$SAIC

SAIC (NYSE:SAIC) reported strong Q2 earnings, beating estimates and seeing its stock rise 14% to $143.56. Amentum (NYSE:AMTM) missed revenue expectations by 2.2%, with shares down 13.3% to $21.19. Booz Allen Hamilton (NYSE:BAH) reported a 4.2% revenue decline but beat EPS estimates, with shares up 20.4% to $79.34. ICF International (NASDAQ:ICFI) reported flat revenues but beat EPS estimates, with shares up 9.3% to $93.26.

BYD led China's NEV retail sales in September with 246,816 units, a 22.8% market share, despite a 16.7% year-over-year market decline. Tesla climbed to fourth place with 64,837 sales, up 29.6% from August. Leapmotor grew 30.8% year-over-year, the only top-five maker to do so. Total NEV retail sales fell to 1.084 million, below initial estimates.

France and Germany reached a deal on EU auto emissions standards, balancing looser CO2 rules and 'Made in Europe' protections. Carmakers like Volkswagen, Stellantis, and Renault welcomed the accord, which boosted auto stocks. The agreement aims to help European manufacturers compete with Chinese rivals and may include the UK if it protects its industry. Renault CEO Francois Provost urged UK-EU cooperation.

RTX's Raytheon received a $729M contract for C-UAS systems. Boeing tested MQ-25 software, enabling autonomous coordination. The Navy awarded MQ-25A production contracts and tested automatic landing gear retraction. AeroVironment's VideoRay demonstrated autonomous mine countermeasures. Lockheed Martin delivered a C-130J for TACAMO conversion, with Northrop Grumman integrating systems. ThinKom provided SATCOM antennas for the E-130J Phoenix II. XTEND, Orqa, and Swarm received DoD drone awards.

Cognex (CGNX), Insight Enterprises (NSIT), and SAIC (SAIC) fell 4%, 3.8%, and 2.8% respectively, as September inflation rose to 3.7%, surpassing expectations and driving bond yields higher. Elevated inflation and interest rates may compress valuations, particularly in growth sectors like technology. Cognex's volatility continues, with shares down 20.5% from their 52-week high. Truist lowered its price target for Cognex to $74, maintaining a Hold rating.

SAIC (NYSE:ULS) reported Q2 revenue of $1.88B, up 6.3% YoY, beating estimates. Amentum (NYSE:AMTM) reported $3.49B, down 2% YoY, missing estimates. Maximus (NYSE:MMS) reported $1.28B, down 5.1% YoY, missing estimates. Jacobs Solutions (NYSE:J) reported $2.42B, up 8.3% YoY, slightly beating estimates. Stocks reacted accordingly to the results.

SAIC appointed Kenneth B. Crews as CFO, effective December 7, 2026. He will replace Prabu Natarajan, who will transition to lead the Civilian Business Group. Crews has over 20 years of experience in defense and government services, most recently as CFO at Northrop Grumman. According to the company, Natarajan will continue in his role until a successor is appointed.

Science Applications International Corp (SAIC) filed an SEC Form 8-K — Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers. Exhibit 99.1 PRESS RELEASE SAIC Announces Key Leadership Appointments Prabu Natarajan Named Permanent Executive Vice President of the Civilian Business Group; Kenneth Crews to Join SAIC as Executive Vice President and Chief Financial Officer Elect RESTON, Va., Oct. 13, 2026 (GLOB

Chinese automaker shares fell on Tuesday due to weak domestic sales and EU hybrid import curbs. SAIC Motor, Chery, Leapmotor, and others declined, while Geely rose. September sales dropped 28.1% YoY, with exports up 73.2%. EU limits on hybrid imports may impact BYD, SAIC, and Chery, which dominate the market.

The 2026 Paris Motor Show highlights intense competition between European and Chinese automakers. Chinese brands, including BYD and Chery, are expanding their presence with 60 new models. The EU and China agreed to reduce Chinese hybrid imports by over 50%, impacting major Chinese automakers. Volkswagen and Stellantis are countering with new models and investments. Chinese firms are also shifting production to Europe to mitigate trade restrictions.