CACI chief says company is working to eliminate its need for Section 3610

CACI International has reduced its reliance on legislation reimbursing contractors to remain in a ready state during the ongoing pandemic, according to the company's chief executive.

John Mengucci, CACI's chief executive, spoke at a Morgan Stanley conference last week. While conference organizers indicated the event was not open to the media, it was shared on CACI's website.

Mengucci said CACI initially was using Section 3610 of the Coronavirus Aid, Relief, and Economic Security Act for about 10% of its labor hours.

By August, that number was down to 5%, he said, and it's now "somewhere in the 3% range."

As long as there aren't further spikes of COVID-19 cases, the company expects to cut that number to zero, Mengucci added.

Meanwhile, though 3610 is set to expire at the end of this month, the House has filed a stopgap continuing resolution that would extend the provision.

Mengucci said regardless of political preferences, the provision matters "to the security of this nation," adding he's optimistic it will be extended.