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Tag Archives: Walt Havenstein

SAIC Promotes ISR Group President Stu Shea to COO

SAIC Inc. (NYSE: SAI) has promoted Stu Shea to chief operating officer, effective immediately, the company announced Monday. Shea, who joined the McLean, Va-based contractor in 2005, previously served as president of the company’s intelligence, surveillance and reconnaissance group. Shea currently leads nearly 13, 000 scientists and engineers that support …

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SAIC Taps Director John Jumper as CEO

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 …

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Forbes Raves About ‘Virginia Mecca’ of Defense Contractors

Forbes.com recently sought out to answer why northern Virginia has become the mecca for military contractors. The publication identifies the 1991 migration of General Dynamics from St. Louis to Falls Church, Va., as the start of a domino effect that has seen the majority of the 20 largest U.S. military contractors …

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SAIC CEO Walt Havenstein to Retire June 2012

SAIC Inc. (NYSE: SAI) has announced that Walt Havenstein will retire as the company’s CEO, effective June 15, 2012. Havenstein said he was leaving for personal reasons. Havenstein has been an executive industry leader for more than 25 years and served as BAE Systems Inc.’s CEO prior to joining SAIC in September 2009. “The …

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SAIC Reports First Quarter Growth Despite Uncertain Budget Climate; Havenstein Comments

SAIC (NYSE: SAI) today reported earnings for the first quarter of its fiscal year ended April 30, 2011. Revenues for the quarter were $2.69 billion, up 2 percent from $2.63 billion in the first quarter of 2011. The company generated net income of $131 million, up 4.8 percent from $125 million, …

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SAIC Sells Oil & Gas IT Services; CEO Havenstein, Group Pres. Craver Comment

SAIC (NYSE: SAI) has a deal in place to sell Wipro (NYSE: WIT) operations focused on “specialized IT services to oil and gas companies.” CEO Walt Havenstein announced the firm’s intent to move the units during a financial call last week. The firm is selling its U.S. oil and gas …

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SAIC to Sell Portion of Business; CEO Havenstein Promises Aggressive Acquisition Strategy in Future

According to a report in The Washington Post, SAIC (NYSE: SAI) is looking to sell its business focused on IT solutions for oil and gas companies while seeking expansion in growth markets via acquisition. CEO Walt Havenstein noted the strategy in an investor call last week. “To grow our oil …

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SAIC Continues Cyber Growth with New Center; Larry Cox Comments

SAIC (NYSE: SAI) is set to open its new Cyber Innovation Center (CIC) in Columbia, Md. A host of notable attendees will be participating in the celebration, including Sen. Barbara Mikulski and Gov. Martin O’Malley, along with SAIC CEO Walt Havenstein and Senior Vice President Larry Cox. The CIC is …

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SAIC’s Walt Havenstein is a ‘Good Scout’

SAIC (NYSE: SAI) CEO Walt Havenstein will be the man of the hour at the Thirteenth Annual Technology “Good Scout” Award Luncheon at the Hilton McLean Tysons Corner, Va., Oct. 19. DynCorp President and CEO Steve Gaffney is the event chairman and master of ceremonies. According to ExecutiveBiz, “The “Good …

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SAIC’s Walt Havenstein to Speak at NVTC Titans Series

SAIC (NYSE: SAI) CEO Walt Havenstein will be the first speaker of the Northern Virginia Technology Council (NVTC) 2010-11 Titans series. According to the NVTC, “Havenstein will speak about, among other things, his firm’s move to Virginia as well and “the changing dynamics and growth opportunities in today’s government contracting …

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