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Science Applications International Corporation - SAIC STOCK NEWS

Welcome to our dedicated page for Science Applications International Corporation news (Ticker: SAIC), a resource for investors and traders seeking the latest updates and insights on Science Applications International Corporation stock.

Science Applications International Corporation (SAIC) is a premier technology integrator providing full life cycle services and solutions in the technical, engineering, intelligence, and enterprise information technology markets. Headquartered in McLean, Virginia, SAIC is a key player in the U.S. federal government sector, leveraging its deep customer and domain knowledge to deliver systems engineering and integration offerings for large, complex projects.

With approximately 15,000 employees driven by integrity and mission focus, SAIC serves a wide range of customers across various government agencies. The company's end-to-end enterprise IT offerings cover the entire spectrum of customers' IT infrastructure needs, emphasizing higher-end technology services.

SAIC's core capabilities include engineering, systems integration, and information technology services, particularly for large government projects. The company has annual revenues of approximately $4.4 billion, reflecting its strong financial position and significant market presence.

Recent achievements highlight SAIC's commitment to innovation and excellence. The company recently honored its 2024 Black Engineer of the Year Awards (BEYA) winners, celebrating outstanding achievements in STEM professions:

  • Samford Anderson, Senior Operations Research Analyst, recognized as a 'Modern Day Technology Leader' for his work in planning and executing U.S. Army constructive experimentation.
  • Marcus Hill, Senior Program Manager, also a 'Modern Day Technology Leader', noted for his leadership in IT initiatives and program management offices supporting the U.S. Army Corps of Engineers.
  • Deja Noel, Cybersecurity Specialist, acknowledged for her role in risk assessment and mitigation within SAIC's Governance, Risk, and Compliance team.
  • Donald Tarpley, Program Analyst Manager, awarded the 'Science Spectrum Trailblazer' title for his exceptional logistics strategy and management for the U.S. Department of Homeland Security's Science and Technology Directorate.
  • Geataeus Willocks, Systems Engineering Manager, also a 'Science Spectrum Trailblazer', recognized for her contributions to electronic warfare space control and mentoring efforts in STEM fields.

These achievements underscore SAIC's dedication to diversity, equity, and inclusion, as well as its commitment to solving the most difficult challenges and succeeding together with its customers.

For more information about SAIC, its projects, and career opportunities, please visit the official website at saic.com.

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Science Applications International Corp. (SAIC) has appointed Barbara Graham as the senior vice president of its Navy Business Unit. She will lead strategy, business development, and program excellence for SAIC's $1 billion portfolio serving U.S. Navy and Marine Corps clients. Graham brings extensive experience from her prior leadership roles at GDIT, CACI, and BAE Systems. Bob Genter, president of SAIC's Defense and Civilian Sector, expressed confidence in Graham's ability to drive growth and develop talent. With approximately $7.4 billion in annual revenue, SAIC remains a prominent technology integrator in defense and intelligence markets.

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Science Applications International Corp. (NYSE:SAIC) has announced the sale of its logistics and supply chain management business to ASRC Federal for $350 million in cash. The transaction is expected to close in the first half of fiscal year 2024, pending regulatory approvals. CEO Nazzic Keene stated that this sale aligns with SAIC's strategy to streamline its portfolio and focus resources on growth areas such as Secure Cloud, Enterprise IT, and Systems Integration, which now represent over 30% of the company's revenue. Approximately 240 employees will transition to ASRC Federal along with the business.

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ASRC Federal announced its acquisition of the logistics and supply chain management business from Science Applications International Corporation (SAIC) on March 23, 2023. This strategic move will enhance ASRC Federal's capabilities in providing secure and technology-enabled logistics solutions to the Defense Logistics Agency (DLA), serving various Department of Defense agencies. The acquisition is expected to close in Spring 2023, pending customary conditions, and will add around 240 professionals to ASRC Federal's workforce. This aligns with ASRC's mission to diversify its service offerings and support military readiness.

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Science Applications International Corp. (SAIC) will release its fourth quarter and full fiscal year 2023 results on April 3, 2023, before market open. A conference call to discuss the results will follow at 10:00 a.m. Eastern time and will be available via webcast on the SAIC website. The company reported approximately $7.4 billion in annual revenue and emphasizes its role in technology transformation across various sectors.

