SAIC Falls After Losing Largest Contract: Washington Mover
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SAIC Inc. fell the most in seven months after losing its largest government contract to Lockheed Martin Corp.
Shares of SAIC, based in McLean, Virginia, declined 3.1 percent to close at $11.86 in New York. They fell as much as 5.2 percent, the most since Nov. 9, 2011, in earlier trading.