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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…

Congress

SASC Cites Concern With Army’s sUAS Approach, Seeks Info On Plans To Scale Fielding

Senate defense authorizers are seeking more info from the Army on its plans for scaling and deploying small drone capabilities citing concern with the service’s current “fragmented and insufficient” approach. […]

SASC Bill Would Raise Amphib Requirement To 33 Ships

The Senate Armed Services Committee’s (SASC) fiscal year 2027 defense policy bill adds new provisions that would raise the Navy and Marine Corps’ minimum requirement for amphibious warships and extend […]

Army

Army Plans To Initiate ISV-Heavy Competition Later This Year, Official Says

The Army is planning to initiate its competition to build the Infantry Squad Vehicle (ISV)-Heavy in the fourth quarter of this year, a senior acquisition official has said. Jesse Tolleson, […]

Senate Authorization Bill Restricts Building Navy Warships Overseas With Limited Exception For Auxiliaries

The Senate Armed Services Committee’s (SASC) version of the FY 2027 defense policy bill looks to cut the ability for the Trump administration to buy foreign-made warships, but still allow […]