CACI to Acquire Azure Summit
CACI buys Fairfax IT firm Azure Summit Technology for $1.3 billion
Reston, Virginia-based CACI International, one of the largest government IT contractors in the D.C. region will acquire Fairfax-based Azure Summit Technology in an all-cash deal worth $1.275 billion.
CACI International Buying Azure Summit Technology in $1.28 Billion All-Cash Deal
CACI International (CACI) said Monday that it agreed to purchase Azure Summit Technology in an all cash deal worth about $1.28 billion, bolstering its offerings for the defense industry. Azure Summit is a radio frequency hardware and software maker.
CACI Strikes $1.3B Cash Deal for Azure Summit; John Mengucci Quoted
CACI expects the all-cash transaction to conclude in the second quarter of fiscal year 2025, subject to regulatory clearances and other customary closing conditions.
CACI Agrees To Acquire Azure Summit For $1.275B, Boosting Defense Capabilities
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.
CACI to Acquire Azure Summit: Should You Buy, Sell or Hold the Stock?
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.
Tech firm CACI beefs up defense business with $1.28 billion Azure Summit deal
Technology firm CACI International said on Monday it would buy privately-held radar and communications equipment maker Azure Summit Technology for $1.28 billion in cash to bulk up its business catering to the defense industry.
CACI Agrees To Acquire RF Technology Firm Azure Summit For $1.3 Billion
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
CACI's $1.3B purchase of Azure Summit born out of familiarity
In explaining the acquisition to Wall Street, CACI International CEO John Mengucci pointed to a large Navy software development program as where the company got an early look at the possibilities.
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CACI to Announce and Discuss a Pending Acquisition on Conference Call this Morning
RESTON, Va.–(BUSINESS WIRE)–#LimitlessPotential–CACI International Inc (NYSE: CACI) will announce during a conference ...