LNGT Laser Energetics Inc (CE)

Based in Arlington, Virginia, CACI International Inc. (CACI) recently penned a partnership agreement with Laser Energetics, Inc. (LNGT). The financial details of the deal were not disclosed yet.

According to the agreement, the companies will be engaged in offering laser optical distracters technology through Dazer Laser - Light Fighting Technologies Product Line to the Department of Defense (DoD) in U.S. and various other federal government agencies. Dazer Laser is a unique technology, which is designed on the basis of hand-held and weapons-mounted models along with several customized features, especially for the U.S. Military, Homeland Security and Law Enforcement users.

Under the pact, CACI International will be involved in providing various operational planning, installation and training solutions, warranty management and help desk support services for enhancing the efficacy of the product and providing improved solution services to its clients. According to the company’s management, this alliance is expected to help CACI International to penetrate into the developing market for non-lethal weapons. In addition, Laser Energetics would also benefit immensely from this association either in terms of revenue or in terms of market share.

CACI International’s system integration skills and intelligence expertise consume a significant portion of the funds earmarked for the Department of Homeland Security. We believe the company is comfortably positioned, given its favored relationship with the DoD. The company, however, should not become complacent with its positives as it faces stiff competition largely from proactive companies. Its main competitors include ManTech International Corporation (MANT) and SAIC, Inc. (SAI).

The current Zacks Consensus Estimates for CACI International Inc. are $1.55 and $6.69 for the first quarter of fiscal 2013 and for the full year of fiscal 2013 (ending June 30, 2012), respectively. The estimates represent a year-over-year growth of 10.60% for the first quarter and 12.61% for the full year of fiscal 2013. At present, we have a ‘Neutral’ recommendation on CACI International Inc. The stock currently carries a Zacks #3 Rank, which translates into a short-term rating of ‘Hold’.

 
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