Company will provide specialized systems and software engineering services for major NASA programs Science Applications International Corp. has been awarded a $170 million contract by the National Aeronautics and Space Administration (NASA) to continue performing independent verification and validation (IV&V) of space systems and software. This Systems and Software Assurance Services 2 (SAS2) contract will […] The post SAIC Receives $170 Million NASA Contract to Provide Systems and Software Assurance Services appeared first on AiThority .
SAIC Motor and Pony.ai will build cars equipped with Level 4 autonomous driving systems to promote Shanghai’s autonomous driving sector and relevant policies.
Science Applications International (SAIC) has been awarded a $170M contract by the NASA to continue performing independent verification and validation of space systems and software
China’s top oil and gas producer PetroChina has joined leading auto group SAIC Motor Corp. and battery firm CATL in setting up a joint venture to supply swappable batteries for electric vehicles, parent company CNPC said on Thursday. CNPC did not provide the details of stakeholding but official business registration portal www.qcc.com shows that the […]
Science Applications International (SAIC) announced a strategic partnership to develop solutions that provide rapidly deliverable In-Orbit Service Assembly and Manufacturing,…
Science Applications International Corp. (NYSE: SAIC) has been named to the Advanced Battle Management System (ABMS) Digital Infrastructure Consortium developing digital capabilities that enable multi-domain operations for the Air Force, Space Force, and Joint Force. “SAIC is one of five companies selected to serve a vital role in realizing the joint all domain Command and Control (C2) vision
Science Applications reported Q2 2023 earnings that beat expectations. See why I think the discount in SAIC stock price is justified.
Pulled from Benzinga Pro data, Science Applications Intl (NYSE: SAIC ) posted Q2 earnings of $74.00 million, an increase from Q1 of 0%. Sales dropped to $1.83 billion, a 8.27% decrease between quarters. Science Applications Intl earned $74.00 million, and sales totaled $2.00 billion in Q1. What Is Return On Capital Employed? Return on Capital Employed is a measure of yearly pre-tax profit relative to capital employed by a business. Changes in earnings and sales indicate shifts in a company''s ROCE. A higher ROCE is generally representative of successful growth of a company and … Full story available on Benzinga.com
The following slide deck was published by Science Applications International Corporation in conjunction with their 2023 Q2 earnings call.
Science Applications (SAIC) Q2 shows topline revenue about flat at $1.83B, beats consensus by $10M.Net bookings of $2.1B resulting in a book-to-bill of 1.1x in the quarter and…
Science Applications International Corp (NYSE: SAIC) reported a flat revenue growth year-on-year in the second quarter of FY23 to $1.831 billion, marginally beating the consensus of $1.830 billion. Adjusted EPS of $1.75 beat the consensus of $1.69. Adjusted operating margin contracted by 120 bps to 6.8% due to higher indirect costs. Adjusted EBITDA margin contracted 100 bps to 9.1%. SAIC generated … Full story available on Benzinga.com
Science Applications Intl (NYSE: SAIC ) reported its Q2 earnings results on Thursday, September 1, 2022 at 07:00 AM. Here''s what investors need to know about the announcement. Earnings Science Applications Intl beat estimated earnings by 3.55%, reporting an EPS of $1.75 … Full story available on Benzinga.com
Science Applications (SAIC) is scheduled to announce Q2 earnings results on Thursday, September 1st, before market open.The consensus EPS Estimate is $1.68 (-14.7% Y/Y) and the consensus…
Science Applications (NYSE:SAIC) declares $0.37/share quarterly dividend, in line with previous.Forward yield 1.62%Payable Oct. 28; for shareholders of record Oct. 14; ex-div Oct.
Science Applications International Corp (NYSE: SAIC ) has obtained ~$400 million in national security and space contract awards for the second quarter of FY23, in addition to the … Full story available on Benzinga.com
Science Applications International (SAIC) has received ~$400M in national security and space contract awards for the Q2 2023 in addition to the previously announced $319M Falconer…
Science Applications International Corp. (NYSE: SAIC) received approximately $400 million in national security and space contract awards for the second quarter of fiscal year 2023 in addition to the previously announced $319M Falconer Air Operations Center Weapon System Sustainment contract with the U.S. Air Force. The contract awards consist largely of systems integration and delivery work, new
Science Applications International Corp (NYSE: SAIC ) has secured a $163 million contract from the U.S. Navy for the Naval Information Warfare Center (NIWC) Pacific Shore Networks … Full story available on Benzinga.com
Science Applications International (SAIC) has won a $163M contract from the U.S. Navy.Under the contract, SAIC will maintain Naval Enterprise Networks for all shore based U.S
A power shortage in Sichuan province is disrupting car production in Shanghai, just as China’s Motown was recovering from a two-month lockdown.
