Science Applications International Corporation - SAIC STOCK NEWS

Science Applications International Corp. (SAIC) has introduced Tenjin, a new AI and machine-learning platform designed to enhance data management for government agencies. This low-code to full-code platform allows users, regardless of technical expertise, to develop analytic models, enabling quicker decision-making. Tenjin integrates seamlessly with the Koverse Data Platform, ensuring strong data governance and security. SAIC recently received recognition from Frost & Sullivan as a JADC2 Company to Watch for its expertise in AI and big data analytics. SAIC aims to facilitate digital transformation across the public sector through innovations like Tenjin.

Science Applications International Corp. (NYSE: SAIC) has received the 2023 Business Intelligence Group's Innovation Award for its Counter Unmanned Aerial Systems (CUAS) solution. This recognition highlights SAIC's ongoing commitment to innovative solutions in mitigating drone threats. The CUAS system offers platform-agnostic capabilities for drone detection, identification, and mitigation, supporting various sectors including military and commercial. Following a successful field test, the U.S. Army's Joint Counter-small Unmanned Aircraft Systems Office identified SAIC as a top performer among three recommended companies for Counter-UAS as a Service (CaaS).

SAIC has secured a $112 million contract to develop Cloud Based Command and Control (CBC2) for the U.S. Air Force's Advanced Battle Management System (ABMS). This initiative aims to modernize command and control systems and support the DoD’s Joint All Domain Command and Control (JADC2) vision. The first application will enhance Air Defense capabilities for NORAD and Pacific Air Forces.

SAIC has a strong position in defense technology, with annual revenues of $7.4 billion and a workforce of approximately 26,000 employees. Recent contracts showcase the company’s commitment to improving national security through innovative technology solutions.

Science Applications International Corp. (NYSE: SAIC) has secured a $349 million contract from the U.S. Navy to support Afloat and Ashore Tactical Networks (TACNET) over five years. This contract involves systems engineering support, management, and logistics, building on SAIC's previous 15 years of service in this area. The company aims to enhance the Navy's IT modernization initiatives, with work primarily based in San Diego, California. SAIC reported annual revenues of approximately $7.4 billion, highlighting its significant role in defense technology.

Science Applications International Corp. (NYSE: SAIC) has secured a prime position on the Federal Aviation Administration (FAA) Systems Engineering and Technical Innovative Solutions (SETIS) indefinite delivery, indefinite quantity contract valued at $2.3 billion. This contract spans 36 months with options extending it up to nine years. SAIC aims to enhance FAA's airspace systems through advanced engineering and technology solutions. Since 2010, SAIC has provided extensive support to the FAA, focusing on air traffic control, communication, navigation, and surveillance.

Science Applications International Corp. (SAIC) has appointed Carolyn Handlon and James C. Reagan to its board of directors, expanding the board to 13 members, with nearly two-thirds being women and people of color. Handlon, a former Executive VP at Marriott, will join the Audit and Nominating Committees, while Reagan, ex-CFO of Leidos, will serve on the Audit and Human Resources Committees. The board chair emphasized their integrity and leadership capabilities, which are expected to enhance SAIC's commitment to sustainable growth for customers and shareholders.

Science Applications International Corp. (SAIC) has secured a $150 million contract from the United States Transportation Command (USTRANSCOM) to modernize their IT management systems over five years.

This contract underlines SAIC's expertise in enterprise IT, including cloud migration and cyber security. The project is aimed at enhancing global mobility through advanced IT services and follows the earlier IT Service Management program.

Science Applications International Corp. (NYSE: SAIC) has secured a $150 million blanket purchase agreement with the Transportation Security Administration (TSA) to conduct operational testing and evaluation of airport screening equipment. This agreement allows SAIC to provide essential support in validating the effectiveness and cyber resilience of TSA systems, ensuring the safety of U.S. air travel. The company, with annual revenues of approximately $7.4 billion, emphasizes its commitment to enhancing airport security through innovative technology.

Science Applications International Corporation (NYSE: SAIC) reported third-quarter fiscal 2023 results with revenues of $1.91 billion, reflecting a 1% increase year-over-year. The diluted earnings per share rose 19% to $1.45, and adjusted diluted EPS grew 3% to $1.90. The company achieved net bookings of $2.0 billion, resulting in a book-to-bill ratio of 1.1. SAIC raised its revenue and adjusted diluted EPS guidance for the fiscal year, projecting revenues of approximately $7.6 billion.