Aerospace Group:

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…

Army

Army Secretary Says “We Need To Over-Invest in FLRAA To Get It Online As Quickly As Possible”

Rep. Ken Calvert (R-Calif.), chairman of the House Appropriations Committee’s defense panel (HAC-D), said on Thursday that the Army’s budget plan beginning in fiscal 2027 has more than $2 billion […]

Congress

Pentagon Fiscal 2027 Budget To Address Cannibalization Of Parts For F-35, Legislator Says

The Pentagon’s upcoming fiscal 2027 budget request will help reduce the cannibalization of parts for the F-35 fighter by Lockheed Martin [LMT], the chairman of the House Armed Services Committee’s […]

Budget

Trump’s $1.15 Trillion Request For DoD Is The ‘New Normal,” HASC Chairman Says

COLORADO SPRINGS, Colo.—The Trump administration’s nearly $1.2 trillion baseline defense budget request for fiscal year 2027 will be adopted and will be the foundation for the “new normal” going forward, […]

Congress

Trump Wants Second Reconciliation Bill On His Desk By June 1

President Donald Trump on Wednesday called on Congress to pass and send a second reconciliation bill to his desk by June 1. The deadline follows congressional Republicans’ backing a pursuit […]