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Business/Financial

Everything But Kitchen Sink Weighs On Second Quarter Results At SAIC

Defense Daily Staff

Thursday, September 5th, 2013

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The ongoing federal budget sequester, protested award decisions, troubled programs, ongoing plans to separate into two companies, an impairment charge related to a three-year old acquisition, and the drawdown of United States forces in southwest Asia all conspired to drive down SAIC’s [SAI] earnings and sales by double-digits in the company’s second quarter. The second quarter results, coupled with a dire outlook for the remainder of its fiscal year, led SAIC yesterday to lower its earnings and sales forecast for…

Advanced / Transformational Technology

Pentagon May Make ‘Tradeoffs’ For Low-Cost Autonomous Tech Without Reconciliation Funds, CTO Says

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Congress

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Congress

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Congress

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