:

Business/Financial

SI International’s Fourth Quarter Earnings Fall

DDN

Wednesday, February 20th, 2008

SHARE:

SI International [SINT] yesterday posted lower net income despite higher sales as higher operating expenses outpaced the gain in sales. Net income fell 13 percent to $5.2 million, 39 cents earnings per share (EPS), from $6 million (45 cents EPS), in line with analysts expectations. Sales increased 19 percent to $137.2 million from $115.6 million, with 7 percent of the growth organic. Excluding the acquisition of LOGTEC last summer, growth was driven by the company's federal civilian information technology contracts.…

Army

Army Plans To Initiate ISV-Heavy Competition Later This Year, Official Says

The Army is planning to initiate its competition to build the Infantry Squad Vehicle (ISV)-Heavy in the fourth quarter of this year, a senior acquisition official has said. Jesse Tolleson, […]

Senate Authorization Bill Restricts Building Navy Warships Overseas With Limited Exception For Auxiliaries

The Senate Armed Services Committee’s (SASC) version of the FY 2027 defense policy bill looks to cut the ability for the Trump administration to buy foreign-made warships, but still allow […]

Army

Army ‘Looking At Options’ For Supporting Munitions Boost Plans If Reconciliation Fails, Official Says

The Army is “looking at options” for how it would support planned boosts to munitions production if Congress doesn’t pass a reconciliation bill with the requested funding, a senior acquisition […]

Build Of At Least 45 MQ-9s By Start Of FY 2029 Required By SASC Bill

Down to an inventory of 135 MQ-9A Reapers due to the loss of two dozen aircraft in strikes on Iran, the Air Force would have to field at least 45 […]