SAIC Awarded $410 Million in Space and Intelligence Community Contracts in Fiscal Year 2022 Fourth Quarter

Rhea-AI Summary

Science Applications International Corp. (SAIC) secured $410 million in contract awards for Q4 FY 2022, totaling $2 billion for the fiscal year. The awards primarily focus on digital and systems engineering and data analytics, showcasing SAIC's commitment to innovative solutions in the National Security and Space sector. With annual revenues around $7.1 billion, SAIC continues to emphasize integrated solutions driven by advanced technologies to meet customer needs.

Positive

• Secured $410 million in Q4 FY 2022 contract awards, totaling $2 billion for the fiscal year.
• Growth in the National Security and Space sector, reflecting successful investment in innovative solutions.
• Revenues approximate $7.1 billion, indicating strong market presence.

Negative

• None.

RESTON, Va.--(BUSINESS WIRE)-- Science Applications International Corp. (NYSE: SAIC) received $410 million in contract awards from space and intelligence community organizations for the fourth quarter of fiscal year 2022, bringing the full fiscal year contract awards to $2 billion. The fourth quarter awards are predominantly programs that leverage digital and systems engineering, as well as data analytics, and reflect SAIC’s successful investment in meaningful, transformational solutions.

“The stellar growth we have seen in the National Security and Space sector this year is attributable to steady, bold and relentless pursuit of a vision,” said Michael LaRouche, president of SAIC’s National Security and Space Sector. “This team knows their customer mission, the technology landscape and how to accelerate through innovation. I continue to be humbled by the dedication of our employees and the trust our customers place in us to deliver.”

SAIC delivers integrated solutions and systems through mission understanding and transformative technology. Digital engineering, IT modernization and artificial intelligence are core innovation areas within SAIC and are key to advancing our customers’ missions. For more information, visit www.saic.com/space and www.saic.com/ic.

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 more than 26,500 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 $7.1 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/20220209005071/en/

Media:

Brad Bass

240.418.0168 | publicrelations@saic.com

Source: Science Applications International Corp.

FAQ

What were SAIC's total contract awards for FY 2022?

SAIC's total contract awards for FY 2022 reached $2 billion.

What significant contract awards did SAIC secure in Q4 FY 2022?

SAIC secured $410 million in contract awards in Q4 FY 2022.

How does SAIC's growth in the National Security and Space sector impact its future?

SAIC's growth in the National Security and Space sector indicates strong potential for future contract acquisitions and revenue growth.

What are the core innovation areas for SAIC?

SAIC focuses on digital engineering, IT modernization, and artificial intelligence as core innovation areas.