CACI International to buy Six3 Systems for $820M

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Associated Press

Posted on October 9, 2013 at 1:01 PM

ARLINGTON, Va. (AP) — Defense contractor CACI International Inc. said Wednesday that it is buying cyber intelligence firm Six3 Systems Inc. for $820 million.

CACI said the acquisition will expand its presence in the high-growth cyberspace market.

Six3 Systems expects to post 2013 revenue of about $470 million. It employs about 1,600 professionals around the world. The deal is expected to close during CACI's fiscal second quarter, which ends in December.

The McLean, Va.-based company provides specialized products and services for the country's national security agencies, as well as customers in the intelligence, defense and private communities.

CACI expects the acquisition to boost its adjusted earnings per share for calendar year 2014 by at least 10 percent.

As part of the deal, CACI secured $800 million in financing. The acquisition will be financed through the new commitment, as well as existing debt.

Its shares fell 14 cents to $67.17 in morning trading Wednesday. Its shares have traded in a 52-week range of $48.56 to $70.

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