CACI International [CAI] recently reported solid third quarter financials that were a record for sales and earnings although growth rates slowed after a strong first half to its fiscal year. Net income rose 5 percent to $23.4 million, 77 cents earnings per share (EPS), versus $22.3 million (74 cents EPS) a year ago, nipping analysts' expectations by a penny. Sales increased above 6 percent to $674 million from $634.2 million a year ago. Organic growth was nearly 6 percent. Through…
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Congress Updates
House Appropriators Unveil $1.07 Trillion FY ‘27 Defense Bill, Restore Funds For E-7, Army Aviation
House appropriators on Wednesday released their $1.07 trillion fiscal year 2027 defense spending bill, with the legislation reversing Army aviation cuts, restoring funding for the Air Force’s E-7 Wedgetail program […]
MOSA Implementation By Pentagon Lagging, GAO Official Says
While the Modular Open Systems Approach (MOSA) has been a requirement for major defense acquisition programs since January 2019 and other Defense Department acquisitions since January 2021, few programs are […]
HASC Wants Info On Army’s Plans To Pursue Autonomous Aerial Delivery, Surface Vessels For Logistics
The House Armed Services Committee (HASC) added several measures to its version of the next defense policy bill seeking more details from the Army on efforts to develop future logistics […]
McConnell: “Safe To Conclude There Will Not Be A Third Reconciliation Bill”
Two top GOP senators on the Senate Appropriations Committee are opposing a third reconciliation bill. The Trump administration’s total $1.5 trillion fiscal year 2027 defense request is split between $1.15 […]
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