CACI CEO says company likely won't make large acquisition in near future

Ken Asbury, chief executive of CACI International, told Inside Defense today the contractor is comfortable with its size -- even as other contractors in the market continue to bulk up. Leidos, for instance, last month announced it would combine with Lockheed Martin's IT services unit to create a $10 billion contractor.

CACI this week completed its $550 million purchase of L-3 Communications' services business, bringing its annual sales to about $4.4 billion.

Asbury said the integration process is underway. CACI will retain the "same number of business groups, but they're going to be quite a bit larger," he said, calling the deal a "dream acquisition."

"It filled a big strategic need for us," Asbury said. "It makes us a very big player in enterprise IT, largely inside the intelligence community."

He said CACI may consider smaller deals, but is likely to "spend some time really getting the value out of" its newest acquisition.

"We're trying to figure out strategically, where do you need to be," Asbury told Inside Defense. "I don't know how much more competitive we would be if we were $10 billion."

CACI late Wednesday announced that sales in its most recent quarter hit $830 million, up nearly 2 percent from the same period the prior year. Quarterly profit reached $30.3 million, up 23 percent from the previous year.