:

Business/Financial

SAIC Posts Higher Earnings, Sales In Third Quarter

By Cal Biesecker

Friday, December 4th, 2020

SHARE:

SAIC Posts Higher Earnings, Sales In Third Quarter

SAIC CEO Nazzic Keene. Photo: SAIC

Science Applications International Corp. [SAIC] last Thursday reported higher earnings and sales in its third quarter, overcoming headwinds from the coronavirus pandemic. Sales increased 12 percent to $1.8 billion from$1.6 billion a year ago due to the acquisition earlier this year of the federal business of Unisys [UIS]. Excluding the acquisition, organic revenue was down nearly a percent due to an estimated $60 million impact from COVID-19 and the completion of certain contracts. The hits to the top line from…

Budget

House Appropriators Uncertain Navy Will Award F/A-XX Contract By August

House appropriators said they are skeptical the Defense Department will award the engineering and manufacturing development (EMD) contract for the Navy’s F/A-XX next-generation carrier-based fighter program by the most recent […]

Congress

House Appropriators Approve $1.07 Trillion FY ‘27 Defense Bill Amid Reconciliation Uncertainty

The House Appropriations Committee has approved its $1.07 trillion fiscal year 2027 defense spending bill, advancing a bill with a historic topline while uncertainty lingers over Congress’ next step to […]

Budget

House Appropriators Add Restrictions And Reporting Requirement To Battleship, Reject Cut

The chairman’s mark of the House Appropriations Committee’s (HAC) fiscal year 2027 defense appropriations bill funds the administration’s $1 billion request for the BBG(X) Trump-class battleship, but adds restrictions requiring […]

Congress

House Appropriators Concerned With ‘Risky’ Reconciliation Approach To Fund Munitions, F-35 Plans

The House Appropriations Committee has raised concern with the Trump administration’s “risky” approach to seeking significant fiscal year 2027 funding for key priorities such as critical munitions and F-35 procurement […]