Science Applications International Corp . (NYSE: SAIC ) has secured the $319 million Falconer Air Operations Center (AOC) Weapon System Sustainment contract from the U.S. Air Force. The SAIC team will partner with Kessel Run, a Division … Full story available on Benzinga.com
SAIC Motor''s ride-hailing unit raised over 1 billion yuan ($147.37 million) in the second round of fundraising from its autonomous technology partner Momenta and other institutions, Reuters reports . The latest financing boosted SAIC Mobility''s value to more than $1 billion. Also Read: Tencent Partners With BMW, SAIC, NIO … Full story available on Benzinga.com
Science Applications International (SAIC) has won a $319M Falconer Air Operations Center Weapon System Sustainment contract by the U.S
Source: Robert Way / Shutterstock.com Polestar (NASDAQ: PSNY ) stock is in the spotlight today amid mounting delisting fears and a recent $10.1 million order. Polestar operates as a joint venture between Volvo (OTCMKTS: VLVLY ) and Geely (OTCMKTS: GELYF ), a Chinese automobile company. In 2010, Geely acquired Volvo for $1.8 billion . As a result, Polestar has a heavy China-based background. That’s where delisting concerns come into play. Today, three state-owned Chinese companies announced they will voluntarily delist shares from U.S. exchanges. The three companies are China Life Insurance (NYSE: LFC ), China Petroleum and Chemical (NYSE: SNP ) and PetroChina (OTCMKTS: PCCYF ). An official from China’s Securities Regulatory Commission said this move is just a business decision : “Listings and delistings are both common in capital markets. According to these companies’ announcements, they have strictly observed relevant U.S. rules and regulations since listed on the U.S. markets, and the delisting decisions are made out of their business considerations.” This departure comes as tensions between the U.S. and China rise due to Taiwan independence issues and scrutiny of company audits.
Science Applications International Corp. (NYSE: SAIC) announced today a $100,000 scholarship donation in partnership with Alabama A&M University. This year’s donation will finance the education of two incoming freshmen pursuing a career in the historically Black university’s College of Engineering, Technology and Physical Sciences in Huntsville, Ala. “These students are the technology leaders
Shares of Nio (NYSE: NIO ), the Chinese luxury electric car company that seemed headed higher after strong July deliveries, are now headed in the opposite direction. On August 9 the stock price fell 5%. It fell another 1% overnight, as an analyst cut his price target to $27.50/share and fears grew the home market may be slowing. However, NIO stock has regained that overnight loss in pre-market and early morning trading and is now up 1%. Yet fear and uncertainty still surround NIO stock today. The fear comes from Tesla (NASDAQ: TSLA ), which reported a 64% drop in China sales for July, which it blamed on a scheduled upgrade to its Shanghai factory. While analysts expected a drop-off, Tesla failed to match its lowered expectations. Head Fake? Investors and analysts are always skittish. There are innocent and not-so-innocent reasons for the action. There are reasons for both Nio bulls and bears to be concerned. Bulls could be fearing something I have written about regularly, the high price of Nio cars and the ability of companies like BYD (OTCMKTS: BYDDY ) and SAIC-China to undercut it.
Last month, MG revealed the all-electric MG4 hatchback with range of up to 281 miles (on the WLTP system). Now, we know it will be one of the least expensive EVs available in the UK with a starting price of £25,995 ($31,400). It''s set to arrive in the UK in September this year. As a reminder, China''s SAIC Motors now owns the MG brand following the collapse of MG Rover in 2005. The vehicles are manufactured in China, but SAIC has a design studio in London. It also has joint venture partnerships with Volkswagen, GM and others to produce branded vehicles in China. The MG4 first arrived as the Mulan in China, built on SAIC''s MSP (Modular Scalable Platform) architecture that will be used on future MG EVs. It''ll come in three versions in the UK. The starting SE Standard Range model is priced at £25,995 with a 51kWh battery delivering 218 miles of WLTP range, compared to £36,195 ($43,800) for the ID.3 with a 58kWh battery and 265 miles of range. The £28,495 ($34,490) Long Range SE model uses a 64kWh battery to go 281 miles on a charge, which takes about 35 minutes to go from 10-80 percent thanks to the 135kW charging capacity.
Chinese EV stocks are on the rise this morning. Nio (NYSE: NIO ), Xpeng (NYSE: XPEV ) and Li Auto (NASDAQ: LI ) all rose in pre-market trading as they reported their electric car deliveries for July. XPeng, built by entrepreneur He Xiaopeng and backed by Alibaba (NASDAQ: BABA ), had the best month, delivering 11,524 vehicles . Li delivered 10,422 and Nio 10,052 . While the numbers were all up from a year ago, they were notably down from June. Still, XPEV stock was up 2.54%, LI and Nio up almost 3%, in pre-market trading. While there remains the threat of de-listing for all Chinese stocks, including Alibaba , investors seem willing to take the risk with electric cars. New European Exports Nio began building a European presence last year through Norway, where about one-third of all new cars are now electric. It is expanding into four more markets this year, including Germany, and hopes to be in 25 countries by 2025. It calls its stores “Nio Houses” where drivers can swap out batteries in under an hour .
