SAIC (SAI) -2.6% premarket after the Defense Department's Friday announcement that it awarded...

|By:, SA News Editor

SAIC (SAI) -2.6% premarket after the Defense Department's Friday announcement that it awarded Lockheed Martin (LMT) the $4.6B DISA GSM-O contract to run the DoDs global network. This was SAI's largest contract, generating more than $400M/year in revenues. Stifel Nicolaus cuts FY 2014 estimates to reflect the loss but leaves FY13 unchanged given likely transition delays from a potential protest.