Business

February 27, 2013

SAIC announces names for planned new companies

SAIC announced Feb. 25 the names for the businesses expected to be created in the latter half of this fiscal year following its planned separation into two independent, publicly traded companies, as announced Aug. 30.

The technical services and enterprise Information Technology (IT) business will continue the SAIC name, and the national security, health and engineering business will be named ‘Leidos’ – a coined word, clipped from ‘kaleidoscope,’ signifying how the company will bring together solutions from different angles, yielding innovative and effective solutions.

“With this announcement, we take another step in the disciplined, deliberate process that will result in two world-class companies when our board approves the separation,” said Chairman and CEO John Jumper.

“With the name Leidos, we signal that the company will deliver transforming technologies, analytics and cross-disciplinary insight for our customers to deliver real-world benefits at the speed the real world demands,” said SAIC COO Stu Shea, who will serve as President and COO of Leidos. “It’s a memorable word with dynamic connotations that capture the energy, talent and passion that our employees bring as they work to deliver solutions that protect our nation, our communities, and our families.”

Continuing the SAIC name for the new services company will help enable future performance and success, according to Tony Moraco, SAIC’s future CEO.

“SAIC has brand equity built over 44 years of outstanding performance delivering for customers in technical services and enterprise IT, and we will capitalize on that,” he said. “We will be going to the marketplace with both a current success story and the beginning of a new era.”

The separation is expected to occur in the latter half of the company’s fiscal year, pending final approval of SAIC’s Board of Directors. The name change is subject to stockholder approval.

 




All of this week's top headlines to your email every Friday.


 
 

 
Boeing photograph

Boeing program completes critical design, safety reviews

Boeing photograph Boeing recently completed the Phase Two Spacecraft Safety Review of its Crew Space Transportation-100 spacecraft and the Critical Design Review of its integrated systems, meeting all of the companyís Commerci...
 
 
LM-C130

Keep on Rockin’: C-130J ferries to Little Rock AFB

  The 61st Airlift Squadron at Little Rock Air Force Base, Ark., received another Lockheed Martin C-130J Super Hercules airlifter Aug. 21.  Brig. Gen. Brian Robinson, vice commander, 618th Air and Space Operations Center ...
 
 

Air Force tests Raytheon’s upgraded High-Speed Anti-Radiation Missile

Raytheon Company and the U.S. Air Force successfully flight tested an upgraded High-Speed Anti-Radiation Missile. The HARM Control Section Modification is more precise and accurate, which reduces potential collateral damage. During this test mission, an F-16 aircraft fired an HCSM, AGM-88F, against an emitter located outside of a zone of exclusion, which contained a similar...
 

 

F-16V completes major capability milestone

The newest configuration of the F-16 Fighting Falcon, the F-16V, has reached a major capability milestone with the integration of a new Active Electronically Scanned Array radar. Completing this milestone on schedule demonstrates our ability to meet program commitments, said Roderick McLean, vice president and general manager of the F-16/F-22 Integrated Fighter Group at Lockheed...
 
 
Lockheed Martin photograph

Robots moving robots: Lockheed Martin conducts first fully autonomous mission

Lockheed Martin photograph A K-MAX unmanned helicopter delivers an SMSS unmanned ground vehicle during a fully autonomous mission demonstration at Fort Benning, Ga. A safety pilot was on board K-MAX but did not operate the cont...
 
 

Lockheed Martin introduces maritime test bed

Using a newly developed advanced maritime test bed, Lockheed Martin recently demonstrated how continually evolving technologies such as data fusion and predictive analytics can be used to share intelligence quickly and securely – even in limited bandwidth naval settings. This new software test platform, designed to mimic different naval environments at sea and ashore, allowed...
 




0 Comments


Be the first to comment!


Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>