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

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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…

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