:

Business/Financial

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

DDN

Friday, September 4th, 2009

SHARE:

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…

Army

Hegseth Says DoD Open To Reviewing Army’s Planned Cuts To Legacy Helicopter Procurement

Defense Secretary Pete Hegseth has told lawmakers the Pentagon is open to reviewing the Army’s planned procurement cuts to its legacy manned aviation fleet. Rep. Rosa DeLauro (D-Conn.), ranking member […]

Congress

Appropriators Press For Details On Iran War Costs; DoD’s $29B Estimate Doesn’t Include Base Damage

The Pentagon estimates the U.S.’ ongoing conflict with Iran has now cost at least $29 billion, while a lead official noted the updated figure does not factor in damage to […]

Congress

Appropriators Offer Skepticism On $350B Defense Reconciliation Plan, ‘Big Risk’ For Key Initiatives

Senate and House Appropriators told Pentagon leadership on Tuesday they’re skeptical of the department’s plan to fund $350 billion of the fiscal year 2027 defense budget through the reconciliation process, […]

Congress

All Future Systems Should Have Autonomy Features, Reed Says

Last week, Sen. Jack Reed (D-R.I.) visited North Kingstown, R.I.-based Senesco, which is teaming with autonomous systems company Havoc to bid on the U.S. Navy’s Medium Unmanned Surface Vessel program. […]