CACI International has reported a 23 percent rise in quarterly profits over last year, due to rising revenues and lower tax rates. Profits increased to nearly $29 million, or 95 cents a diluted share, for the fourth quarter ending June 30, from $23.5 million net profit (77 cents a share) a year earlier. CACI exceeded analysts’ expectations of 92 cents a share. Quarterly revenue increased 11 percent to $728.9 million. CACI still expects a per-share profit of between $3.20 to $3.40 a share for fiscal ’10, ending next summer, in line with analysts’ expectations of $3.34 a share.
AECOM (NYSE: ACM) has been awarded a one-year, $101M contract modification for logistics support to the Army Prepositioned Stocks-5 program. The company's management services business will continue helping the service brand manage the supply and transportation of APS-5 equipment for soldiers in Camp Arifjan, Kuwait and Doha, Qatar, the Department of Defense said Monday.
BAE Systems’ ordnance systems business has secured a two-year, $180.1M contract modification to continue helping the U.S. Army operate and maintain a Radford, Va., factory for rocket and missile propellants.