Aerospace Group:

Business/Financial

SAIC Posts Strong Fourth Quarter Earnings Despite Dip In Sales

By Cal Biesecker

Thursday, March 30th, 2017

SHARE:

SAIC Posts Strong Fourth Quarter Earnings Despite Dip In Sales

SAIC CEO Tony Moraco

Science Applications International Corp. [SAIC] on Thursday reported strong earnings in its fourth quarter despite a modest decline in sales.Net income jumped 29 percent to $36 million, 79 cents earnings per share (EPS), from $28 million (60 cents EPS) a year ago, topping consensus estimates by a penny. Earnings benefited from lower expenses in acquisition and integration, taxes and interest.Sales fell 4 percent to just over $1 billion from just under $1.1 billion a year ago. The company attributed the…

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 […]

Space

Upgrading Current GPS Ground System “Now a Viable Option,” As GPS OCX Problems Continue, Space Official Says

Upgrades to the GPS ground system–the Architecture Evolution Plan (AEP)–is an option under consideration by the Defense Department’s space acquisition chief, as problems continue in fielding the GPS Next Generation […]

Congress

Graham Says GOP To Move Ahead On Second Reconciliation Bill, With Defense Funds As Priority

Senate Budget Committee Chair Lindsey Graham (R-S.C.) said Wednesday, with the White House’s backing, his panel will move “expeditiously” on crafting a second reconciliation bill, citing priorities for defense and […]

Pentagon

Hegseth Acknowledges Potential $200 Billion Iran Supplemental Request, Final Figure ‘Could Move’

Defense Secretary Pete Hegseth on Thursday acknowledged the Pentagon could potentially ask Congress for $200 billion in supplemental funding to support the ongoing operation against Iran and replenish munitions used […]