SAIC’s 2013 Sales Testament to Services Doldrums

• Post-spinoff SAIC announced FY2013 revenue down 14% to $4B, confirming the generally depressed state of defense services.

• Pursuing a more thorough overturn of sequestration beyond FY15 is again on the Senate Armed Services Committee’s agenda.

• The Government Accountability Office disagrees with the US Navy’s decision to decommission the USS Port Royal (CG-73) missile cruiser. In 2013 the Navy postoned their initial decommissioning timeframe, but USS Royal is set for retirement next year.

• The US Navy cancelled its RFP issued in March 2013 for a Joint Terminal Control Training and Rehearsal System (JTC TRS) “due to a change in requirements.”