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Lou Von Thaer Joins SAIC as Natl Security Sector Lead; John Jumper Comments

Lou Von Thaer Lou Von Thaer, president of General Dynamics‘ (NYSE: GD) advanced information systems business unit since 2005, has joined Science Applications International Corp. (NYSE: SAI) as president of its national security sector. The appointment is effective June 6 and Von Thaer will lead a business that will become part of Leidos, one of... 

SAIC FY 2013 Revenue Up 6%, Board Approves Special $1 Dividend; John Jumper Comments

John Jumper Science Applications International Corp. (NYSE: SAI) has announced financial results for its fourth quarter and full 2013 fiscal year, ended Jan. 31, 2013. Fourth quarter revenue rose 10 percent year-over-year, going from $2.47 billion in the prior year period to $2.71 billion. For fiscal 2013, the company reported a 6 percent revenue increase... 

GovCon Wire Tracks The Latest Industry Deals, Remakings

The mission of Government Contracting Wire, the long-form name of what readers know as GovCon Wire, is to give readers the latest up-to-the-minute information on business activity of the sector’s largest firms. GovCon Wire keeps readers abreast of the latest mergers and acquisitions in the GovCon space and gives readers the executive’s perspective... 

SAIC Keeping Name For Planned IT, Services Company; Stu Shea, Tony Moraco Comment

Stu Shea Science Applications International Corp. (NYSE: SAI) will retain its current name for the enterprise information technology and technical services business upon completion of its separation into two independent companies. The other business focused in national security, health and engineering will take on the name “Leidos,” intended... 

SAIC Names Brian Keenan, Sarah Allen HR Leads for New Companies; John Jumper Comments

Brian Keenan Science Applications International Corp. (NYSE: SAI) announced Thursday another set of executive appointments for the two independent businesses itInformation Technology is forming, nearly a month after announcing the chief executives and other leaders. John Jumper Brian Keenan, currently SAIC’s executive vice president for human resources,... 

SAIC 3Q Revenue Up 3%, Health Segment Up 2%; John Jumper Comments

John Jumper Science Applications International Corp. (NYSE: SAI) has announced financial results for its third quarter of fiscal year 2013, ended Oct. 31, 2012. The McLean, Va.-based defense contractor reported a 3 percent revenue increase from the prior year period, recording $2.87 billion for the most recent quarter compared to $2.79 billion in the... 

SAIC Names Tony Moraco, John Jumper CEOs for New Companies

Tony Moraco As part of plans to separate into two independent publicly-traded companies, Science Applications International Corp. (NYSE: SAI) announced Monday an initial set of executive appointments for both firms. John Jumper ByBudget Year the second half of fiscal year 2014, one company will focus on science and technology in the national security,... 

SAIC Plans to Split Into Two Companies; Jumper, Shea Comment

John Jumper The board of directors at SAIC Inc. (NYSE: SAI) has given management approval to formulate a plan to split SAIC into two independent, publicly traded companies. In its announcement, SAIC said itInformation Technology intends for one company to focus on government technical services and enterprise information technology. Stu Shea The other... 

Report: SAIC Shareholders Vote For Name Change, Elect CEO Jumper Chairman

John Jumper, SAIC SAIC Inc. (NYSE: SAI) shareholders approved an internal merger of its wholly owned subsidiary, Science Applications International Corp., with the holding company on June 15, the Washington Business Journal reports. According to Jill Aitoro‘s report, the company will now go byBudget Year the long-hand version of the name, nearly... 

SAIC Taps Director John Jumper as CEO

John Jumper SAIC Inc. (NYSE: SAI) has selected five-year SAIC director and former U.S. Air Force Chief of Staff John P. Jumper to succeed Walt Havenstein as CEO on March 1. SAIC’s board of directors said in its announcement Tuesday that Jumper will remain on the board, which he has served on since 2007. Havenstein became SAIC’s chief executive... 
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