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Stock Market & Financial Investment News

News Breaks
April 8, 2014
16:17 EDTSAICSAIC reports Q4 EPS 66c, consensus 65c
Reports Q4 revenue $941M, consensus $945.16M. Tony Moraco, SAIC CEO stated, "FY14 was a transformational year that provides the foundation for the future. Through deliberate and focused action, we have positioned SAIC to be more competitive in our marketplace as a new $4B company. This was the first full quarter as a separate company and was largely in line with our expectations," Moraco continued. "It provides SAIC a baseline to measure the progress of SAIC's strategic objectives for business performance aimed at increasing shareholder value."
News For SAIC From The Last 14 Days
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October 13, 2014
07:03 EDTSAICSAIC awarded $282M contract by Defense Logistics Agency
Science Applications International Corporation has been awarded an indefinite delivery/indefinite quantity contract by the Defense Logistics Agency to provide maintenance repair and operations tailored logistics support to Department of Defense and federal installations located in Hawaii, Guam and Kwajalein Atoll. The single-award, firm-fixed-price contract has a five-year period of performance and an estimated total contract value of more than $282M.
October 8, 2014
07:52 EDTSAICSAIC awarded GSA IT schedule 70 contract
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October 6, 2014
07:51 EDTSAICSAIC awarded the DLA Fleet Readiness vendor contract with a value of $240M
The Defense Logistics Agency awarded SAIC the Fleet Readiness Centers Industrial Product Support Vendor contract to provide the U.S. Navy's Fleet Readiness Centers with supply chain management and logistics support of pre-expended bin products and services. The single-award, indefinite delivery/indefinite quantity contract has a three-year base period, two two-year options, one three-year option, and a total potential value of $240M. Under the contract, SAIC aims to reduce time and cost required by the U.S. Navy to accomplish their maintenance, overhaul and repair of weapons systems and related missions; reduce inventory investment by the government; and maintain a fill-rate of 99 percent for all items of supply covered by the stock replenishment provisions.

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