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CACI Posts Record Quarterly Financial Results

CACI International [CACI] yesterday reported record quarterly income and sales due to strong operating performance, cost controls and growth in its core areas. Net income in the company's second quarter increased 28 percent to $33.2 million, $1.08 earnings per share (EPS), from $26.1 million (85 cents EPS) on a 12 percent boost in sales to $867.3 million from $776.7 million a year ago. Organic sales growth accounted for nearly 10 percent of the gain, driven by business in C4ISR services,…

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Congress Updates

CBO Estimates Loss of One-Half to Two-Thirds of U.S. Missile Interceptors Since June Last Year

A new Congressional Budget Office report estimates the cost of the Iran war through Aug. 1 as $38 billion and says that the U.S. has likely depleted between one-half and […]


Fischer Says Golden Dome Boosters Need To Increase Capitol Hill Support With Information, Warns Against Counting On Reconciliation

NATIONAL HARBOR, Md. – A Senate Armed Services panel chair today said boosters of the Golden Dome program still have work to do to increase support on Capitol Hill while […]


HII Executive Outlines Its Shipbuilding Acceleration Strategy

An HII [HII] shipbuilding executive last week told lawmakers how the company plans to improve and accelerate shipbuilding throughout via workforce improvements, adding new shipbuilding infrastructure and reinforcing distributed shipbuilding […]


House Sends Dec. 11 CR With Ship Construction Funds To Trump’s Desk For Final Signature

The House on Tuesday passed a stopgap funding bill to keep the government open through Dec. 11, sending the temporary funding measure that also includes funds to support ongoing shipbuilding […]