The size of the addressable business market for the new Science Applications International Corp. [SAIC] will expand by about $25 billion once the company completes its spinoff from the current SAIC later this month, the chief of the new SAIC told investors last week. The split of SAIC [SAI] into two separately traded public companies, Leidos [LDOS] and SAIC on Sept. 30 will allow both new companies to compete for work that they currently are barred from or reluctant to…
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Congress Updates
Senators Push Navy Against Single Destroyer Request In FY ’27
The chairman of the Senate Armed Services Committee (SASC) and the two senators from Maine last week pushed back on Navy officials for only requesting one Arleigh Burke-class destroyer (DDG-51) […]
Navy Looks To Eventually Assemble Battleship At HII Newport News; Faces More Dem Opposition
The Navy told lawmakers this week it found a dry dock at HII’s [HII] Newport News Shipbuilding shipyard it thinks can use for final assembly of the new Trump-class battleship […]
Navy Leaders Downplay Looking At Foreign Navy Shipbuilding Amid Lawmaker Objections
The Navy’s top leaders this week seemed to downplay and back down on the service potentially using foreign shipyards to build U.S. Navy ships or buying foreign designed warships overseas […]
Senate Defense Appropriators See ‘Risk’ With Army’s Reconciliation Plan To Fund Munitions Increase
The Senate’s top defense appropriators cited concern this week with the Army’s request to fund the majority of its large increase to munitions procurement in fiscal year 2027 through the […]