:

Business/Financial

CACI Rounds Out Fiscal Year With Strong Fourth Quarter

By Cal Biesecker

Thursday, August 13th, 2020

SHARE:

CACI Rounds Out Fiscal Year With Strong Fourth Quarter

CACI President and CEO John Mengucci. Photo: CACI

CACI International [CACI] on Wednesday after the markets closed reported strong fourth quarter and fiscal year 2020 results marked by operational performance and robust order flow, easily overcoming challenges related to the COVID-19 pandemic and setting the government contractor up for gains in the new fiscal year. Net income soared 87 percent in the quarter to $93.7 million, $3.68 earnings per share (EPS), from $50 million ($1.96 EPS) a year ago, beating consensus estimates by 28 cents per share. The…

Navy Looks To Eventually Assemble Battleship At HII Newport News; Faces More Dem Opposition

The Navy told lawmakers this week it found a dry dock at HII’s [HII] Newport News Shipbuilding shipyard it thinks can use for final assembly of the new Trump-class battleship […]

Navy Leaders Downplay Looking At Foreign Navy Shipbuilding Amid Lawmaker Objections

The Navy’s top leaders this week seemed to downplay and back down on the service potentially using foreign shipyards to build U.S. Navy ships or buying foreign designed warships overseas […]

Army

Senate Defense Appropriators See ‘Risk’ With Army’s Reconciliation Plan To Fund Munitions Increase

The Senate’s top defense appropriators cited concern this week with the Army’s request to fund the majority of its large increase to munitions procurement in fiscal year 2027 through the […]

Army

Army Relooking At Its ‘Whole Aviation Transformation’ Plan, Acting Chief Tells Lawmakers

The Army is relooking at its “whole aviation transformation initiative,” the service’s acting chief of staff told lawmakers on Tuesday, to include its approach for future procurement of “enduring” platforms. […]