SHI International Corp

SAIC Schedules First Quarter Fiscal Year 2024 Earnings Conference Call for June 5 at 10 A.M. ET

Retrieved on: 
Wednesday, May 24, 2023

Science Applications International Corp. (NYSE: SAIC ) is scheduled to issue its first quarter fiscal year 2024 results before market open on Monday, June 5, 2023.

Key Points: 
  • Science Applications International Corp. (NYSE: SAIC ) is scheduled to issue its first quarter fiscal year 2024 results before market open on Monday, June 5, 2023.
  • SAIC executive management will discuss operational and financial results in a conference call beginning at 10:00 a.m. Eastern time, following the issuance of the company’s earnings press release.
  • The conference call will be webcast simultaneously to the public through a link on the Investor Relations section of the SAIC website .
  • Additionally, a supplemental presentation will be available to the public through links on the Investor Relations section of the SAIC website.

U.S. Navy Awards SAIC $249 Million Contract to Support Naval Air Warfare Center Weapons Division Instrumentation Platform

Retrieved on: 
Tuesday, May 23, 2023

Science Applications International Corp. (NYSE: SAIC ) has been awarded an Indefinite Delivery Indefinite Quantity (IDIQ) contract with a $249 million ceiling from the U.S. Navy to continue supporting the Naval Air Warfare Center Weapons Division (NAWCWD)’s combat instrumentation platforms used for training and test evaluation ranges.

Key Points: 
  • Science Applications International Corp. (NYSE: SAIC ) has been awarded an Indefinite Delivery Indefinite Quantity (IDIQ) contract with a $249 million ceiling from the U.S. Navy to continue supporting the Naval Air Warfare Center Weapons Division (NAWCWD)’s combat instrumentation platforms used for training and test evaluation ranges.
  • “SAIC’s expertise in systems integration and engineering provides solutions to support the U.S. Navy’s testing and training needs,” said Bob Genter, president, Defense and Civilian Sector at SAIC.
  • “We are excited to build on our progress and continue our work at the Naval Air Warfare Center Weapons Division.”
    Under the new contract, SAIC will perform systems design and integration, hardware and software upgrades or modifications for the Combat Environment Instrumentation Systems (CEIS).
  • SAIC will also provide services to support global position system-based range equipment, airborne electronic warfare (EW) systems, warning & countermeasures systems and range Radio-Frequency/Electro-Optical Tracking systems.

SAIC Announces CEO Transition

Retrieved on: 
Thursday, May 18, 2023

She will succeed Nazzic S. Keene, who has decided to retire as CEO and from the SAIC Board, also effective October 2.

Key Points: 
  • She will succeed Nazzic S. Keene, who has decided to retire as CEO and from the SAIC Board, also effective October 2.
  • To ensure a seamless transition, Townes-Whitley will join SAIC on June 12 as CEO-elect, while Keene continues as CEO through October 1.
  • SAIC Board Chair Donna Morea said, “We thank Nazzic for her tremendous contributions and dedication to SAIC, which resulted in greater opportunities for our employees, improved outcomes for our customers and increased value for our shareholders.
  • “I have known, respected and admired Toni for years and am thrilled to welcome her to our SAIC family,” Keene said.

Albany International Declares Dividend

Retrieved on: 
Friday, May 12, 2023

The Board of Directors of Albany International Corp. (NYSE: AIN) today declared a quarterly dividend of $0.25 per share on the Company’s Class A Common Stock. The dividend is payable July 10, 2023, to shareholders of record on June 7, 2023.

Key Points: 

The Board of Directors of Albany International Corp. (NYSE: AIN) today declared a quarterly dividend of $0.25 per share on the Company’s Class A Common Stock. The dividend is payable July 10, 2023, to shareholders of record on June 7, 2023.

Orbit International Corp. Announces Further Delay in Filing Its 2022 Annual Report

Retrieved on: 
Friday, May 12, 2023

HAUPPAUGE, N.Y., May 12, 2023 (GLOBE NEWSWIRE) -- Orbit International Corp. (OTC PINK:ORBT), an electronics manufacturer and software solution provider, announced today that the filing of its 2022 Annual Report has been further delayed with the OTC as additional time is needed to complete the audit of the acquired and ending inventory of its recently acquired Simulator Product Solutions LLC subsidiary (“SPS”) and the preparation of the 2022 Annual Report.

Key Points: 
  • Mitchell Binder, President and CEO commented, “Our accounting staff continues to work with our auditors to complete and file our 2022 Annual Report.
  • Despite these efforts, unfortunately, additional time is needed to complete the audit of the acquired inventory of SPS on January 3, 2022, as well as its ending inventory at December 31, 2022.
  • Once the audit is completed, we do not expect any adjustment to have any material effect on the financial statements of the Company at December 31, 2022.
  • Orbit assumes no obligation to update or supplement any forward-looking statements whether as a result of new information, future events or otherwise.

