SAIC Donates $100,000 to Fund Alabama A&M University Scholarship

Rhea-AI Summary

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.

Positive

• SAIC donates $100,000 to support STEM education at Alabama A&M University.
• The scholarship will finance two incoming freshmen in engineering and physical sciences.
• Collaboration with Alabama A&M enhances educational opportunities for students.

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The SAIC STEM Scholarship provides financial support to students pursuing careers in Engineering, Technology and Physical Sciences

RESTON, Va.--(BUSINESS WIRE)-- Science Applications International Corp. (NYSE: SAIC) announced today a $100,000 scholarship donation in partnership with Alabama A&M University. This year’s donation will finance the education of two incoming freshmen pursuing a career in the historically Black university’s College of Engineering, Technology and Physical Sciences in Huntsville, Ala.

“These students are the technology leaders of tomorrow, and we are grateful to have the opportunity to provide support and guidance for them,” said Greg Fortier, vice president of the Army Fires, Aviation and Missile Defense Operation at SAIC. “SAIC partners with reputable universities such as Alabama A&M, who are responsible for helping our future scientists, technologists, engineers and mathematicians reach their full potential and enable STEM transformation critical to our society’s success and well-being.”

This is the first year SAIC has worked alongside Alabama A&M to provide opportunities for passionate and driven students to pursue opportunities through the College of Engineering, Technology and Physical Sciences (CETPS) and the AAMU-RISE Foundation, which facilitates research and development efforts with the school, industry and government partners.

“Our relationship with SAIC has provided opportunities for our students to explore comprehensive, rewarding academic experiences, regardless of their financial circumstances,” said Dr. Zhengtao Deng, interim dean of Alabama A&M’s College of Engineering, Technology and Physical Sciences. “We look forward to augmenting our collaboration to educate and equip future innovators, encouraging the continued success of the school’s programs.”

One of this year’s scholarship recipients, Lebo Mashego, will attend Alabama A&M University beginning in the Fall of 2022. Mashego, who was inspired to apply for the SAIC STEM Scholarship by his sister, an AAMU alumna, plans to study mechanical engineering. Alabama A&M is in the process of selecting a second scholarship recipient.

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/20220811005005/en/

Media Contact:

Thais Hanson

703.676.8215 | thais.c.hanson@saic.com

Source: Science Applications International Corp.

FAQ

What is the purpose of the SAIC STEM Scholarship?

The SAIC STEM Scholarship provides financial support to students pursuing careers in engineering, technology, and physical sciences.

How much is the scholarship donation by SAIC?

SAIC has announced a scholarship donation of $100,000.

Who are the beneficiaries of the SAIC scholarship?

The scholarship will benefit two incoming freshmen at Alabama A&M University.

Which university is partnering with SAIC for the scholarship?

SAIC is partnering with Alabama A&M University for the scholarship program.

What are the fields of study supported by the SAIC scholarship?

The scholarship supports students in the fields of engineering, technology, and physical sciences.