Aerospace Group:

Business/Financial

SAIC Plans Split Into Two Companies; Second Quarter Results Mixed

Defense Daily Staff

Tuesday, September 4th, 2012

SHARE:

SAIC [SAI] on Thursday said it plans to spin off into two separate publicly traded companies focused on technical services and solutions respectively, saying both businesses will benefit from eliminating conflicts of interest thereby expanding their opportunities and improving their cost structures. The tax-free spin-offs, in which SAIC’s shareholders will own 100 percent of both companies, are subject to final approval by the company’s board and are expected to occur in the second half of 2013. SAIC also reported its…

Space

Upgrading Current GPS Ground System “Now a Viable Option,” As GPS OCX Problems Continue, Space Official Says

Upgrades to the GPS ground system–the Architecture Evolution Plan (AEP)–is an option under consideration by the Defense Department’s space acquisition chief, as problems continue in fielding the GPS Next Generation […]

Congress

Graham Says GOP To Move Ahead On Second Reconciliation Bill, With Defense Funds As Priority

Senate Budget Committee Chair Lindsey Graham (R-S.C.) said Wednesday, with the White House’s backing, his panel will move “expeditiously” on crafting a second reconciliation bill, citing priorities for defense and […]

Pentagon

Hegseth Acknowledges Potential $200 Billion Iran Supplemental Request, Final Figure ‘Could Move’

Defense Secretary Pete Hegseth on Thursday acknowledged the Pentagon could potentially ask Congress for $200 billion in supplemental funding to support the ongoing operation against Iran and replenish munitions used […]

Congress

Counter-Drone Flyaway Kit Used In U.S. In Early Hours Of Iran Strikes, NORTHCOM Head Says

U.S. Northern Command (NORTHCOM) used a counter small unmanned aircraft system (sUAS) flyaway kit (FAK) in the early hours of the strikes against Iran on Feb. 28, according to Air […]