Defense contractors including CACI International and L-3 Communications said this week that government spending reductions are taking a toll on their profits. CACI reported Wednesday its quarterly sales fell nearly 6 percent to $814.7 million, primarily because of the military drawdown in Afghanistan and federal government budget reductions. Profits took a similar hit, falling close to 6 percent from the same three-month period a year ago to hit $31.1 million. At L-3, sales fell about 2 percent to $2.9 billion...
