:

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…

Congress

House Narrowly Votes To Pass $1.15 Trillion FY ‘27 NDAA, Blueprint For Reconciliation 3.0

The House on Wednesday narrowly voted to pass its $1.15 trillion version of the fiscal year 2027 National Defense Authorization Act (NDAA) and a blueprint for a third reconciliation bill […]

Congress

Senate Appropriators Press On Supplemental’s Requests Beyond Iran Scope, Hegseth Urges Full Funding

Senate appropriators have pressed Pentagon leadership on the decision to include funds in the Iran war supplemental request for items beyond the current military operation, while Defense Secretary Pete Hegseth […]

Congress

House Republicans’ Blueprint For Reconciliation 3.0 Includes $60 Billion For Defense

House Republicans on Wednesday unveiled a blueprint for a third reconciliation bill that includes $60 billion for defense, a figure slightly below the Trump administration’s request to cover Iran war […]

Congress

Senate Dems Block Consideration Of FY ‘27 NDAA Over Iran War Concerns

Senate Democrats on Tuesday blocked a vote to advance consideration of the chamber’s $1.14 trillion fiscal year 2027 National Defense Authorization (NDAA). The procedural vote was 46-50, failing to reach […]