SHI International Corp

SAIC Awarded $102M Contract to Support U.S. Navy Torpedo Production

Retrieved on: 
Monday, April 10, 2023

Science Applications International Corp. (NYSE: SAIC ) has been awarded a $102.5 million contract by the U.S. Navy to continue supporting the MK 48 Mod 7 Heavyweight Torpedo program.

Key Points: 
  • Science Applications International Corp. (NYSE: SAIC ) has been awarded a $102.5 million contract by the U.S. Navy to continue supporting the MK 48 Mod 7 Heavyweight Torpedo program.
  • This is a firm-fixed-price and cost-plus-fixed fee modification to a previously awarded $1.1 billion torpedo production contract .
  • “SAIC has a long history of supporting the U.S. Navy, notably our work providing the dominant undersea weapons it requires,” said Bob Genter, president of Defense and Civilian Sector at SAIC.
  • Currently, SAIC also provides all necessary facilities, resources and management to meet the contract’s integration, production, test and delivery requirements.

Albany International Schedules Earnings Release Date

Retrieved on: 
Tuesday, April 4, 2023

Albany International Corp. (NYSE:AIN) will release 2023 first-quarter financial results on Tuesday, April 25, 2023 after the market close.

Key Points: 
  • Albany International Corp. (NYSE:AIN) will release 2023 first-quarter financial results on Tuesday, April 25, 2023 after the market close.
  • The Company will host a webcast to discuss results at 9:00 a.m. Eastern Time on Wednesday, April 26.
  • Interested parties are encouraged to listen to the webcast via the Company’s Investor Relations website at www.albint.com .
  • A replay of the webcast will be available on the website at approximately noon Eastern Time April 26.

Company Announces Cash Dividend of $0.01 Per Common Share for the First Quarter of 2023

Retrieved on: 
Thursday, March 30, 2023

In addition, the Company’s Board of Directors also declared a special cash dividend of $0.03 per share.

Key Points: 
  • In addition, the Company’s Board of Directors also declared a special cash dividend of $0.03 per share.
  • Both declared dividends are payable to shareholders of record as of April 21, 2023 with a payment date of April 28, 2023.
  • Forward-looking information is subject to certain risks, trends and uncertainties that could cause actual results to differ materially from those projected.
  • Orbit assumes no obligation to update or supplement any forward-looking statements whether as a result of new information, future events or otherwise.

SAIC Board of Directors Declares Cash Dividend

Retrieved on: 
Wednesday, March 29, 2023

Science Applications International Corp. (NYSE: SAIC) announced today that the company’s board of directors declared a cash dividend of $0.37 per share of the company’s common stock payable on April 28, 2023 to stockholders of record on April 14, 2023.

Key Points: 
  • Science Applications International Corp. (NYSE: SAIC) announced today that the company’s board of directors declared a cash dividend of $0.37 per share of the company’s common stock payable on April 28, 2023 to stockholders of record on April 14, 2023.
  • SAIC intends to continue paying dividends on a quarterly basis, although the declaration of any future dividends will be determined by the board of directors each quarter and will depend on earnings, financial condition, capital requirements and other factors.
  • SAIC® is a premier Fortune 500® technology integrator driving our nation’s technology transformation.
  • SAIC also disclaims any duty to comment upon or correct information that may be contained in reports published by investment analysts or others.

SAIC Appoints Barbara Graham to Lead Navy Business Unit

Retrieved on: 
Wednesday, March 29, 2023

Science Applications International Corp. (NYSE: SAIC ) has appointed Barbara Graham as senior vice president of the company’s Navy Business Unit.

Key Points: 
  • Science Applications International Corp. (NYSE: SAIC ) has appointed Barbara Graham as senior vice president of the company’s Navy Business Unit.
  • Graham is responsible for leading strategy, business development and program excellence across the company’s $1 billion portfolio of solutions and services for a wide range of U.S. Navy and Marine Corps customers.
  • “Barbara is an exceptionally talented and experienced leader whose deep customer relationships and knowledge will drive results for our Navy and Marine Corps customers,” said Genter.
  • Graham is a Navy veteran and holds a bachelor’s degree in management computer information systems from Park University.

SAIC Signs Definitive Agreement to Sell Its Logistics and Supply Chain Management Business to ASRC Federal for $350 Million

Retrieved on: 
Thursday, March 23, 2023

Science Applications International Corp. (NYSE: SAIC ) announced today that it has signed a definitive agreement to sell its logistics and supply chain management business to ASRC Federal Holding Company, LLC (“ASRC Federal”), a subsidiary of Arctic Slope Regional Corporation, for $350 million in cash.

