Local Business Alert

SAIC plans to cut annual costs by $350 million

McLean-based Science Applications International Corp. said Tuesday it plans to cut $350 million in annual costs, primarily by trimming staff and facilities and pushing for greater savings in what it buys.

The company is in the process of splitting itself into two public companies — a roughly $4 billion-a-year services business and an estimated $7 billion-a-year IT company.

Read more at:
http://www.washingtonpost.com/blogs/capital-business/post/saic-plans-to-cut-annual-costs-by-350-million/2013/03/26/f9131394-965d-11e2-9e23-09dce87f75a1_blog.html

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