Sign In
Search
Business/Financial

SAIC Swings To Profit In Fourth Quarter But Margins Slide

Defense Daily Staff Defense Daily Staff
SHARE:

SAIC [SAI] on Tuesday posted positive net income in the fourth quarter after a loss a year ago was impaired by a hefty charge related to a workforce management system for New York City. Net income in the quarter was $182 million, 54 cents earnings per share (EPS), versus a loss of $161 million (49 cents EPS) a year ago, topping consensus estimates by two cents. Excluding the charge from the City Time contract, SAIC’s operating margins in the quarter…

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

Business/Financial

Australian Navigation Company To Begin Manufacturing In U.S.

Business/Financial

Anduril To Start New Baltimore Shipyard For Sub Parts With $3.7 Billion Investment

Business/Financial

TOTE Gets Promised Contract For MDA Vessel And Subcontracts To Hanwha Philly

Business/Financial

L3Harris Teams With Advanced Manufacturer Divergent On Wolfpack Production

Trending

BAE Systems Unveils Prototype High Power Microwave System For Killing Drone Swarms
RTX Unveils New Rocket Motor-Powered Variant Of Coyote Drone Interceptor
Sikorsky Developing ‘Black Hawk Next’ As A Follow-On to UH-60M
GD To Deliver All XM30 Prototypes By Late November, Tracks Downselect Decision In Spring 2027
Space Force Successfully Launches Northrop Grumman’s First Plane Of Transport Layer Satellites

Congress Updates

Budget

Hegseth Pushes For Reconciliation With At Least $350 Billion For Defense ‘Regardless’ Of Midterms Outcome

Defense Secretary Pete Hegseth said Wednesday the Trump administration plans to continue its push for at least $350 billion in defense funds via the reconciliation process “regardless of what happens […]

Congress

Bipartisan Push in Senate to Hasten Export of 155 mm, GMLRS, HIMARS for Ukraine

A small, bipartisan group of senators is backing the Fast Tracking European Investment in Ukraine’s Defense Act, S. 5175, to hasten the export of allied buys of U.S. munitions for […]

Congress

Rep. Himes Signals Increased Contractor Oversight, if Democrats Win House

Rep. Jim Himes (D-Conn.), the ranking member of the House Permanent Select Committee on Intelligence, plans to increase the committee’s contractor oversight if the Democrats win control of the House […]

Congress

CBO Estimates Loss of One-Half to Two-Thirds of U.S. Missile Interceptors Since June Last Year

A new Congressional Budget Office report estimates the cost of the Iran war through Aug. 1 as $38 billion and says that the U.S. has likely depleted between one-half and […]

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