Cramer's 'Mad Money' Recap: CACI's Defensive Growth

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There's money to be made off of news Republican U.S. Representative Randy "Duke" Cunningham of California accepted $2.4 million in bribes, said Jim Cramer Tuesday on his "Mad Money" TV show.

Cramer said private defense contractor MZM has been implicated in the bribery scandal and that Congress may have to cancel possibly tainted contracts with MZM or even stop doing business with the company. Such action would be a windfall for MZM's biggest competitor, CACI International (CAI Quote), said Cramer.

Cramer said CACI has already been scrutinized and appears "clean." What's more, CACI's stock would be worth owning without the potential windfall, he said. So, take a look at owning CACI before any possible new contracts are announced.

In response to a question about whether CACI could be a takeover target, Cramer said he did not believe so because CACI is more of a "people business" as opposed to a hardware or equipment business where there are potentially economies of scale.

Commenting on defense stocks in general, Cramer said he is in "don't buy" mode on the major defense contractors because he is concerned about defense spending given the costs to rebuild after hurricanes Katrina and Rita as well as the president's low approval rating.

CACI, however, is in a position to save the government money through outsourcing, said Cramer, so it is positioned to perform better.