SAIC plans to split into two companies
“Our two new companies will be designed so that their
businesses can be more differentiated and more competitive in their own space,”
Jumper said in a statement announcing the spinoff.
{mosads}The breakup, which is subject to final approval by SAIC’s
board of directors, would occur in the first half of 2013. Both entities will
remain publicly traded.
The move comes just five months into Jumper’s tenure as chief
of SAIC. He’s been a board member since 2007.
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