:

Business/Financial

SAIC Sales Up On Engility Acquisition, Earnings Up On Operating Results

By Cal Biesecker

Friday, September 6th, 2019

SHARE:

SAIC Sales Up On Engility Acquisition, Earnings Up On Operating Results

SAIC CEO Nazzic Keene. Photo: SAIC

Science Applications International Corp. [SAIC] on Thursday reported a hefty increase in second sales due solely to its acquisition earlier this year of Engility Corp. and net income increased due to better operating profit. The Engility deal expanded SAIC’s access to the intelligence community and space missions and the integration is going well and cost synergies have been accelerated, Nazzic Keene, SAIC’s new CEO, said Thursday evening on the company’s second quarter earnings call. Net income increased 16 percent to…

Congress

House Republicans Block Measure To Impeach Hegseth

House Republicans on Tuesday evening voted to block an attempt to impeach Defense Secretary Pete Hegseth. In a 211-204 vote, the House moved to refer Rep. Thomas Massie’s (R-Ky.) articles […]

Congress

Top House Defense Appropriator Calvert Officially Wins Reelection Bid

Rep. Ken Calvert (R-Calif.), House Republicans’ top defense appropriator, has officially won his reelection bid. Calvert was running for a redistricted seat against fellow House Republican Rep. Young Kim (R-Calif.), […]

Congress

No Path To Defense Reconciliation, Including GOP’s $350 Billion, Coons Says

Top Senate Democrats threw cold water on any GOP plans for a $350 billion fiscal 2027 reconciliation bill, or any defense reconciliation bill, before a new Congress is sworn in […]

Congress

Industry Groups ‘Urge’ Congress To Block Stock Buyback Restriction From Final FY ‘27 NDAA

More than three dozen industry associations on Monday called on congressional defense committee leaders to scrap a provision in the final version of the next National Defense Authorization Act that […]