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Ken Asbury Named CEO At CACI; Jack London Comments

Ken Asbury
Ken Asbury

Ken Asbury, former president and CEO at ASRC Federal and a 27-year Lockheed Martin (NYSE: LMT) veteran, has joined CACI International (NYSE: CACI) as president and CEO, effective Wednesday.

CACI’s corporate business development organization will report directly to Asbury as part of an organizational restructuring, the company said Wednesday.

Asbury succeeds Dan Allen, a nearly three-decade veteran of companies such as Northrop Grumman (NYSE: NOC) and General Dynamics (NYSE: GD).

“In the government systems and services market, nothing is more important than the clients we serve – particularly when it comes to supporting national priorities and national security, ” Asbury said.

Jack London
Jack London

“The CACI board of directors looks forward to working closely with Ken as we move forward in these times of opportunity as well as challenge, ” said Jack London, executive chairman and chairman of the board.

As ASRC Federal’s chief executive, Asbury was responsible for setting strategic direction of the company’s federal business and for driving growth and development in its subsidiaries.

While at Lockheed, he oversaw the company’s technical operations, mission services and civil businesses.

As president of Lockheed’s civil business group, his unit won $3.7 billion in sales in 2009 and more than $6 billion in new contract orders, CACI said in its release.

Asbury also led Lockheed’s mission services team to a 75-percent new business win rate, according to the release.

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