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Doug Wagoner, who led the project management office at Science Applications International Corp. (NYSE: SAI) responsible for helping carry out the separation into SAIC and Leidos (NYSE: LDOS), has been promoted to sector president at SAIC. He succeeds newly-confirmed Air Force Secretary Deborah Lee James and will lead the company’s team respons...
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 SAIC began tr...
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 Applications Intern...
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 determined an...
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 an...
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 p...
The other business focused in national security, health and engineering will take on the name “Leidos, ” intended to reflect how the company brings together ideas from different angles and representing a kaleidoscope, SAIC said Monday. Tony Moraco will serve as CEO of SAIC and John Jumper will lead Leidos as chairman and chief executive....
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. By the second half of fiscal year 2014, one company will focus on science and technology in the national security, health and engineering sectors w...
SAIC Inc. (NYSE: SAI) has appointed Lee Carrick to lead program development efforts at the company’s intelligence, surveillance and reconnaissance group. Effective Aug. 11, the company said he will develop, implement and communicate the group’s overall growth strategies including planning development and execution. He will also lead the grou...
SAIC Inc. has appointed Tony Moraco president of the intelligence, reconnaissance and surveillance group, effective immediately. The McLean, Va.-based contractor said he succeeds Stu Shea, who was promoted to chief operating officer March 5. Moraco will lead nearly 13, 000 analysts, scientists, engineers and business professionals who support nation...