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NEW YORK (AP) — The economy is a bit wobbly, but General Motors CEO Mary Barra isn''t backing off of an audacious prediction: By the middle of this decade, her company will sell more electric vehicles in the U.S. than Tesla, the global sales leader. To fulfill that pledge in as little as 2 1/2 years, she faces some long odds against immense economic forces that are working against auto sales. Inflation has spiked, interest rates are rising, material costs have soared and a global shortage of computer chips is still braking assembly lines at GM and other companies. But in an interview with The Associated Press, Barra said she''s confident GM can unseat Tesla with higher-priced specialty vehicles, and it will beat Elon Musk to high-range EVs at prices that people can afford. Last year GM sold just 25,000 electric vehicles in the U.S., less than one-tenth of the estimated 352,000 sold by Tesla. Although EV sales are rising dramatically, they’re still only about 5% of the U.S. new vehicle market, with many Americans still reluctant to change. “To really get to 30, 40, 50% EVs being sold, you have to appeal to people that are in that $30,000 to $35,000 price range,” Barra said.
NEW YORK (AP) — The economy is a bit wobbly, but General Motors CEO Mary Barra isn’t backing off of an audacious prediction: By the middle of this decade, her company will sell more electric vehicles in the U.S. than Tesla, the global sales leader. To fulfill that pledge in as little as 2 1/2 years, she faces some long odds against immense economic forces that are working against auto sales. Inflation has spiked, interest rates are rising, material costs have soared and a global shortage of computer chips is still braking assembly lines at GM and other companies. But in an interview with The Associated Press, Barra said she’s confident GM can unseat Tesla with higher-priced specialty vehicles, and it will beat Elon Musk to high-range EVs at prices that people can afford. Last year GM sold just 25,000 electric vehicles in the U.S., less than one-tenth of the estimated 352,000 sold by Tesla. Although EV sales are rising dramatically, they’re still only about 5% of the U.S. new vehicle market, with many Americans still reluctant to change. “To really get to 30, 40, 50% EVs being sold, you have to appeal to people that are in that $30,000 to $35,000 price range,” Barra said.
Analysts said SAIC’s strong deliveries in June showed consumer demand for battery-powered vehicles remains strong on the mainland.
CNBC Tencent Partners With BMW, SAIC, NIO To Capitalize On China’s Giant EV Market Tencent Holding Ltd (OTC: TCEHY ) aims to sell technology to help foreign automakers tap China’s enormous electric vehicle market, CNBC reports. Tencent Intelligent Mobility VP Liu Shuquan claimed collaboration with 40 auto brands, including Bayerische Motoren Werke AG (OTC: BMWYY ), SAIC, and NIO Inc (NYSE: NIO ), covering 120 vehicle models. He also cited discussions with German and Japanese companies. Liu’s team launched a new cloud computing product for automakers called the “Tencent Intelligent Automobile Cloud” to boost its international strategy. Reuters Google Gets Embroiled In Another Antitrust Complaint - Read To Know Danish online job-search portal Jobindex has escalated antitrust allegations against Alphabet Inc (NASDAQ: GOOG ) (NASDAQ: GOOGL ) Google to European Union regulators. Google had allegedly favored its job search service as per the complaint that could revive EU antitrust chief Margrethe Vestager’s scrutiny of the service, Google for Jobs.
Tencent Holding Ltd (OTC: TCEHY ) aims to sell technology to help foreign automakers tap China’s enormous electric vehicle market, CNBC reports . Tencent Intelligent Mobility VP Liu Shuquan claimed collaboration with 40 auto brands, including Bayerische Motoren Werke AG (OTC: BMWYY ), SAIC, and NIO Inc (NYSE: NIO ), covering 120 vehicle models. He also cited discussions with German and Japanese companies. Liu’s team launched a new cloud computing product for automakers called the “Tencent Intelligent Automobile Cloud” to boost its international strategy. The all-in-one cloud product also catering to domestic automakers claims to cover every technological aspect of an EV. The … Full story available on Benzinga.com
Koverse, Inc., a unit of SAIC, has updated its software-as-a-service (SaaS) platform this week to provide customers with a zero-trust approach to managing data. Version 4.0 of the Koverse Data Platform (KDP) adds a set of granular controls that limit which users can gain access to specific segments of encrypted documents. Koverse CTO Aaron Kordova.. The post Koverse Unveils Zero-Trust Platform for Managing Data appeared first on Security Boulevard .
