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Dan Allen: CACI Expects ‘Minimal’ Sequestration Effect in FY 2013

Dan Allen: CACI Expects 'Minimal' Sequestration Effect in FY 2013 - top government contractors - best government contracting event
Dan Allen, CACI
Dan Allen: CACI Expects 'Minimal' Sequestration Effect in FY 2013 - top government contractors - best government contracting event
Dan Allen, CACI

CACI International expects to see minimal impacts from sequestration during fiscal year 2013 if the cuts occur, President and CEO Dan Allen said Thursday.

Allen made the comments as part of his commentary and outlook regarding the company’s financial results for its first fiscal quarter for 2013 (click over to our sister site GovCon Wire for more coverage on CACI’s earnings report).

“Sequestration remains an issue, but we believe, even if it does occur, it will have minimal impact on CACI in this fiscal year,” Allen said.

In its release, the company cited potential spending cuts under sequestration as a factor that could lead to results differing materially from those anticipated.

Lockheed Martin Chairman and CEO Bob Stevens said last week the company did not expect the sequester, scheduled to kick in Jan. 2, to affect the company’s existing business before March.

Stevens also addressed the uncertainty contractors are facing due to the possibility of sequestration in July as part of the company’s financial release for its fiscal 2012 second quarter.

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