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SAIC Posts Strong Third Quarter

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SAIC [SAI] on Monday reported strong earnings and sales in its fiscal year 2008 third quarter as the company benefited from growth in defense, intelligence and homeland security programs. Net income increased 7 percent to $105 million, 25 cents earnings per share (EPS), from $98 million (28 cents EPS). Excluding discontinued operations, which cost SAIC $3 million in the quarter versus a $25 million gain a year ago, income from continuing operations increased 21 percent to $109 million from $90…

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