Science Applications International Corp (NYSE: SAIC ) price target was raised by Cowen and Barclays post its Q1 results. Cowen analyst Cai von Rumohr raised the price target to $120 (an upside of 29%) from $111 while maintaining the Outperform rating on the shares. The analyst stated that SAIC''s Q1 results were solid but noted revenues will … Full story available on Benzinga.com
SAIC announced somewhat mixed results yesterday, but the stock jumped nearly 7% on organic revenue growth of 4%. Read more on SAIC stock here.
MG was an iconic British car, but in terms of new models is now an iconic British badge. Taken from the ashes of the Rover Group the Chinese car maker SAIC owns MG and produces a small range of cars and SUVs in petrol, hybrid and all-electric. The main models are SUVs but one of [] The post MG5 EV, a great package appeared first on Euro Weekly News Spain .
Meet SAICs summer interns 2021. Last year saw the very first SAIC summer internship conducted completely online due to the Covid-19 pandemic. Following the huge success of running the initiative in this format, there was no hesitation to do the same this year, not least because it enables us to attract talent from further afield []
CHINAS top-selling brand of electric commercial vehicles, Maxus, is now available in Spain Chinas powerful automotive group, SAIC Motor, the seventh-largest automaker in the world, has now launched Chinas top-selling van, the Maxus brand of specialised electric commercial vehicles in Spain. SAIC formerly Shanghai Automotive Industry Corporation is a Chinese state-owned multinational automotive [] The post Chinas top selling brand of electric vans now available in Spain appeared first on Euro Weekly News Spain .
MG was an iconic British car, but in terms of new models is now an iconic British badge. Taken from the ashes of the Rover Group the Chinese car maker SAIC owns MG and produces a small range of cars and SUVs in petrol, hybrid and all-electric. The main models are SUVs, understandable given their [] The post MG3 a budget car thats fun! appeared first on Euro Weekly News Spain .
The latest Hydrogen Fuel-cell Trucks (Hydrogen Trucks) market study offers an all-inclusive analysis of the major strategies, corporate models, and market shares of the most noticeable players in this market. The study offers a thorough analysis of the key persuading factors, market figures in terms of revenues, segmental data, regional data, and country-wise data. Request []
The Commercial Vehicle market in China reached record volumes in 2020 as it crossed the 5M units mark for the first time. In 2020 Electric buses in China accounted for ~12% of total bus sales. The volume dropped by 12.3%
Avion Solutions of Huntsville has been awarded a $70 million task order for engineering and program management support of the Aviation Turbine Engine project. Team members on the project include IronMountain Solutions (IMS), PeopleTec, Tecolote Research, Torch Technologies and SAIC all headquartered or having operations in Huntsville. The Aviation Turbine Engine project supports the [] The post Avion Solutions wins $70M task order for aviation turbine engine work appeared first on Business Alabama Magazine .
SAIC launched CloudScend, a cohesive solution of integrated platform automation tools, security protocols and processes to help federal agencies plan for and accelerate the migration of large-scale workloads to the cloud and innovate further once theyre there. CloudScend leverages SAICs deep experience in helping government organizations obtain the benefits of the cloud to determine the best way to prioritize the migration of strategic workloads. The comprehensive framework enables agencies to map requirements to mission needs More The post SAIC CloudScend helps federal agencies accelerate the migration to the cloud appeared first on Help Net Security .
RESTON, Va.--(BUSINESS WIRE)--SAIC announced CloudScend, a solution to help federal agencies plan for and accelerate the migration to the cloud
In 2018, Banma had raised $247 million in its first round of funding.
In addition to Tesla, several other companies exceeded 10,000 wholesale sales in June, including BYD with 40,532 units, SAIC-GM-Wuling with 30,479 units and SAIC with 10,493 units, according to the CPCA. Q2 2021 hedge fund letters, conferences and more Tesla Chinas Wholesale Sales Tesla Chinas wholesale sales in June reached 33,155 units, up 122 percent [] The post Tesla Chinas Wholesale Sales Reached 33,155 Units in June, Up 122% from a Year Ago appeared first on ValueWalk .
In addition to Tesla, several other companies exceeded 10,000 wholesale sales in June, including BYD with 40,532 units, SAIC-GM-Wuling with 30,479 units and SAIC with 10,493 units, according to the CPCA.
Science Purposes Worldwide Company SAIC final Friday introduced that it has accomplished the acquisition of Halfaker and Associates, LLC a number one federal well being know-how options supplier. Notably, the corporate had revealed on Jun Three that it has entered right into a definitive settlement to purchase the federal well being IT firm for [] The post Science Purposes (SAIC) Closes Halfaker and Associates Buyout appeared first on UK Stocks, Forex, Commodities, Crypto, Live Market News- Daily Forex News .