tracking the trend? Catch up on the prior Federal Professional Services Contracts digest from January 23, 2026.
Investment Signals(1)
- CACI Dominates DHS ICE IT Services with $222M Commitments(HIGH)▲
Twin $106M-$116M awards under full/open competition deliver multi-year revenue visibility, $139M outlayed amid minimal subawards.
Risk Flags(2)
- Execution[HIGH RISK]▼
$82.6M unspent obligations over 4.5-year periods to March 2026 introduce delivery uncertainties.
- Market[MEDIUM RISK]▼
Firm fixed price and labor hours structures risk margin compression from cost overruns or billing variances.
Opportunities(1)
- ◆
$15.5M unexercised options plus follow-on potential from DHS ICE IT precedents.
Sector Themes(1)
- ◆
100% of period's value in NAICS 541330 for immigration IT/telecom and analytics.
Watch List(2)
- 👁
{"entity"=>"CACI International Inc", "reason"=>"$222M (2 contracts) represents outsized DHS ICE reliance with $83M execution tail.", "trigger"=>"Outlays >$10M/quarter or options pulled"}
- 👁
{"entity"=>"DHS ICE Recompetes", "reason"=>"Full/open wins set stage for expansions in TACCOMM/HSI support.", "trigger"=>"New RFPs in PSC DG01/R408 by Q2 2026"}
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