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.
Air Force Selects Boeing, Lockheed, Raytheon Technologies for Hypersonic Cruise Missile Tech Design Program
The U.S. Air Force has indicated its intent to solicit design proposals from Boeing (NYSE: BA), Lockheed Martin (NYSE: LMT) and Raytheon Technologies (NYSE: RTX) for a hypersonic cruise missile technology that can be launched from a fighter or a bomber aircraft.
SRI International has secured a potential seven-year, $100M contract to help a National Institutes of Health component develop methods to medical conditions caused by direct exposure or contamination from radioactive materials.