Key Points: 
  • Science Applications International Corp. (NYSE: SAIC ) announced today that it has signed a definitive agreement to sell its logistics and supply chain management business to ASRC Federal Holding Company, LLC (“ASRC Federal”), a subsidiary of Arctic Slope Regional Corporation, for $350 million in cash.
  • “Today’s announcement represents a milestone in SAIC’s priority to shape our portfolio and advance our strategy,” said Nazzic Keene, Chief Executive Officer at SAIC.
  • “The agreement allows for seamless transition and continued support for the logistics and supply chain management business and their important customer missions, while enabling SAIC to concentrate resources in our Growth & Technology Accelerant areas of focus.
  • Jefferies LLC served as the exclusive financial advisor and King & Spalding LLC served as legal counsel to SAIC.

Albany International Announces CFO Transition

Retrieved on: 
Thursday, March 23, 2023

Albany International Corp. (NYSE:AIN) announced today it has accepted the resignation of its Chief Financial Officer and Treasurer, Stephen Nolan, effective April 7, 2023.

Key Points: 
  • Albany International Corp. (NYSE:AIN) announced today it has accepted the resignation of its Chief Financial Officer and Treasurer, Stephen Nolan, effective April 7, 2023.
  • Bill Higgins, Albany’s President and Chief Executive Officer, stated, “On behalf of our Board of Directors and everyone at Albany International, I want to thank Stephen for his significant contributions and financial leadership over the last four years.
  • I am very happy for Stephen and the Albany team wishes him well in his next role.”
    “It has been an honor to serve as CFO of Albany International and to work with high performing teams across the Company,” said Mr. Nolan.
  • “I am very pleased to welcome Rob Starr as our new CFO and Treasurer to succeed Stephen,” Higgins continued.

LPGA Golfers Allisen Corpuz and Annie Park Named SHI Brand Ambassadors

Retrieved on: 
Wednesday, March 22, 2023

SHI International , one of the world's largest IT solutions providers, named LPGA Tour golfers Allisen Corpuz and Annie Park as its newest official brand ambassadors.

Key Points: 
  • SHI International , one of the world's largest IT solutions providers, named LPGA Tour golfers Allisen Corpuz and Annie Park as its newest official brand ambassadors.
  • View the full release here: https://www.businesswire.com/news/home/20230322005709/en/
    Allisen Corpuz and Annie Park (Photo: SHI International)
    SHI, an LPGA Tour official technology partner , continues to expand its reach while recognizing and promoting innovation and excellence across a variety of industries.
  • Corpuz, 25, was one of the top rookies on the tour last year and Park, 27, had two top-10 finishes in 2022.
  • That's why partnering with the country’s largest minority woman-owned business feels like the perfect fit.”
    Corpuz and Park joining SHI as brand ambassadors marks the next milestone in the company’s partnership with LPGA, which was first announced last year.

Segra International Releases the 2023 “Growers Collection” Cultivar Catalogue

Retrieved on: 
Monday, March 20, 2023

VANCOUVER, British Columbia, March 20, 2023 (GLOBE NEWSWIRE) -- Segra International Corp. (“Segra”), an Vancouver-based cannabis tissue culture nursery and agriculture technology company, is pleased to announce the release of its highly anticipated 2023 “Growers Collection” Cultivar Catalogue.

Key Points: 
  • VANCOUVER, British Columbia, March 20, 2023 (GLOBE NEWSWIRE) -- Segra International Corp. (“Segra”), an Vancouver-based cannabis tissue culture nursery and agriculture technology company, is pleased to announce the release of its highly anticipated 2023 “Growers Collection” Cultivar Catalogue.
  • "We are thrilled to announce the release of our 2023 Growers Collection Cultivar Catalogue," said Matthew Don-Carolis, Director of Sales at Segra.
  • If you have any questions regarding our products, services and cultivar catalogue, please email us at [email protected] .
  • View Segra’s 2023 Growers Collection Cultivar Catalogue .

SAIC Schedules Fourth Quarter Fiscal Year 2023 Earnings Conference Call for April 3 at 10 a.m. ET

Retrieved on: 
Wednesday, March 15, 2023

Science Applications International Corp. (NYSE: SAIC ) is scheduled to issue its fourth quarter and full fiscal year 2023 results before market open on Monday, April 3, 2023.

Key Points: 
  • Science Applications International Corp. (NYSE: SAIC ) is scheduled to issue its fourth quarter and full fiscal year 2023 results before market open on Monday, April 3, 2023.
  • SAIC executive management will discuss operational and financial results in a conference 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.