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Science Applications International Corp. (SAIC) has announced a strategic investment of $5 million in Morpheus Data, focusing on enhancing its cloud integration solutions. This partnership aims to improve service delivery and transparency in multi-cloud environments, leveraging Morpheus' orchestration engine within SAIC's CloudScend framework. With over $1 billion in annual revenue from the Secure Cloud market, this investment is expected to strengthen SAIC's position and accelerate growth in federal business. The collaboration will enable faster provisioning and delivery of cloud services for government agencies.

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Science Applications International Corp. recently announced the winners of the 2023 Black Engineer of the Year Awards (BEYA), recognizing outstanding achievements in technology. The awardees include Boris Bates Sr., Calvin Coker, Alonzo Granville, Richard Truesdale, and Thomas Wilson, who excel in fields related to cyber governance, digital engineering, and program management. The company highlights how these leaders use their skills to contribute to missions for the Department of Defense and mentor future professionals in STEM. This initiative showcases SAIC's commitment to diversity, innovation, and the development of talent in the engineering sector.

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SAIC emphasizes the importance of partnerships with historically Black colleges and universities (HBCUs) to enhance industry engagement and community support. The company identifies three key strategies for maximizing these collaborations:

  • Broader Engagement: Companies should view HBCUs as more than just talent pools, recognizing their potential in research and government contracts.
  • Navigating Business Opportunities: Industry partners can assist HBCUs in understanding government contracts and securing funds.
  • Time Investment: Building long-term relationships requires continuous commitment from companies.

SAIC's longstanding partnerships with institutions like Bowie State University and Oakwood University illustrate this commitment.

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Science Applications International Corp. (SAIC) announced the appointment of Josh Jackson as senior vice president of the Army Business Unit. In this role, he will lead strategy and program development for U.S. Army customers. Jackson, a SAIC veteran since 2002, has held multiple leadership positions and is recognized for his innovation in defense solutions. His leadership is expected to enhance SAIC's operational excellence and grow its Army portfolio. Bob Genter, president of Defense and Civilian Sector, expressed confidence in Jackson's ability to maintain the positive momentum in the company's growth initiatives.

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Science Applications International Corp. (SAIC) will host an Investor Day on April 11, 2023, in New York City. Management presentations will start at 10:45 a.m. ET. Analysts and institutional investors can preregister via an invitation to be sent at the end of February. The event will include discussions on the company’s long-term strategy, operations, and financial outlook, featuring CEO Nazzic Keene and executive leadership. A live webcast will be available, with a replay accessible after the event.

SAIC, headquartered in Reston, Virginia, has approximately $7.4 billion in annual revenues and focuses on technology integration across various markets.

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FAQ

What is the current stock price of Science Applications International Corporation (SAIC)?

The current stock price of Science Applications International Corporation (SAIC) is $111.42 as of December 20, 2024.

What is the market cap of Science Applications International Corporation (SAIC)?

The market cap of Science Applications International Corporation (SAIC) is approximately 5.4B.

What does Science Applications International Corporation (SAIC) do?

SAIC provides full life cycle services and solutions in technical, engineering, intelligence, and enterprise IT markets, mainly serving the U.S. government.

Where is SAIC headquartered?

SAIC is headquartered in McLean, Virginia.

How many employees does SAIC have?

SAIC employs approximately 15,000 people.

What are SAIC's main services?

SAIC offers engineering, systems integration, and information technology services, particularly for large government projects.

What was SAIC's recent revenue?

SAIC has annual revenues of approximately $4.4 billion.

Who are some of SAIC's recent award winners?

Recent BEYA award winners include Samford Anderson, Marcus Hill, Deja Noel, Donald Tarpley, and Geataeus Willocks for their outstanding achievements in STEM fields.

What are SAIC's core capabilities?

SAIC's core capabilities include engineering, systems integration, and IT services, especially for government projects.

How does SAIC support diversity and inclusion?

SAIC is committed to diversity, equity, and inclusion, as evidenced by its recognition of employees through awards and active support of various initiatives.

Where can I find more information about SAIC?

You can find more information about SAIC on their official website: https://saic.com.

What recent projects has SAIC been involved in?

SAIC has been involved in various projects including U.S. Army constructive experimentation, IT initiatives for the U.S. Army Corps of Engineers, and electronic warfare space control for the U.S. Air Force Space and Missile Systems Center.

Science Applications International Corporation

NYSE:SAIC

SAIC Rankings

SAIC Stock Data

5.41B
48.40M
0.96%
77.37%
1.9%
Information Technology Services
Services-computer Integrated Systems Design
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United States of America
RESTON