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Saic

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defense2 years ago•1 min saved

SAIC Secures $574M Contract for Space Force Radar Site Maintenance

The U.S. Space Force has awarded Science Applications International Corp. (SAIC) a $574.5 million contract to maintain ground-based radar sensors used for missile warning and space surveillance. SAIC will be responsible for maintaining radar sites located in Greenland, Alaska, the United Kingdom, California, Massachusetts, and North Dakota. These radar sites were originally built during the Cold War to detect and track intercontinental and sea-launched ballistic missiles, as well as conduct general space surveillance and satellite tracking. The contract was previously held by Northrop Grumman.

via SpaceNews|

#defense #missile-warning #radar-sensors

automotive2 years ago•1 min saved

Volkswagen's China Expansion: Xpeng and SAIC Partnerships Drive EV Line-up Growth

Volkswagen has announced two partnerships in China to strengthen its position in the market. The first partnership is with Xpeng Inc, where they will develop two new VW brand models on the MEB platform, featuring Xpeng software on autonomous driving. Volkswagen will invest $700 million in Xpeng and acquire a 4.99% stake in the company. The second partnership is with SAIC, where Volkswagen's subsidiary Audi will collaborate on jointly developed models and a new platform, although no specific details or timeline were provided.

via Yahoo Finance|

#automotive #china #partnership

military2 years ago•3 min saved

"Ukraine Bolsters Anti-Drone Defense Against Russian Threats"

The US is sending anti-drone missiles to Ukraine as part of an experimental platform to help the country combat Iranian-built drones that have caused blackouts across the country. The package includes 10 mobile c-UAS laser-guided rocket systems, which were tested in January to fight off Shahed-136 suicide drones. SAIC, which participated in the competition, is in the running to send ten of the weapons to Ukraine. The aid package also includes munitions for the National Advanced Surface-to-Air Missile Systems, anti-drone 30mm gun trucks, air-surveillance radars, and anti-aircraft ammunition.

via Defense One|

#air-defense #anti-drone-weapons #military

business2 years ago•1 min saved

"Monday's Top Stocks to Watch: Tesla, McDonald's, and More"

Tesla reported Q1 deliveries of 422,875 units, beating expectations and marking a 36.39% YoY increase. McDonald's is closing its US offices temporarily as it prepares for corporate layoffs. SAIC is expected to post Q1 earnings of $1.66 per share on revenue of $1.86 billion. SWK Holdings is expected to have earned $0.19 per share on revenue of $8.28 million for the latest quarter. Stryve Foods is expected to post a quarterly loss at $0.15 per share on revenue of $5.54 million.

via Benzinga|

#business #mcdonalds #saic