Ken Asbury: CACI Sets Bookings, Backlog Records in 2Q

Ken Asbury
Ken Asbury

CACI International (NYSE: CACI) has announced financial results for the second quarter of its 2015 fiscal year ended Dec. 31, 2014.

The Arlington, Va.-based government services contractor said its contract awards increased 162 percent to $1.88 billion from the prior year period and its total backlog as of Dec. 31, 2014 grew 29 percent to $9.8 billion, with $1.9 billion of that funded.

“We received record contract awards for the quarter, solid contract funding, and our backlog grew significantly, ” said Ken Asbury, CACI president and CEO.

“We also completed the substantial ramp-up associated with the significant growth of our background investigation work for the Office of Personnel Management, ” added Asbury, an inductee into Executive Mosaic’s Wash100 list for 2015.

CACI attributed its operating and net income figures in part to startup costs associated with the increase in background investigation work for OPM.

The company also said its $820 million purchase of Six3 Systems generated an additional 5 percent in earnings per share.

You may also be interested in...

Naval Strike Missile

State Dept Clears $300M Sale of Raytheon Technologies-Made Naval Missiles to Romania

The State Department approved Romania's request to buy anti-ship missile systems manufactured by Raytheon Technologies (NYSE: RTX) through a potential $300M foreign military sale transaction with the U.S. government. The company's missiles and defense business would deliver two units of the Naval Strike Missile Coastal Defense System and complementary equipment to Romania's government under the potential deal, the Defense Security Cooperation Agency said Friday.

August Jackson Senior Director Deltek

ArchIntel’s AI in Competitive Intelligence Virtual Event to Discuss Maintaining Competitive Advantage

Artificial intelligence (AI), machine learning (ML) and big data have transformed how businesses conduct competitive intelligence (CI) and how our stakeholders use the developed analyses. Additionally, the federal government has integrated emerging technologies to remain competitive across the defense landscape. To register for ArchIntel’s AI in Competitive Intelligence Virtual Event, as well as view upcoming opportunities, visit ArchIntel’s Event Page.