Search Results for: Leidos

DTRA Chooses 7 Firms for $4B WMD Defense IDIQ; Craig Albert on Bechtel’s Atomic Lab Work

Seven companies have won positions on a potential 10-year, $4 billion contract to perform research and development work for the Defense Threat Reduction Agency into technologies that defend against weapons of mass destruction. DTRA received eight offers for the indefinite-delivery/indefinite-quantity contract, which contains a five-year base period and a five-year …

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IAI-Led Team to Chase $960B Air Force Intell Contract; Paul Issler Comments

Integrity Applications Inc. will lead a team of 19 companies in pursuit of a potential $960 million U.S. Air Force intelligence contract, the Dayton Daily News reported Wednesday. Thomas Gnau writes that “Team Integrity” includes large companies such as Leidos (NYSE: LDOS) and General Dynamics Advanced Information Systems (NYSE: GD), as …

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SAIC Board Approves 5M Share Buyback Plan; Tony Moraco Comments

Science Applications International Corp.’s (NYSE: SAI) board of directors has approved a plan to repurchase up to 5 million shares of the company’s common stock. SAIC has also declared a cash dividend of 28 cents per outstanding share on the company’s common stock, SAIC said Thursday. Leidos Holdings (NYSE: LDOS) and …

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SAIC Senior Leaders Share Post-Spinoff Goals with Investors

Senior leaders of the future Science Applications International Corp. discussed the company’s plans Wednesday as that business prepares to spin off from SAIC, which is being renamed Leidos. SAIC will be a prime contractor on 91 percent of its 1, 500 contracts and task orders and is valued at $4 billion in annual …

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SAIC Board OKs Spinoff Plan, Sets Date for Split; Tony Moraco Comments

Science Applications International Corp.‘s (NYSE: SAI) board of directors has approved the company’s plan to complete the spinoff of its services business after the market closes Sept. 27. SAIC will change its name to Leidos Holdings and the services business will be held by SAIC Gemini, which will be renamed Science …

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GovCon Wire Watches SAIC as Company Prepares for Split

One of the most significant developments in the GovCon sector of recent memory occurred in August 2012, when Science Applications International Corp. (NYSE: SAI) announced its intention to split into two independent, publicly-traded companies sometime in SAIC’s 2014 fiscal year. The ramifications of the plan are still to be fully …

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Mark Schultz to Become SAIC EVP, General Counsel

Mark Schultz, a former chief legal and risk officer and corporate secretary at MWH Global, has joined Science Applications International Corp. (NYSE: SAI) as general counsel for its technical services and information technology segment. The 30-year legal veteran’s appointment takes effect Monday and he will serve as executive vice president …

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Thomas Kirchmaier Named General Dynamics Advanced Information Systems President

Thomas Kirchmaier, formerly a senior vice president and general manager at General Dynamics (NYSE: GD), has been promoted to president of the General Dynamics Advanced Information Systems business unit and vice president of the corporation. His promotion is effective immediately and he will report to David Heebner, executive vice president …

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

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 …

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GovCon Wire Stays at Forefront of April’s Executive Movements, Promotions

The month of April saw a flurry of high-level executive appointments at the nation’s top government contracting firms and GovCon Wire led the way in covering new arrivals in leadership posts. Government Contracting Wire, the full name of Executive Mosaic‘s real-time news site, covered announcements of CEO transitions, promotions to …

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