CACI International Inc.
CACI, founded in the early 1960s as California Analysis Center Inc., is almost entirely a Beltway Bandit—some 94 percent of its revenue is derived from contracts with the U.S. government. About two-thirds of that revenue comes from the Pentagon, but CACI also enjoys the patronage of the Departments of Homeland Security, State, Commerce, Justice and Transportation. At the end of its last fiscal year, CACI had a contract backlog worth some $6.4 billion.
The company started out in the field of simulation software and then rode the wave of increased federal spending on information technology and networks. It has grown to a $2 billion business in part through an aggressive program of acquisitions of other federal contractors. In recent years, many of those purchases were of companies profiting from the boom in outsourcing by U.S. civilian intelligence agencies and the intelligence branches of the military.
One of those acquisitions made CACI somewhat less cocky. When reports of inmate torture and abuse at the U.S-run Abu Ghraib prison in Iraq came to light in 2004, there were charges that civilian interrogators employed by a recently acquired CACI subsidiary were involved. CACI managed to avoid prosecution by the federal government, but it is facing civil litigation brought in U.S. courts on behalf of the Iraqi victims.