CACI International CEO Ken Asbury has said the company is regularly looking at opportunities for mergers and acquisitions nearly seven months after its $820 million acquisition of Six3 Systems, the Washington Business Journal reported Thursday.
“We’re continuing to look at companies in the M&A space to add a new customer, a new set of techniques, particularly as we see the world ahead largely defined by customers wanting to buy more affordable solutions,” CEO Ken Asbury said.
Jill Aitoro writes CACI that still has an estimated $500 million credit available plus cash on hand to continue exploring M&A, which the company has identified as its top priority.
Even as CACI sees a potential drop in sales for fiscal 2014, its projections for fiscal 2015 indicate $3.3 billion in revenue, a $125 million net income and $5.10 diluted earnings per share, the report said.
These figures already take into consideration the potential decline in sales and earnings compared to this fiscal year, said Tom Mutryn, CACI’s chief financial officer, according to the report.