Local Business Alert: SAIC says 3Q profits wiped out by $232 million loss provision

	Tuesday, December 6, 2011 5:12:58 PM LOCAL BUSINESS ALERT SAIC says 3Q profits wiped out by $232 million loss provision McLean-based Science Applications International Corp. reported Tuesday that its third-quarter profit was wiped out by a $232 million loss provision relating to a contract with New York City under investigation for fraud. The news follows the company's announcement in October that it would remove three top executives — Deborah Alderson, president of the company's defense solutions group; John Lord, her deputy; and Peter Dube, general manager of the enterprise and mission solutions business — and begin an internal review of CityTime, an employment timekeeping system SAIC was under contract to manage. Read more at: http://wapo.st/s0Qb20 Or visit PostBusiness.com or Capital Business. SEND TO A FRIEND UNSUBSCRIBE E-MAIL CENTER GET HELP Washington Post Digital E-mail Customer Care 1150 15th Street NW Washington, D.C. 20071 ©2011 The Washington Post Privacy Policy