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SAIC Swings To Profit In Third Quarter; Details Of Separation Plan Emerge

Defense Daily Staff Defense Daily Staff
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SAIC [SAI] on Wednesday said it had swung to a profit in its third quarter compared to a year ago when the company took a hefty charge related to a workforce management contract in New York City. The company also said it is making progress in its plans to separate into two separately traded companies, announcing key leadership positions and saying it has completed detailed organizational designs and structures. Net income was $112 million, 33 cents earnings per share (EPS),…

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