:

Business/Financial

SI International Posts Big Earnings Decline

DDN

Wednesday, July 30th, 2008

SHARE:

SI International [SINT] yesterday said that its net income fell 24 percent in the second quarter despite strong sales growth as delays in several programs crimped margins. The company also announced this week that its planned $25 million acquisition of government services provider Arrowpoint Corp. has been terminated by mutual agreement. For the quarter SI International said net income fell 24 percent to $3.8 million, $29 cents earnings per share (EPS), from $5 million (38 cents EPS) a year ago.…

Senators Push Navy Against Single Destroyer Request In FY ’27

The chairman of the Senate Armed Services Committee (SASC) and the two senators from Maine last week pushed back on Navy officials for only requesting one Arleigh Burke-class destroyer (DDG-51) […]

Navy Looks To Eventually Assemble Battleship At HII Newport News; Faces More Dem Opposition

The Navy told lawmakers this week it found a dry dock at HII’s [HII] Newport News Shipbuilding shipyard it thinks can use for final assembly of the new Trump-class battleship […]

Navy Leaders Downplay Looking At Foreign Navy Shipbuilding Amid Lawmaker Objections

The Navy’s top leaders this week seemed to downplay and back down on the service potentially using foreign shipyards to build U.S. Navy ships or buying foreign designed warships overseas […]

Army

Senate Defense Appropriators See ‘Risk’ With Army’s Reconciliation Plan To Fund Munitions Increase

The Senate’s top defense appropriators cited concern this week with the Army’s request to fund the majority of its large increase to munitions procurement in fiscal year 2027 through the […]