SAIC CEO: Continuing resolution isn't creating 'significant impact'

The chief executive of Science Applications International Corp. said this week the company is seeing only minor effects from the continuing resolution in place.

During a call with analysts, Nazzic Keene said there are "a couple of specific cases where the customer cannot expand the work based on the CR situation."

"But it's very minor," she continued. "We don't see a significant impact to the portfolio, and we'll continue to navigate it. We have navigated CRs many times in the past."

Asked about significant recompetitions ahead for SAIC, Keene said the company is preparing to defend its work for Army Aviation and Missile Command.

"It is not a single task order or a single contract; it's bundled around several," Keene said. "But over the course of the next 12 months to 18 months, that portfolio will go through a recompete cycle."

Keene said SAIC sees an upside, however, because as the Army continues "to refine [its] acquisition strategy, the opportunity actually exists for SAIC to expand its footprint and its work with this particular customer."

Meanwhile, SAIC said this week sales in its most recent quarter reached $1.6 billion, up 38% from the same three-month period a year earlier. The company reported quarterly profit of $55 million, up almost 15% from a year earlier.