December 10 Market Close: GovCon Index Tumbles, SAIC Jumps for 2nd Straight Day

GovConIndex
The GovCon Index tumbled 2.055 percent — or 1.394 points — to close at 69.214 on a Wednesday that saw only two out of 30 companies on the index show gains: Science Applications International Corp. (NYSE: SAI) and Serco Inc. SAIC’s stock price increased for a second consecutive day after the company said its third-quarter revenue increased 2 percent year-over-year when excluding...

SAIC Reports Slight 3Q Revenue, Profit Bumps

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Science Applications International Corp. (NYSE: SAI) has reported financial results for the third quarter of the company’s 2015 fiscal year ended Oct. 31, 2014, almost a year after SAIC completed its separation from the company now known as Leidos (NYSE: LDOS). McLean, Virginia-based SAIC officially became an independent company on Sept. 27, 2013 during the first quarter of the 2014 fiscal...

DLA Issues 5-Month, $58M Maintenance IDIQ to SAIC

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The Defense Logistics Agency has awarded a five-month, $58 million contract to Science Applications International Corp. (NYSE: SAI) for continued maintenance, repair and operations services. SAIC will perform work in New Jersey through March 2015 under the firm-fixed-price, indefinite-delivery/indefinite-quantity, prime vendor contract, the Defense Department said Friday. Federal civilian agencies,...

Mark Escobar: SAIC Continues Defense Logistics Agency Support with $282M Contract

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Science Applications International Corp. (NYSE: SAIC) has been awarded a $282 million contract to continue helping the U.S. Defense Logistics Agency deliver maintenance, repair and operational services at military bases in Hawaii. SAIC and DLA will also work to provide MRO services to defense and federally-run facilities across Guam and Kwajalein Atoll in the western Pacific under the five-year contract,...

Mark Escobar: SAIC to Help Manage Supply Chain, Logistics at Navy Fleet Readiness Hubs

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Science Applications International Corp. (NYSE: SAIC) has won a potential 10-year, $240 million contract to provide supply chain management and logistics services to the U.S. Navy‘s fleet readiness centers. The FRCs work to maintain and repair naval aircraft, as well as build airframes, engines, components and support equipment for the Naval Aviation Enterprise, SAIC said Monday. The indefinite-delivery/indefinite-quantity...

Executive Mosaic Launches GovConIndex

GovConIndex
Executive Mosaic Inc. has launched the Executive Mosaic GovConIndex; a composite index that tracks 30 of the leading publicly traded Government Contracting (GovCon) Companies. The goal of the index is to measure the health and performance of the GovCon industry through changes in the aggregate price of the component stocks. The represented companies are many of the industry’s largest and most prestigious...

SAIC Lands $424M Defense Logistics Agency Maintenance, Operations Contract

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Science Application International Corp. (NYSE: SAIC) has won a $423.8 million contract with the Defense Logistics Agency to provide maintenance, repair and operations services to the U.S. military. The contract contains a two-year base period and two 18-month options, the Defense Department said Monday. The Fairfield, New Jersey-based company will perform the services for the U.S. Army, Navy,...

SAIC to Provide Navy With Supply Chain Mgmt Support for Up to $144M

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Science Applications International Corp. (NYSE: SAIC) has won a potential 10-year, $144 million supply chain management contract for the U.S. Navy‘s industrial hardware used in the repair, maintenance and overhaul of aviation equipment. The Defense Department said Friday work on the indefinite-delivery/indefinite-quantity contract will be performed in California, Florida, North Carolina and...

Former SAIC, Deloitte BD Chief Brad Center Joins HighPoint Global; Tom Miller Comments

Brad Center
Brad Center Brad Center, formerly a head of business development at Deloitte Services and Science Applications International Corp. (NYSE: SAIC), has joined HighPoint Global to lead the development of offerings for government and commercial clients. HighPoint said Thursday that Center previously worked with government agencies such as the General Services Administration and Treasury Department and...

Kimberly Admire to Lead SAIC’s Human Resources Office; Tony Moraco Comments

Kimberly Admire
Kimberly Admire, formerly vice president of culture, diversity and equal opportunity programs at Lockheed Martin (NYSE: LMT), will take the chief human resources officer role at Science Applications International Corp. (NYSE: SAIC). She will succeed Brian Keenan, who served in that role since 2007, beginning Aug. 11, SAIC said Monday. “Kim brings more than 20 years of industry experience and...