CACI International Inc (NYSE MKT: CACI) announced today that it has completed its transaction to acquire the outstanding stock of L-3 National Security Solutions, Inc. (NSS), a prime mission partner to the Department of Defense (DoD), intelligence agencies, and the US Federal Civilian Government.
The acquisition will significantly expand CACI´s opportunities for business growth in its Enterprise IT, Intelligence Services, and other key market areas.
With a purchase price of USD550 million, the transaction is expected to add approximately USD1 billion of annual revenue to CACI. It is expected to be accretive in CACI´s Fiscal Year 2016, excluding one-time transaction expenses, and at least 10 percent accretive to both GAAP and diluted adjusted earnings per share for CACI´s Fiscal Year 2017. CACI will be providing revised Fiscal Year 2016 guidance, including the effects of the NSS transaction, when it releases its second quarter FY16 results on February 3, 2016.
Headquartered in Reston, Virginia, NSS provides highly specialized and differentiated strategic solutions, services, and products for the country´s most sensitive national security agencies and DoD critical missions. NSS employs approximately 4,000 professionals worldwide, of whom over 90 percent possess security clearances.