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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.
Science Applications International Corp. (NYSE: SAIC) has been selected for the Advanced Battle Management System (ABMS) Digital Infrastructure Consortium to enhance multi-domain operations for the Department of the Air Force. As one of five companies involved, SAIC will collaborate to integrate state-of-the-art digital capabilities, contributing to the Department of Defense's Command and Control vision. With annual revenues of approximately $7.4 billion, SAIC aims to support military readiness and strategic decision-making, ensuring mission success.
SAIC reported net bookings of $2.1 billion with a book-to-bill of 1.1x for Q2 FY2023, contributing to revenues of $1.83 billion, unchanged year-on-year. Diluted EPS was $1.30, down 8% compared to the previous year, while adjusted diluted EPS declined 11% to $1.75. The company raised its full-year revenue guidance to $7.50-$7.55 billion and adjusted diluted EPS outlook to $7.00-$7.20. SAIC successfully refinanced its debt, saving interest costs, and declared a quarterly dividend of $0.37 per share.
Science Applications International Corp. (NYSE: SAIC) has declared a cash dividend of $0.37 per share, scheduled for payment on October 28, 2022, to shareholders on record as of October 14, 2022. The company plans to maintain quarterly dividends, contingent on future earnings and financial conditions as determined by the board of directors. With annual revenues of approximately $7.4 billion, SAIC is a leading technology integrator serving various markets, including defense and intelligence.
Science Applications International Corp. (SAIC) secured approximately $400 million in national security and space contract awards for Q2 FY2023, complementing a prior $319 million contract with the U.S. Air Force. These awards focus on systems integration, new cloud programs, and JADC2 efforts. President Michael LaRouche emphasized SAIC's leadership in digital engineering and transformative technology. With annual revenues around $7.4 billion, SAIC remains a key player in defense and intelligence sectors.
Science Applications International Corp. (SAIC) has secured a $163 million contract from the U.S. Navy. This contract focuses on providing technical sustainment, engineering, logistics, and modernization support to Naval Enterprise Networks. The work will be conducted for the Naval Information Warfare Center (NIWC) Pacific, ensuring support for all shore-based Navy commands and enhancing operational command and control. SAIC emphasizes its commitment to delivering critical solutions to meet Navy network challenges.
Science Applications International Corp. (SAIC) has secured a $319 million contract from the U.S. Air Force for the Falconer Air Operations Center Weapon System Sustainment. The partnership with Kessel Run aims to modernize and enhance operations for planning and executing air, space, and cyber operations. This award underscores SAIC's capabilities in command, control, cloud migration, and digital modernization. Recent awards related to the Joint All-Domain Command and Control (JADC2) signify the Department of Defense's confidence in SAIC's offerings.
SAIC has announced a $100,000 scholarship donation in partnership with Alabama A&M University to support students pursuing careers in engineering and physical sciences. This donation will benefit two incoming freshmen enrolled in the College of Engineering, Technology and Physical Sciences. Greg Fortier, a VP at SAIC, emphasized the importance of supporting future technology leaders. This collaboration aims to provide educational opportunities regardless of financial circumstances, fostering innovation and transforming STEM fields.
Science Applications International Corp. (SAIC) is set to release its second quarter fiscal year 2023 results on September 1, 2022, before market open. An executive conference call discussing operational and financial outcomes will follow at 10:00 a.m. ET. The call will be available via webcast, with a supplemental presentation accessible on the SAIC Investor Relations website. SAIC, headquartered in Reston, Virginia, reported approximately $7.4 billion in annual revenues, focusing on technology solutions across defense, space, and intelligence markets.
Science Applications International Corp. (SAIC) has announced the appointment of Hilary L. Hageman as the new Executive Vice President, General Counsel, and Corporate Secretary, effective July 11, 2022. Hageman returns to SAIC after serving as General Counsel at Cubic Corporation. She succeeds Steven G. Mahon, who will retire on September 30, 2022, after serving in the role since 2015. CEO Nazzic Keene praised Mahon for his leadership and expressed confidence in Hageman's capabilities to enhance SAIC's legal affairs.
Science Applications International Corporation (NYSE: SAIC) reported a revenue increase to $2.0 billion, marking a 6% growth compared to last year. However, diluted earnings per share decreased 7% to $1.29. The company raised its revenue and adjusted diluted EPS guidance for fiscal year 2023, projecting revenues between $7.43 billion and $7.55 billion and adjusted diluted EPS of $6.90 to $7.20. The Board approved a share repurchase program of up to 8.8 million shares. The backlog stands at $24.1 billion, with net bookings of $2.0 billion.
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