New SAIC Starts with Slimmed Down Topline

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 Tactical Vehicles (PM LTV) within the US Marines’ Program Executive Office Land Systems (PEO LS) will host an industry day for the HMMWV Sustainment Modification Initiative (SMI) on Dec. 19 in Stafford, VA. A draft RFP should follow soon.