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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.

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