Sign In
Search

SAIC Turns Strong Profit, Sees Future Discretionary Defense Spending Flat To Down

DDN
SHARE:

By Calvin Biesecker SAIC [SAI] on Tuesday reported strong profit growth in its third quarter that was relatively in line with expectations, but its new chief executive warned that he believes future discretionary defense spending will be "flat to slightly negative" even if the next budget contains an increase over inflation. Any increase in the FY '11 Pentagon budget will mainly be for "must pay" expenses such as personnel, healthcare and operations and maintenance, Walt Havenstein, SAIC's CEO, said during…

Subscriber-only content. Please log in below.

Not a subscriber or registered user yet?

Please contact us at clientservices@accessintel.com or call us at 888-707-5814 (Monday – Thursday 9:00 a.m. – 5:30 p.m. and Friday 9:00 a.m. – 3:00 p.m. ET.), to start a free trial, get pricing information, order a reprint, or post an article link on your website.

Recommended

International

RTX Nabs $1.1 Billion Mod For Nearly 2,000 Sidewinder Missiles

Air Force

Will $4 Billion For SB-AMTI/Space Data Network Backbone In Supplemental Reduce Or Add To Planned Funding For Systems In Reconciliation?

Air Force

Projected NGAL Wingspan And Carriage Fall Within Those Of C-5 And C-17

Business/Financial

Rocket Lab’s End-to-End Vision Comes Into Focus With ‘Transformative’ Iridium Deal

Trending

Honeywell Aerospace Begins Trading On Nasdaq
PACAF Evaluating Boeing MQ-28 Ghost Bat In Valiant Shield
Capella Prepares to Validate Mynaric Optical Terminal on Latest SAR Satellite
House Appropriators Uncertain Navy Will Award F/A-XX Contract By August
Trump Directive Wants Review Of Programs That Could Be Replaced By Drones

Congress Updates

Space

Will $4 Billion For SB-AMTI/Space Data Network Backbone In Supplemental Reduce Or Add To Planned Funding For Systems In Reconciliation?

Nearly all of the Department of the Air Force’s fiscal 2027 procurement and research and development (R&D) budget for space-based air moving target indication (SB-AMTI) and the Space Data Network […]

Congress

House Appropriators ‘Concerned’ With JLTV A2 Delays, Shift Funds For Marines’ Second Supplier Effort

House appropriators have said they’re “seriously concerned” with Joint Light Tactical Vehicle (JLTV) A2 delays, as their fiscal year 2027 defense spending bill shifts funds to support the Marine Corps’ […]

Budget

House Appropriators Uncertain Navy Will Award F/A-XX Contract By August

House appropriators said they are skeptical the Defense Department will award the engineering and manufacturing development (EMD) contract for the Navy’s F/A-XX next-generation carrier-based fighter program by the most recent […]

Congress

House Appropriators Approve $1.07 Trillion FY ‘27 Defense Bill Amid Reconciliation Uncertainty

The House Appropriations Committee has approved its $1.07 trillion fiscal year 2027 defense spending bill, advancing a bill with a historic topline while uncertainty lingers over Congress’ next step to […]

The Force Multipliers

Force Multipliers

Michael Harrison – SANS Institute

Force Multipliers

Michael DiOrio – Dataminr

Force Multipliers

Arne Brinck – Dark Wolf Solutions

Force Multipliers

Jags Kandasamy – Latent AI

Job Feed

Post a Job // Post a Resume