The GSA said last week that Lockheed and HP’s cloud-based infrastructures join offerings from Autonomic Resources and CGI Federal, that are also provisionally approved.
SAIC’s split could
take place in August
McLean-based contracting giant
Science Applications International Corp.
could separate into two public companies as soon as August.
K. Stuart Shea, the company’s chief operating officer, said in a call with investors last week that the company has made “most of the difficult internal decisions” related to the separation.
SAIC reported last week that its revenue and profit dropped in its most recent quarter — in part because of the “significant” costs of splitting in two and in part because of contract losses and government spending uncertainty.
Profit dropped about 30 percent to $81 million, down from $117 million in the same three-month period a year earlier. Revenue fell about 2 percent to $2.7 billion.
“We’re not seeing any dramatic shift in terms of program terminations, cancellations, reductions,” Shea said of the contracting environment. “But we are seeing an absolute slowness in the award decisions.”
New role at IBM federal unit
IBM has appointed Jane Snowdon, who previously led IBM’s research strategy, its first chief innovation officer for its U.S. federal business.
In the newly created role, Snowdon will be tasked with bolstering IBM’s work in emerging areas like big data, cloud computing and mobile.
She has spent 17 years in IBM research, including leading its Global Technology Outlook, an exercise through which the company predicts coming technology trends and their implications.
orthrop CEO open to M&A
hasn’t bought many companies recently — but Wes Bush, the company’s chief executive, said the contractor hasn’t given up.
“The fact that we have not done a lot of [acquisitions] over the last few years, I think, often times leads people to believe that we’re not even looking,” Bush said late last month. “And that is not the case.”
He said Northrop would only make the purchase if it’s a better use of cash than, for instance, share repurchase.