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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…

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 […]

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 […]