{ }
001122334455554433221100
001122334455554433221100

government cuts consulting contracts impacting major firms and thousands of jobs

Elon Musk's leadership at the Department of Government Efficiency has led to significant job losses among federal workers and a review of contracts with major consulting firms. Deloitte is among the hardest hit, planning layoffs and facing a $51 million contract cancellation with the Department of Health and Human Services. Overall, the government is set to terminate contracts worth $65 billion with firms like Accenture and Booz Allen Hamilton, impacting their revenues substantially.

government contractors face earnings risks from doge exposure analysts warn

Barclays analysts warn that several government services firms face earnings pressure due to exposure to DOGE-related contracts, with up to 10% of revenue at risk. Companies like Booz Allen Hamilton, CACI International, Leidos, and SAIC are highlighted for their vulnerabilities, particularly in administrative and facilities support services. A potential cancellation of at-risk work could lead to a 2-3% decline in earnings per share, with worst-case scenarios predicting an 8-11% reduction across affected firms.

ubs raises science applications international price target to 126 maintains neutral rating

UBS has raised the price target for Science Applications International Corporation (SAIC) to $126 from $123 while maintaining a neutral rating. SAIC is a technology integrator offering comprehensive services in defense, space, civilian, and intelligence markets, focusing on IT modernization, digital engineering, and secure mission-critical operations. Its operations are divided into Defense and Intelligence, providing national security solutions, and Civilian, serving federal, state, and local governments.

science applications international corporation maintains neutral outlook on market performance

Science Applications International Corporation (SAIC) is a technology integrator providing lifecycle services and solutions in engineering and IT across defense, aerospace, and civilian markets. Its offerings include secure solutions in mission-critical operations, IT modernization, digital engineering, and artificial intelligence. The company serves U.S. government defense and intelligence agencies, as well as federal, state, and local authorities in the civilian sector.
Trending
Subcategory
Countries:
Companies:
Currencies:
People:

Machinary offers a groundbreaking, modular, and customizable solution that provides advanced financial news and statistical analysis. Our platform goes beyond traditional quantitative analysis, offering users a comprehensive understanding of real-time market dynamics, event detection, and risk analysis.

Address

Newsletter

© 2025 by Machinary.com - Version: 1.0.0.0. All rights reserved

Layout

Color mode

Theme mode

Layout settings

Seems like the connection with the server has been lost. It can be due to poor or broken network. Please hang on while we're trying to reconnect...
Oh snap! Failed to reconnect with the server. This is typically caused by a longer network outage, or if the server has been taken down. You can try to reconnect, but if that does not work, you need to reload the page.
Oh man! The server rejected the attempt to reconnect. The only option now is to reload the page, but be prepared that it won't work, since this is typically caused by a failure on the server.