SAIC Awarded $232 Million U.S. Army Contract for Systems Engineering and IT Modernization Services
Science Applications International Corp. (SAIC) has secured a $232 million contract from the U.S. Army to develop signals intelligence and electronic warfare systems. The contract aims to enhance the DTIC repository and support the R&D and S&T community, focusing on addressing emerging battlefield challenges. SAIC will provide critical systems engineering and IT modernization services over a five-year period.
- SAIC secures a substantial $232 million contract from the U.S. Army for systems engineering and IT modernization services, demonstrating strong revenue potential and growth opportunities for the company.
- The company may face challenges in effectively identifying gaps, vulnerabilities, and mitigating strategies in multiple intelligence disciplines, which could impact the successful execution of the contract.
“As warfighting moves to a more data-centric environment, SAIC is committed to supporting the
Under the five-year contract, SAIC will identify gaps, vulnerabilities threats and recommend mitigation strategies and solutions in multiple intelligence disciplines.
To learn more, visit www.saic.com/defense
ABOUT DOD IAC PROGRAM
The DoD IAC, sponsored by the Defense Technical Information Center, provides technical data management and research support for DoD and federal government users. Established in 1946, the IAC program serves the DoD science & technology (S&T) and acquisition communities to drive innovation and technological developments by enhancing collaboration through integrated scientific and technical information development and dissemination for the DoD and broader S&T community.
About SAIC
SAIC® is a premier Fortune 500® technology integrator focused on advancing the power of technology and innovation to serve and protect our world. Our robust portfolio of offerings across the defense, space, civilian and intelligence markets includes secure high-end solutions in mission IT, enterprise IT, engineering services and professional services. We integrate emerging technology, rapidly and securely, into mission critical operations that modernize and enable critical national imperatives.
We are approximately 24,000 strong; driven by mission, united by purpose, and inspired by opportunities. SAIC is an Equal Opportunity Employer, fostering a culture of diversity, equity and inclusion, which is core to our values and important to attract and retain exceptional talent. Headquartered in
Forward-Looking Statements
Certain statements in this release contain or are based on “forward-looking” information within the meaning of the Private Securities Litigation Reform Act of 1995. In some cases, you can identify forward-looking statements by words such as “expects,” “intends,” “plans,” “anticipates,” “believes,” “estimates,” “guidance,” and similar words or phrases. Forward-looking statements in this release may include, among others, estimates of future revenues, operating income, earnings, earnings per share, charges, total contract value, backlog, outstanding shares and cash flows, as well as statements about future dividends, share repurchases and other capital deployment plans. Such statements are not guarantees of future performance and involve risk, uncertainties and assumptions, and actual results may differ materially from the guidance and other forward-looking statements made in this release as a result of various factors. Risks, uncertainties and assumptions that could cause or contribute to these material differences include those discussed in the “Risk Factors,” “Management’s Discussion and Analysis of Financial Condition and Results of Operations” and “Legal Proceedings” sections of our Annual Report on Form 10-K, as updated in any subsequent Quarterly Reports on Form 10-Q and other filings with the SEC, which may be viewed or obtained through the Investor Relations section of our website at saic.com or on the SEC’s website at sec.gov. Due to such risks, uncertainties and assumptions you are cautioned not to place undue reliance on such forward-looking statements, which speak only as of the date hereof. SAIC expressly disclaims any duty to update any forward-looking statement provided in this release to reflect subsequent events, actual results or changes in SAIC’s expectations. SAIC also disclaims any duty to comment upon or correct information that may be contained in reports published by investment analysts or others.
Disclaimer. “This material is based upon work supported by the DoD Information Analysis Center Program (DoD IAC), sponsored by the Defense Technical Information Center (DTIC) under Contract No. FA807518D0007.”
Approved for Public Release, Distribution Unlimited. “Any opinions, findings and conclusions or recommendations expressed in this material are those of the author(s) and do not necessarily reflect the views of the DoD”
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Thais Hanson
703.676.8215 | thais.c.hanson@saic.com
Source: Science Applications International Corp.
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