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CACI Secures $308 Million VA ERP Modernization Contract

Jul 8, 2026, 8:22 AM EDT1 sourcesAI-analyzed

Why it may matterVerify against the original reporting

A large, multi-year contract expands backlog and revenue visibility, potentially supporting better near-term sentiment and longer-term earnings growth, especially if it accelerates future ERPs and maintenance wins in the VA and similar agencies.

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What happened, with direct paths to the underlying reporting

CACI won a six-year, up-to-up-to-$308 million contract from the Department of Veterans Affairs to modernize and transform the VA's legacy financial management system (iFAMS). The project emphasizes enterprise ERP upgrades, ongoing operations and maintenance, and improved financial transparency. This deal could expand CACI's government IT backlog and support recurring revenue, potentially lifting sentiment and visibility into VA modernization spend.

VA awards CACI six-year contract up to $308M. Modernizes iFAMS ERP.
Aims to boost efficiency, transparency, and accountability in VA finances.
CACI CEO Mengucci highlights ERP expertise and mission-focused results.
Contract includes operations and maintenance for iFAMS and legacy upgrade.

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