:

Business/Financial

SAIC Posts Strong Third Quarter Results; Townes-Whitley Discusses DOGE

By Cal Biesecker

Thursday, December 5th, 2024

SHARE:

SAIC CEO Toni Townes-Whitley. Photo: SAIC

Science Applications International Corp. [SAIC] on Thursday posted strong third quarter fiscal year 2025 results driven by work on new and existing contracts. Net income rose 14 percent to $106 million, $2.13 earnings per share (EPS) versus $93 million ($1.76 EPS) a year ago. Adjusted earnings, which exclude non-recurring acquisition and restructuring costs, were $2.61 EPS, handily beating analysts’ estimates of $2.17 per share. Sales increased 4 percent to $2 billion from $1.9 billion a year ago. SAIC’s Civil segment…

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. […]

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 […]