:

Business/Financial

SAIC Posts Strong End To Fiscal Year

DDN

Thursday, March 27th, 2008

SHARE:

SAIC [SAI] on Tuesday reported strong fourth quarter financial results with sales and earnings rising double digits. Net income increased 18 percent to $99 million, 24 cents earnings per share (EPS), from $84 million (20 cents EPS) a year ago. Excluding discontinued operations, which consist of the former AMSEC joint venture with Northrop Grumman [NOC], the ANXeBusiness Corp., and Telcordia Technologies, income from continuing operations was up 23 percent to $103 million (25 cents EPS), topping consensus estimates by three…

Congress

Senate Appropriators Concerned With DoD’s Reconciliation Plan For Top FY ‘27 Priorities, Aide Says

Senate defense appropriators have concerns with the Pentagon’s decision to include key fiscal year 2027 funding priorities, such as critical munitions and drones production, among its request for $350 billion […]

Congress

With $1.5 Trillion Request, Army, Air Force, Navy’s Unfunded Lists Focus Solely On MILCON Projects

With the Trump administration’s push to massively increase defense spending to $1.5 trillion in fiscal year 2027, the Army, Air Force and Navy have eschewed submitting large unfunded priorities lists […]

Unmanned Systems

Bipartisan House Bill Would Give National Guard To Counter-Drone Authorities

Seeking to close gaps that may arise between state and local law enforcers in different jurisdictions, a bipartisan contingent of House members this week introduced a bill that would allow […]

Congress

Munitions Fired Represent Most of $25 Billion Spent By Pentagon on Iran War So Far

Munitions fired in the two-month old “Operation Epic Fury” against Iran represent most of the $25 billion cost the Pentagon has incurred thus far in the conflict, the acting Defense […]