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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 Corporation (NYSE: SAIC) reported Q2 revenue of $1.836 billion, marking a 4.1% increase year-over-year. Diluted earnings per share rose to $1.41, up 62% from $0.87. Adjusted diluted EPS increased by 21% to $1.97. Net bookings totaled $1.6 billion with a book-to-bill ratio of 0.9. The company raised its full-year 2022 revenue guidance to $7.30 billion - $7.40 billion, reflecting an anticipated COVID-19 impact of $125 million. SAIC's backlog stands at approximately $24 billion, with significant contract awards in defense and intelligence sectors.

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SAIC launches its 2021 Hunger Action Month campaign, partnering with Feeding America to address food insecurity worsened by the COVID-19 pandemic. Employees will organize events to raise funds and volunteer at food banks. In 2020, SAIC provided over 3.5 million meals and has contributed $1.5 million in total donations over eight years, translating to 15.3 million meals delivered. The urgency of their mission is underscored by a report indicating 42 million Americans, including 13 million children, will face food insecurity this year.

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Science Applications International Corp. (NYSE: SAIC) announced the appointment of Catherine Hernandez-Blades as senior vice president of marketing and communications. With over 25 years in the industry, Hernandez-Blades will oversee SAIC's marketing strategies, public relations, and ESG initiatives. She previously served in leadership roles at Aflac, Raytheon, and Lockheed Martin. Her accolades include an Emmy and recognition from Forbes. Reporting to Michelle O’Hara, Hernandez-Blades' expertise is expected to enhance SAIC’s brand and organizational culture, contributing to the company’s growth strategy.

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Science Applications International Corp. (NYSE: SAIC) announced $664 million in contract awards for Q2 FY2022, including a significant $355 million program for intelligence and defense agencies. These contracts focus on digital engineering, cloud, AI, and cybersecurity solutions, showcasing SAIC’s expertise in serving the intelligence community. Notably, a $90 million award from the U.S. Air Force aims to address small unmanned aircraft threats. SAIC’s president highlighted the company's commitment to delivering innovative solutions amidst complex challenges in national security.

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Science Applications International Corp. (SAIC) will announce its second quarter fiscal year 2022 results on September 2, 2021, followed by a conference call at 5:00 p.m. EDT. During this call, executive management will discuss operational and financial results with a simultaneous webcast available to the public. SAIC, a leader in technology integration for defense and civilian sectors, boasts annual revenues of approximately $7.1 billion and employs over 26,500 individuals. Additional details and a supplemental presentation will be accessible through the Investor Relations section of the SAIC website.

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Science Applications International Corp. (SAIC) has secured an $85 million contract from the U.S. Navy to provide software engineering and cyber support for the Joint Expeditionary Command and Control (JEXC2) systems. This five-year, cost-plus-fixed-fee contract will help design and sustain a portfolio of JEXC2 capabilities, contributing to the Navy's strategic goals in command and control integration. SAIC aims to enhance technological advancements in network virtualization and cloud operations to support Navy Expeditionary Forces.

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Science Applications International Corp. (NYSE: SAIC) has launched CloudScend™, an integrated cloud migration solution for federal agencies aimed at accelerating the transition of large-scale workloads to the cloud. Leveraging its expertise, SAIC provides a structured framework including five phases: Explore, Automate, Secure, Migrate, and Optimize, facilitating tailored migration experiences. Key features include automated security protocols and continuous modernization practices, ensuring a robust approach to cloud adoption. For more details, visit www.saic.com/cloudScend.

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Science Applications International Corp. (NYSE: SAIC) has established a Strategic Advisory Board to enhance growth and innovation. The initial members include David Norquist, Ellen Lord, and Dana Deasy, all with notable backgrounds in the Department of Defense and industry. This board will guide SAIC on customer priorities and potential growth areas. CEO Nazzic Keene expressed confidence in their expertise to drive tech integration for government clients. The company, with pro forma annual revenues of approximately $7.1 billion, aims to leverage digital engineering and AI to tackle national security challenges.

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Science Applications International Corp. (NYSE: SAIC) has appointed Heather Wilson as senior vice president of Human Resources and Peter Kidd as senior vice president of Total Rewards, strengthening its HR framework to support company growth. Additionally, Ben Wanjara becomes the corporate controller, responsible for accounting operations and SEC reporting. These appointments reflect SAIC's commitment to enhancing employee experience and aligning its workforce with advanced technology goals. Wilson and Kidd bring significant HR experience from prior roles, while Wanjara's expertise in accounting will guide SAIC in executing its long-term strategy.

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Science Applications International Corp. (SAIC) announced the completion of its acquisition of Halfaker and Associates LLC on July 2, 2021, for $250 million in cash. This move strengthens SAIC's digital transformation portfolio and enhances its support capabilities for government healthcare missions. Halfaker, known for its service culture, provides critical digital services and solutions to various government departments, highlighting its position as a top IT provider for the Department of Veterans Affairs. This acquisition is part of SAIC's strategy to boost its leadership in key government sectors.

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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

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SAIC Stock Data

5.41B
48.40M
0.96%
77.37%
1.9%
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