CACI reports profit boost

CACI International late Wednesday reported flat sales and improved profit in its most recent quarter.

The contractor said sales hit $822 million, up about 1 percent from the same three-month period a year earlier. Profit rose 8 percent to reach $34 million.

Ken Asbury, CACI’s chief executive, told Inside Defense in an interview Thursday the industry would be helped by both the budget deal moving through Congress as well as a slower withdrawal of troops in Afghanistan.

“Those two things I think are, in the near-term -- the next year, next two years -- they’ll provide a little bit of lift inside of the entire industry base,” Asbury said.

He also told Inside Defense CACI has seen some reduction in the use of the lowest-priced, technically acceptable contracting approach.

“Let’s be clear -- price is always going to be a concern,” Asbury said.