SAIC Awarded $319 Million Air Force Air Operations Center Weapon System Sustainment Contract

Rhea-AI Summary

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.

Positive

• Awarded a $319 million contract for Falconer AOC Weapon System Sustainment.
• Partnership with Kessel Run will enhance operational capabilities globally.
• Strengthens SAIC's position in command and control and digital modernization sectors.

Negative

• None.

Command and control program modernizes operations to accelerate speed of decisions for commanders in planning and directing air, space and cyber operations

RESTON, Va.--(BUSINESS WIRE)-- Science Applications International Corp. (NYSE: SAIC) has been awarded the $319 million Falconer Air Operations Center (AOC) Weapon System Sustainment contract by the U.S. Air Force. The SAIC team will partner with Kessel Run, a Division within the Air Force Life Cycle Management Center’s (AFLCMC) Digital Directorate, to provide Air Operations Centers around the globe with a reliable, secure and modernized mission system to plan and conduct air operations.

The Falconer program assists Air Force component commanders in planning, directing and assessing air, space and cyberspace operations. The AOC ingests, analyzes and disseminates command, control and intelligence data to support operations.

“The Falconer program is a strategic win for SAIC that combines our capabilities in command and control and leadership in cloud migration and digital modernization,” said Michael LaRouche, president of SAIC’s National Security and Space Sector. “We know our nation must transform command and control systems to retain our advantage. SAIC is committed to be an unbiased transformation agent. We are leading change. The Falconer program is another in a series of wins demonstrating the confidence the DoD has in our abilities. Other recent and related JADC2 awards include the Advanced Battle Management System contract, the Integrated Multi-Domain Command and Control contract and the Air Force’s Counter-small UAS contract.”

AFLCMC Kessel Run chose SAIC as the systems integrator to maximize the current Falconer system’s operational capability while transforming it into a modernized, highly capable and sustainable system. SAIC will operate, maintain and modernize the Falconer weapon system with comprehensive engineering and technical innovation, including cloud assessment, planning and migration services.

About SAIC

SAIC^® is a premier Fortune 500® technology integrator driving our nation’s technology transformation. Our robust portfolio of offerings across the defense, space, civilian and intelligence markets includes secure high-end solutions in engineering, digital, artificial intelligence and mission solutions. Using our expertise and understanding of existing and emerging technologies, we integrate the best components from our own portfolio and our partner ecosystem to deliver innovative, effective and efficient solutions that are critical to achieving our customers' missions.

We are approximately 26,000 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 Reston, Virginia, SAIC has annual revenues of approximately $7.4 billion.​​​​ For more information, visit saic.com. For ongoing news, please visit our newsroom.

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.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220817005014/en/

Thais Hanson

703.676.8215 | publicrelations@saic.com

Source: Science Applications International Corp.

FAQ

What is the value of SAIC's latest contract with the U.S. Air Force?

The latest contract awarded to SAIC by the U.S. Air Force is valued at $319 million.

What does the Falconer Air Operations Center contract entail for SAIC?

The contract involves modernizing operations for planning and conducting air operations, enhancing command and control systems.

Which division is SAIC partnering with on the Falconer program?

SAIC is partnering with Kessel Run for the Falconer Air Operations Center program.

What recent awards has SAIC received related to Joint All-Domain Command and Control?

SAIC has received multiple JADC2 awards, including contracts for the Advanced Battle Management System and Integrated Multi-Domain Command and Control.