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Business/Financial

SAIC Posts Third Quarter Gains But Trims Growth Expectations For Year

DDN

Friday, December 10th, 2010

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By Calvin Biesecker SAIC [SAI] on Wednesday posted strong third quarter gains in its operating income amid a modest rise in sales, but the company said growth for the year would be less than expected due to headwinds in the federal market. Those headwinds include delays in procurement decisions and converting contract wins into revenues, Walt Havenstein, SAIC's CEO, said during the analyst call. These delays stem from a number of factors, including an increased workload on government officials due…

HASC Looks To Restrict USV Deliveries Without Navy CONOPS And Strategy

The House Armed Services Committee’s (HASC) fiscal year 2027 defense policy draft bill aims to restrict the Navy’s use of unmanned surface vessels (USV) until it decides on key factors […]

Congress

Gaps In Army’s Tactical Counter-Drone Capabilities Remain Concern Of HASC

A draft defense policy bill released this week says the Army is fielding counter-drone capabilities for defense of fixed sites and maneuver forces but suggests that troops at the lowest […]

Army

HASC Wants Closer Look At Army’s SBMC Program, Cites Avoiding Past IVAS Missteps

The House Armed Services Committee (HASC) wants a closer look at the Army’s Soldier Borne Mission Command (SBMC) effort, citing support for the development program while expressing caution to avoid […]

HASC Bill Funds Second Destroyer, Adds Several Multi-Ship Procurements, Puts Limits On Battleship

The House Armed Services Committee (HASC) chairman’s mark of the fiscal year 2027 defense authorization act, released May 26, largely approved the Navy’s shipbuilding request, but it added funds to […]