Federal conflict of interest rules are forcing SAIC,the former Science Applications International Corporation,to divide into two separate companies.The rules make it harder for a company that combines services and solutions functions as SAIC does to compete for contracts.Under the leadership of new CEO General John P. Jumper,US Air Force retired,the IT-oriented research group will spin off its 4 billion dollar a year services business from the larger 7 billion a year solutions business.
The services business will provide systems engineering and technical assistance,plus financial analysis and program office support.The solutions business will offer science and technology for national security,engineering and health projects such as communications,intelligence,logistics and electronic warfare initiatives.
SAIC was founded by a small group of scientists led by physicist J. Robert Beyster,PhD in 1969.The FORTUNE 500 company addresses complex and critical technology-related needs such as cancer research at its SAIC-Frederick subsidiary in Maryland.SAIC-Frederick develops and applies advanced technologies to translational research,accelerating the delivery of new cancer and AIDS treatments.The activity supports the National Institutes of Health's Frederick National Laboratory for Cancer Research,employing nanotechnology,genomics and biomedical imagery in both basic and applied research.
SAIC employs about 40,000 people at locations from Virginia to Saudi Arabia,Bahrain and the United Arab Emirates.
SAIC,Inc(SAI)
Showing posts with label Bahrain. Show all posts
Showing posts with label Bahrain. Show all posts
Friday, September 7, 2012
Sunday, February 27, 2011
Advantage View:Inside Saudi Arabia
Robert W. Jordan,former U.S. Ambassador to Saudi Arabia,has been assessing the kingdom's position in the recent wave of change sweeping the Middle East.King Abdullah is seen as a very sincere,non-corrupt ruler by his people.
We do need to carefully watch the middle class and the jobless.That could percolate over the next several years.Fifty percent of Saudis under 18 have poor prospects,but the people are impressed by the kingdom's investments in infrastructure.
There is tremendous liquidity in the Middle East,but Iran's hands are at work in the Yemen,Bahrain and Lebanon troubles.
The oil field security in Saudi Arabia is good.Overall,the business view is positive.
In Bahrain,it appears the king and crown prince will likely survive.They appear to have gotten a grip on the troubles,the former ambassador feels.
Mr.Jordan is currently Partner in Charge of Middle East Practice at law firm Baker Botts LLP.The firm has offices in Abu Dhabi,Dubai and Riyadh,Saudi Arabia.
Although a Saudi Arabian firm has created two exchange-traded funds based on the country's Tadawul stock market,they are not traded on U.S. exchanges as of yet.The Gulf Cooperation Council etfs are only available ex-Saudi Arabia.
iShares MSCI GCC Countries ex-Saudi Arabia(IGCC)
We do need to carefully watch the middle class and the jobless.That could percolate over the next several years.Fifty percent of Saudis under 18 have poor prospects,but the people are impressed by the kingdom's investments in infrastructure.
There is tremendous liquidity in the Middle East,but Iran's hands are at work in the Yemen,Bahrain and Lebanon troubles.
The oil field security in Saudi Arabia is good.Overall,the business view is positive.
In Bahrain,it appears the king and crown prince will likely survive.They appear to have gotten a grip on the troubles,the former ambassador feels.
Mr.Jordan is currently Partner in Charge of Middle East Practice at law firm Baker Botts LLP.The firm has offices in Abu Dhabi,Dubai and Riyadh,Saudi Arabia.
Although a Saudi Arabian firm has created two exchange-traded funds based on the country's Tadawul stock market,they are not traded on U.S. exchanges as of yet.The Gulf Cooperation Council etfs are only available ex-Saudi Arabia.
iShares MSCI GCC Countries ex-Saudi Arabia(IGCC)
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