CACI International rises after $1.28 bln Azure Summit deal

CACI International

16/09/2024 15:00

** Shares of technology firm CACI International  CACI.N 
jump 3.8% to $495.47 in early hours of trading
    ** CACI says it will buy privately held radar and
communications equipment maker Azure Summit Technology for $1.28
billion in cash
    ** Government clients rely on companies such as CACI that
provide cybersecurity and defense products, including electronic
warfare systems to strengthen national security
    ** CACI, which has U.S government agencies and departments
among its clients, expects transaction to close in Q2 of 2025
    ** YTD, stock is up ~53.3%

 (Reporting by Jaiveer Singh Shekhawat in Bengaluru)
 ((JaiveerSingh.Shekhawat@thomsonreuters.com;))