SAIC Introduces New Tool for Encrypted Search and Data Sharing

Retrieved on: 
Tuesday, May 9, 2023

Science Applications International Corp. (NYSE: SAIC ) today introduced its new encrypted query analytics and data retrieval (EQADR) platform.

Key Points: 
  • Science Applications International Corp. (NYSE: SAIC ) today introduced its new encrypted query analytics and data retrieval (EQADR) platform.
  • “Agencies rely on data to help support their missions in a secure environment,” said Andy Henson, vice president, Innovation at SAIC.
  • SAIC’s EQADR delivers on providing security and performance to accelerate data-driven decision-making.”
    The platform enables next-generation, cryptographic, cross-boundary data search, retrieval and analytics.
  • In June 2022, SAIC launched the SaaS version of Koverse, a security-first data management and governance platform that provides Zero Trust for data by enforcing attribute-based access controls (ABAC).

SAIC Completes $350 Million Sale of Its Logistics and Supply Chain Management Business to ASRC Federal

Retrieved on: 
Monday, May 8, 2023

Science Applications International Corp. (NYSE: SAIC) announced today that it has completed the sale of its Logistics and Supply Chain Management Business to ASRC Federal for $350 million.

Key Points: 
  • Science Applications International Corp. (NYSE: SAIC) announced today that it has completed the sale of its Logistics and Supply Chain Management Business to ASRC Federal for $350 million.
  • The divestiture is consistent with SAIC’s broader strategy to focus on Growth & Technology Accelerants and on innovative, platform-agnostic solutions that add shareholder value.

Orbit International Corp. Electronics Group Reports Bookings of Approximately $1,740,000 in April 2023

Retrieved on: 
Friday, May 5, 2023

HAUPPAUGE, N.Y., May 05, 2023 (GLOBE NEWSWIRE) -- Orbit International Corp. (OTC PINK:ORBT), an electronics manufacturer and software solution provider, today announced that bookings from its Electronics Group (“OEG”) for the month of April 2023 were approximately $1,740,000.

Key Points: 
  • HAUPPAUGE, N.Y., May 05, 2023 (GLOBE NEWSWIRE) -- Orbit International Corp. (OTC PINK:ORBT), an electronics manufacturer and software solution provider, today announced that bookings from its Electronics Group (“OEG”) for the month of April 2023 were approximately $1,740,000.
  • Mitchell Binder, President and CEO of Orbit International commented, “We are pleased to report that bookings from our OEG for the month of April 2023 were approximately $1,740,000.
  • Bookings for the month were highlighted by approximately $925,000 in orders received by our Simulator Product Solutions LLC (“SPS”) subsidiary.
  • Orbit assumes no obligation to update or supplement any forward-looking statements whether as a result of new information, future events or otherwise.

Zylo Announces SaaSMe 2023, the Premiere SaaS Management Event Powered by Zylo

Retrieved on: 
Thursday, May 4, 2023

INDIANAPOLIS, May 4, 2023 /PRNewswire/ -- Zylo, the enterprise leader in SaaS Management, today announced its SaaSMe 2023 conference, which will explore how modern IT, SAM, finance and procurement teams are optimally positioned to help their companies drive responsible business growth and accomplish more with less in a challenging economic environment. The conference, now in its third year, will take place on May 16 and 17, 2023.

Key Points: 
  • Day two is exclusively for current customers and will be dedicated to diving deeper into the platform to derive even more value from Zylo.
  • Yet, most SaaS portfolios are plagued by massive amounts of waste," said Eric Christopher, CEO and co-founder of Zylo.
  • "The current economic climate has made SaaS Management and this event more relevant than ever.
  • The conference also includes a packed roster of SaaS Management experts from organizations like Clari, Curology, FIS, Intuit, Adobe, Marigold, Nintex, Redis and more.

SHI Enhances European Presence with Launch of Subsidiary in the Netherlands

Retrieved on: 
Thursday, May 4, 2023

SHI International , one of the largest IT solutions providers in the world, today announced the establishment of SHI International B.V. in the Netherlands, enhancing the organization’s support for customers in the European Union.

Key Points: 
  • SHI International , one of the largest IT solutions providers in the world, today announced the establishment of SHI International B.V. in the Netherlands, enhancing the organization’s support for customers in the European Union.
  • The new sales and finance operation in Amsterdam complements SHI’s existing warehousing and Integration Center facility in Tiel, Netherlands, as well as SHI’s other EU-based operations in Dublin and Paris.
  • “SHI is investing heavily in our international operations, both to support our North American customers with operations in Europe, as well as service our local customers in the UK, France, Ireland, Netherlands and other EU countries,” said Celeste Lee, Senior Vice President, International at SHI.
  • “We grew our international business by 25% in 2022 and this investment will help us maintain that trajectory in 2023 and beyond, despite the challenging economic climate.”
    SHI International B.V. will also bring new sales, finance and technology jobs to the Amsterdam region, with plans to expand beyond the initial launch staff through the rest of 2023.