CACI Completes Acquisition of Azure Summit Technology
CACI International, Inc. Class A (CACI)
Last caci international, inc. class a earnings: 4/29 04:15 pm
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Source: Business Wire
RESTON, Va.--(BUSINESS WIRE)--CACI International Inc (NYSE: CACI) announced today that it has completed its acquisition of Azure Summit Technology, a provider of innovative, high-performance radio frequency (RF) technology and engineering, focused on electromagnetic spectrum, in an all-cash transaction for $1.275 billion.“Today, we welcome more than 300 Azure Summit employees to CACI,” said John Mengucci, CACI President and Chief Executive Officer. “This is an extremely compelling acquisition for CACI – strategically, culturally, and financially. Azure Summit adds established, complementary technology and expands our customer presence. This meaningful addition also brings an exceptionally talented workforce whose commitment, innovation, and focus on excellence match our own.”With the closing of this transaction, CACI bolsters its market-based strategy by expanding its software-defined offerings in signals intelligence (SIGINT), electronic warfare (EW), and intelligence, surveillan
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