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Business/Financial

SAIC Posts Strong 2nd Quarter Results; Awaiting Details On Insourcing

DDN

Friday, September 4th, 2009

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By Calvin Biesecker SAIC [SAI] on Tuesday reported strong earnings and sales for its second quarter and maintained its outlook for the fiscal year but is still awaiting key policy decisions from the Obama administration on government insourcing and conflicts of interest in contracting that will have a significant impact on the company and its competitors. The insourcing initiative "promises a headwind for the entire contracting base," Ken Dahlberg, SAIC's chairman and CEO, said on an earnings call. Guidance from…

Advanced / Transformational Technology

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

The Pentagon’s chief technology officer has said the department may need to make “tradeoffs” on certain capability priorities if Congress doesn’t pass a reconciliation with $350 billion in requested defense […]

Congress

SASC’s FY ‘27 NDAA Sticks With Army’s Plan For Legacy Aviation Procurement Cuts

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Congress

SASC Approves $1.14 Trillion FY ‘27 NDAA With ‘Right to Repair’ Reform, Stock Buyback Restriction

The Senate Armed Services Committee (SASC) has approved its $1.14 trillion version of the next defense policy bill, adopting “right to repair” reform to provide the military services’ greater ability […]

Congress

House Appropriators Unveil $1.07 Trillion FY ‘27 Defense Bill, Restore Funds For E-7, Army Aviation

House appropriators on Wednesday released their $1.07 trillion fiscal year 2027 defense spending bill, with the legislation reversing Army aviation cuts, restoring funding for the Air Force’s E-7 Wedgetail program […]