SAIC: the IT Service Provider for the Pentagon Impresses With Rising Profitability

Since the spin-off of Science Applications International Corporation (SAIC) at the end of 2013, the stock has been on a long-term uptrend, with only short interruptions such as the onset of the Corona pandemic. Since then, SAIC has focused for over ten years on providing IT services to government agencies. During this time, the stock price rose from $29 to an all-time high of $156 in November 2024. Triggered by the uncertainties following the election of Donald Trump as US President, the stock is currently in a correction phase, which could present...