CACI has been awarded USD 414M for unmanned systems researchUS technology company CACI International Inc. has secured a USD 414 million contract to conduct research on unmanned systems for several US defence agencies, including DEVCOM and C5ISR. Under the new contract, CACI International will undertake a range of analytical and engineering tasks, with a primary focus on assessing the threats posed by new military drones, which have demonstrated high efficacy in recent years. In fact, the emergence of low-cost drones has raised questions about the effectiveness of current armoured vehicles and the ability of naval fleets to operate effectively in coastal zones.
CACI International's experts will analyse these threats and develop countermeasures and proprietary crewless military tools. More importantly, CACI International will study the drone problems at the operational and tactical levels, i.e. directly for troops on the front line. For investors, this signals CACI International's prominent role in the US national security strategy.
Technical analysis of CACI International Inc. (NYSE: CACI)
Review potential trading opportunities based on CACI International stock performance:
Timeframe : Daily (D1)
Current trend : the stock is currently in a global uptrend
Resistance level : 460.00 USD
Support level : 443.00 USD
Potential downtrend target : if the trend changes to a downtrend, a downside target could be set at 400.00 USD
Short-term target : if the uptrend continues and the stock breaks resistance at 460.00 USD, a short-term target could be set at 470.00 USD
Medium-term target : if the upward momentum continues, the stock could reach USD 480.00
The company's critical role in developing research in crewless systems not only strengthens its market position but also supports critical advances in US defence.
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