Sept 9 SAIC Inc, a provider of
scientific and engineering services mainly to the U.S. defense
department, said its board approved the spin-off of its services
The new company, to be called Science Applications
International Corp, will include technical, engineering and
enterprise information technology services businesses.
SAIC will be renamed as Leidos Holdings Inc.
The company also declared a pro-rata dividend, effective
Shares of the company rose nearly 3 percent in after-market
trading. They closed at $14.44 on the New York Stock Exchange on