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CACI Lowers FY ’14 Financial Guidance Amid Persistent Headwinds

Cal Biesecker By
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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…

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