:

Business/Financial

SAIC Posts Lower Earnings, Higher Sales In First Quarter

By Cal Biesecker

Monday, June 6th, 2022

SHARE:

SAIC Posts Lower Earnings, Higher Sales In First Quarter

SAIC CEO Nazzic Keene. Photo: SAIC

Science Applications International Corp. [SAIC] on Monday reported lower earnings on higher indirect costs in its first quarter of 2023 despite a solid increase in sales. Net income fell 11 percent to $73 million, $1.29 earnings per share (EPS), from $82 million ($1.38 EPS) a year ago. Adjusted earnings, which include acquisition, integration and restructuring costs, were $1.88 EPS in the quarter, 11 cents ahead of consensus estimates. Sales increased 6 percent to $2 billion from $1.9 billion a year…

Congress

Warren And Sheehy Renew Call for “Right to Repair” In NDAA

Sen. Elizabeth Warren (D-Mass.) and Sen. Timothy Sheehy (R-Mont.), two members of the Senate Armed Services Committee (SASC), are renewing their call for “Right to Repair” language in the National […]

HASC Looks To Restrict USV Deliveries Without Navy CONOPS And Strategy

The House Armed Services Committee’s (HASC) fiscal year 2027 defense policy draft bill aims to restrict the Navy’s use of unmanned surface vessels (USV) until it decides on key factors […]

Congress

Gaps In Army’s Tactical Counter-Drone Capabilities Remain Concern Of HASC

A draft defense policy bill released this week says the Army is fielding counter-drone capabilities for defense of fixed sites and maneuver forces but suggests that troops at the lowest […]

Army

HASC Wants Closer Look At Army’s SBMC Program, Cites Avoiding Past IVAS Missteps

The House Armed Services Committee (HASC) wants a closer look at the Army’s Soldier Borne Mission Command (SBMC) effort, citing support for the development program while expressing caution to avoid […]