Aerospace Group:

Business/Financial

CACI Lowers FY ’14 Financial Guidance Amid Persistent Headwinds

By Cal Biesecker

Friday, April 4th, 2014

SHARE:

CACI Lowers FY ’14 Financial Guidance Amid Persistent Headwinds

CACI President and CEO Ken Asbury

CACI International [CACI] on Wednesday lowered its top and bottom line expectations for its current fiscal year due to continued contract delays, slower run rates and the decline in purchases related to Afghanistan. Following congressional passage in January of an omnibus appropriations act to fund the federal government through the end of September and to put sequestration on the backburner for two years, CACI and other companies believed that there would be more clarity regarding federal spending and opportunities for…

Congress

Trump Wants Second Reconciliation Bill On His Desk By June 1

President Donald Trump on Wednesday called on Congress to pass and send a second reconciliation bill to his desk by June 1. The deadline follows congressional Republicans’ backing a pursuit […]

Space

Upgrading Current GPS Ground System “Now a Viable Option,” As GPS OCX Problems Continue, Space Official Says

Upgrades to the GPS ground system–the Architecture Evolution Plan (AEP)–is an option under consideration by the Defense Department’s space acquisition chief, as problems continue in fielding the GPS Next Generation […]

Congress

Graham Says GOP To Move Ahead On Second Reconciliation Bill, With Defense Funds As Priority

Senate Budget Committee Chair Lindsey Graham (R-S.C.) said Wednesday, with the White House’s backing, his panel will move “expeditiously” on crafting a second reconciliation bill, citing priorities for defense and […]

Pentagon

Hegseth Acknowledges Potential $200 Billion Iran Supplemental Request, Final Figure ‘Could Move’

Defense Secretary Pete Hegseth on Thursday acknowledged the Pentagon could potentially ask Congress for $200 billion in supplemental funding to support the ongoing operation against Iran and replenish munitions used […]