Here's Why SAIC Is Spending $2.5 Billion to Expand Its Government IT Business [The Motley Fool]
Science Applications International Corporation (SAIC)
Last science applications international corporation earnings: 3/26 04:10 pm
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investors.saic.com
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Source: The Motley Fool
Merger mania continues in the government services sector. Who are the winners and losers from all the dealmaking? Science Applications International Corp. ( NYSE:SAIC ) has joined the stampede of government services firms expanding via acquisition, agreeing Sept. 10 to acquire Engility Holdings ( NYSE:EGL ) for about $2.5 billion in stock and assumed debt. There's sound logic behind this plan to create a one-stop shop for services including enterprise IT, high-performance computing, intelligence analysis, launch support, logistics, and training. The deal would move Science Applications International (SAIC) past Booz Allen Hamilton into second place among pure-play government services firms, trailing only Leidos Holdings in terms of annual sales. But the deal also creates near-term uncertainty around SAIC and could lead to further dealmaking in this rapidly consolidating sector. After SAIC's recent acquisition of Engility is complete, over half its busi
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SAIC
News
- SAIC (SAIC) Down 2.1% Since Last Earnings Report: Can It Rebound? [Yahoo! Finance]Yahoo! Finance
- Science Applications International Co. (NYSE: SAIC) was upgraded by analysts at StockNews.com from a "hold" rating to a "buy" rating.MarketBeat
- Science Applications International Co. (NYSE: SAIC) had its "hold" rating re-affirmed by analysts at Truist Financial Co.. They now have a $130.00 price target on the stock.MarketBeat
- SAIC Launches Multi-Year Growth Strategy at 2024 Investor Day [Yahoo! Finance]Yahoo! Finance
- SAIC Launches Multi-Year Growth Strategy at 2024 Investor DayBusiness Wire
SAIC
Earnings
- 3/18/24 - Miss
SAIC
Sec Filings
- 4/15/24 - Form 4
- 4/15/24 - Form 4
- 4/15/24 - Form 4
- SAIC's page on the SEC website