CACI International Inc boasts a solid track record, with revenues growing from $2 billion to $8 billion over two decades, aided by disciplined M&A. Read more here.

CACI International, Inc. (NYSE:CACI) shares are trading higher after the company announced it will acquire Azure Summit Technology for $1.275 billion in cash. Azure Summit is expected to enhance Department of Defense (DoD) capabilities through its advanced radio frequency (RF) technology and skilled engineering team specializing in the electromagnetic spectrum.

So far this year, CACI has received a dedicated SIGINT order worth $416 million, an ISR order worth $198 million and a $382 million Electronic Warfare Systems Task Order all from the U.S. Army. The acquisition of Azure Summit is anticipated to result in a greater inflow of orders due to the enhanced capabilities of CACI.

CACI International on Monday said it has agreed to acquire Azure Summit Technology for $1.3 billion in a cash deal that adds to the company’s products and

In a statement Monday, CACI President and CEO John Mengucci said the deal is compelling both financially and strategically, as it would be immediately accretive to earnings and expand CACI’s capabilities in providing tech services to U.