Asbury has made business development a key focus of his first year, including two new hires: Donald Fulop, a former Lockheed Martin executive, and Suzan F. Zimmerman, who previously worked at Qinetiq North America and Science Applications International Corp.

He also roped CACI’s largest acquisition to date in Six3 Systems, an intelligence contractor. For a price of $820 million, CACI has gained about 1,600 new employees and an estimated $470 million in 2013 revenue. CACI, founded in 1963, has grown over the years through 57 acquisitions.

In the coming year, Asbury said CACI will still be looking out for acquisitions but, unlike some companies, won’t be moving into different sectors. As other contractors consider commercial or international work to cope with shrinking government budgets, Asbury said he’s convinced there’s enough money in CACI’s core markets.

In Iraq and Afghanistan, for instance, the contractor has provided intelligence and reconnaissance services.

That need is much reduced, Asbury acknowledged, but CACI won’t “abandon those markets,” he said. Instead, it’s looking to other parts of the world, such as Africa, where these services might be needed.

“It’s a smaller budget, but not that much smaller,” he said of government spending.

Still, Asbury said the company is acting aggressively to cut its costs. Additionally, CACI is pursuing what Asbury described as campaigns, or a targeted group of large contracts that CACI wants to win to help it raise its profile and act as something of an “insurance policy” if it loses some smaller programs.

“We want to go after larger jobs,” said Asbury, who added that he’s told his staff that contracts within this effort should be worth at least $1 billion. He said the first result of this iniative should come to fruition in 2014.

And while the shutdown proved disruptive in the early months of Asbury’s tenure, he said the company managed to avoid furloughing anyone.

George A. Price Jr., senior equity research analyst for aerospace, defense and government services at BB&T Capital Markets, said it’s too soon to evaluate how well Asbury’s strategy is working.

“With the government shutdown and the uncertainty … it’s kind of early to expect that you’re going to see some dramatic results,” he said. “Certainly, I would expect in 2014, they’d want to be able to point to some solid progress and tangible results.” Story By: www.washingtonpost.com

“DRC’s leadership team has successfully repositioned the company in high priority market areas. The company’s impressive contract portfolio significantly expands our combined market opportunity in areas where we currently do not have an existing customer relationship or where we are currently underrepresented. I look forward to welcoming DRC’s highly-talented employees to the Engility team.”

Under the terms of the agreement, Engility will commence a tender offer for all outstanding shares of DRC common stock at a price of $11.50 in cash for each outstanding share. The transaction, which was unanimously approved by the boards of directors of both companies, is expected to be accretive to Engility’s 2014 earnings and significantly accretive to 2015 earnings and beyond. The acquisition is anticipated to close during the first quarter of 2014, subject to customary closing conditions and regulatory approval.

Founded in 1955, DRC has a proven track record of supporting the government’s highest priority programs in the Science and Engineering, IT, and technical and management consulting markets. DRC’s broad portfolio of over 300 active contracts, with prime positions on key Department of Defense (DoD) and federal civilian agency Indefinite Delivery, Indefinite Quantity (IDIQ) contract vehicles, will expand Engility’s addressable market and further diversify its customer base in the U.S. Air Force, U.S. Navy, Department of Health and Human Services, Department of Veterans Affairs, Department of Homeland Security, Intelligence Community, and other federal civilian and DoD customers. DRC has more than 1,100 employees, is a prime contractor on approximately 80% of its work, and has a track record of solid financial performance, with estimated revenue in 2013 of $274-277M and adjusted EBITDA of $24.3-24.7M.

Jim Regan, DRC’s Chairman and CEO, added, “We are very excited to join the Engility team. Its customer and mission focus, long-term growth strategy and competitive business model are differentiated in the pure-play services market. Engility’s scale and ability to focus on growth in our high priority markets offers compelling new opportunities to both our employees and customers. It is a great cultural fit, and our customers will benefit from our combined expertise and broader service offerings.”

Completion of the transaction is subject to, among other things, the valid tender without withdrawal of a two-thirds majority of the outstanding shares of DRC common stock, regulatory approvals including approval under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 and other customary closing conditions. Following completion of the tender offer, subject to customary exceptions, any shares of DRC stock not tendered will be converted into the right to receive the same price per share paid by Engility in the tender offer. The transaction is not subject to any financing condition.