Overseas Civilian Contractors

News and issues relating to Civilian Contractors working Overseas

Government IT contractors downgraded

Forbes  September 1, 2011

NEW YORK — Shares of government information technology contractors feel sharply Thursday after an analyst downgraded the companies’ stocks, citing concerns that spending cuts in Washington could crimp their future revenue potential.

Stifel Nicolaus analyst William Loomis downgraded Booz Allen Hamilton Inc., ICF International ( ICFInews people) Inc. and SAIC Inc. to “Hold” from “Buy.”

All three contractors do a variety of IT jobs for the government. Booze Allen and SAIC, for example, do intelligence work for different defense agencies including cyber security and software development. ICF International does policy assessments and market analysis for the government and private companies.

Please read the entire article here

September 1, 2011 - Posted by | Civilian Contractors, Contingency Contracting, Government Contractor | , , , ,

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