Earnings Up for CACI

Continuing the trend seen with L-3 Communications CACI reports growth of almost 15% for the last quarter. PR Newswire carries the press release stating that earnings were up 15.9 percent for the quarter ending December 31. The company did increase its revenue projection for all of 2009, but did not raise their earnings. CACI feels that some of their increased U.S. operations will be offset by exchange rate issues and their work in Europe. So far the contractors that are almost exclusively defense related are doing well with earnings. Companies like Boeing which rely on the civil sector as well have not reported out great numbers.