# Stagwell Targets Government Contracts

Stagwell reported Q3 2026 net revenue of $664 million, up 8% year over year, and EBITDA of $145 million, up 25%. CEO Mark Penn said the company is looking toward government-sector work, signaling potential entry or expansion into public-sector business. Reporting also cited a new five-year, $1.5 billion deal involving federal contractor CACI, but did not specify its scope, government customer, or whether it represents a government contract.

- Procurement teams and contractors should distinguish Stagwell’s stated interest in government work from an identified solicitation, award, or agency requirement; none is specified in the signal.
- Contractors evaluating market competition or potential teaming should verify the CACI deal’s parties and scope before treating it as evidence of a specific government opportunity.

**Jurisdictions:** federal
**Published:** October 29, 2026

### Vendors
- Stagwell ()
- CACI ()

### Sources
- [Stagwell Posts Best Results Yet as Mark Penn Eyes Government Contracts](https://www.adweek.com/agencies/stagwell-posts-best-results-yet-as-mark-penn-eyes-government-contracts) - ADWEEK