US Business * SAIC released its first quarterly results since its spin off. Revenue for Q3 FY14 came at $974M, down 18% from $1.18B a year ago. The services business, especially IT, continues to be tough in the current budget environment. * The Program Manager, Light...
Pentagon Contract Flow * The Pentagon announced 198 contracts for a total of $23B in November, showing a return to norm after October’s shutdown. Bloomberg. * The US Navy is going to ramp up its biofuel purchases, with financial support from the Department of...
Damned if you do, damned if you don’t * Giovanni de Briganti argues that EADS’ 5,800 job cuts look like a red rag to a bull to the French and German governments since the company has a strong balance sheet, a huge backlog, and is creating jobs in Poland....
Looking for More Leonards * In the wake of the Glenn Defense Marine Asia investigation, US Secretary of the Navy Ray Mabus ordered [PDF] a review of the service’s acquisition of all port services contracts worldwide. * Northrop Grumman paid $11.4M to settle...
Questions Without Easy Answers * To grow exports, should US manufacturers stick with offsets or consider genuine work shares? The fear is to eventually spawn competitors rather than partners. * Have restrictive US Rules of Engagement contributed to a long-standing...