Home / News / Weekly Roundup August 29 – September 2 2016: September Brings CR Talk Again, SAIC Earnings Due & more

Weekly Roundup August 29 – September 2 2016: September Brings CR Talk Again, SAIC Earnings Due & more

August 29 – September 2 2016

A Note From Our President & Founder Jim Garrettson

This calendar year so far has brought an unprecedented year of change and tectonic shifts to the government contracting sector and even with that said, what other catalysts could come in the last month of fiscal year 2016?

There is the traditional flurry of contract awards every September as federal agencies close their books and prepare for the next fiscal year.

Prospects of another continuing resolution also looms large over both agencies and industry with six-month or one-year short-term funding bills as possibilities to avoid another government shutdown like the one in October 2013.

Congress has not passed a budget on time since 2009 and relied on CRs to keep the government open and maintain spending at current levels.

Even with continued budget uncertainties, the business of government contracting will roll on in September and GovCon industry analysts will have their attention on Science Applications International Corp. next Thursday morning for that company’s earnings call.

SAIC will report second quarter financial results before markets open Thursday in the McLean, Virginia-based contractor’s first earnings statement since former parent Leidos doubled in size on Aug. 16 via the latter’s merger with the former Lockheed Martin services segment.

The companies now known as SAIC and Leidos were created in 2013 out of the “old” Science Applications International Corp. in a move that sought to eliminate organizational conflicts of interest between both entities.

The “new” SAIC took a large portion of enterprise IT-related work out of that separation now Leidos has moved into that arena via the merger.

Outside of the typical numbers-focused questions in every earnings call, analysts will also have the chance to ask SAIC leaders about the current CR situation and how they view the government IT market’s landscape now with the entry of a new but familiar competitor.

THE WEEK’S OTHER TOP 10 GOVCON STORIES

Harris Unveils 2 Board Appointments Under Jana Partners Pact
Barry Rosenstein’s activist hedge fund is one of Harris’ 10 largest shareholders and co-holds two mutual board appointments with the military radio maker.
NNSA Cancels $5B Nevada Site Mgmt Contract Award to NVS3T
NVS3T’s proposal did not describe the business’ transition from its status as a Lockheed Martin subsidiary to Leidos ownership, the agency said.
Navy Selects 4 Firms for $951M LCS Fleet Sustainment Support IDIQs
Task orders under the pair of five-year contracts will encompass maintenance and corrosion control services on Littoral Combat Ships.
Noblis’ Roger Mason: Career Path Understanding Key to Cyber Workforce Training, Retention Efforts
The Noblis SVP and ODNI veteran also offers his perspective on the analyst “tradecraft” and role of automation in network defense to ExecutiveBiz.
LMI Seeks to Expand Intell Community Services Through FourWinds Acquisition
FourWinds offers performance management, business analytics and strategic communications services to national security agencies.
Sprint to Update DISA Optical Transport Network Under Potential $216M Contract
DISA’s Defense Information Systems Network works to facilitate global information exchanges between end-user military communities.
US Navy, Canada’s Defense Dept Ink Blackjack UAS Sale Agreement
Canada will purchase one of the Insitu-built RQ-21A Blackjack in that unmanned aerial system’s first-ever foreign military sales transaction.
Day & Zimmermann Nabs Potential 10-Year $950M Contract to Supply Temporary Help for Tennessee Valley Authority
Company staffers will work to help the TVA address increased workloads at three of the agency’s nuclear power plants.
Air Force Taps Dynetics, Cummings Aerospace, GTARC for C4I & Munitions Test Program Support
Awardees will build hardware, software and prototype systems for the Air Force to test and evaluate technology and weapons systems.
Sapient, Luminoso Technologies Form AI Tech Partnership for Federal Clients
Team members will aim to help agencies adopt artificial intelligence tools in natural language processing and machine learning.

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