SAIC Named a Company to Watch in Frost & Sullivan Joint All Domain Command and Control Report

Rhea-AI Summary

SAIC has been recognized by Frost & Sullivan as a Company to Watch for its contributions to the Department of Defense's JADC2 strategy. The company has secured over $500 million in related contract awards in 2022. Experts from SAIC are noted for their advanced capabilities in network virtualization, software integration, and cloud operations. Their role involves transforming legacy systems for enhanced decision-making efficiency.

Positive

• Recognized as a leading partner in the JADC2 initiative.
• Secured over $500 million in JADC2-related contract awards in 2022.
• Acknowledged for expertise in AI, digital engineering, and technology integration.

Negative

• None.

Company recognized for its advanced capabilities that support Department of Defense JADC2 strategy

RESTON, Va.--(BUSINESS WIRE)-- Science Applications International Corp. (NYSE: SAIC) has been recognized by Frost & Sullivan as a company to watch, supporting Department of Defense (DoD) Joint All-Domain Command and Control (JADC2).

“For JADC2 to succeed, the Department of Defense needs experts in advanced capabilities in network virtualization, optimized delivery, software integration, cloud operations and cyber defense. That, and an unparalleled understanding of the challenge, is exactly what we bring to the table,” said Michael LaRouche, president, National Security and Space sector at SAIC. “This recognition demonstrates SAIC’s role as a transformation agent in JADC2 as we continue to contribute to the success of our nation’s warfighters.”

SAIC has become a leading partner for JADC2. SAIC’s expertise in IT modernization, space, digital engineering and Cloud One enables the company to support core areas of JADC2 and to partner with the government to transform legacy command and control systems into a modern hybrid cloud environment to accelerate decision making and increase mission success.

“SAIC is one of only three companies Frost & Sullivan named as a JADC2 Company To Watch,” said Brad Curran, aerospace and defense principal analyst at Frost & Sullivan. “SAIC received recognition as best in class around Artificial Intelligence and digital engineering innovations, its deep DoD mission understanding and its commercial technology integration capabilities, all of which are required for leading a multi-domain program like JADC2.”

In 2022, SAIC has received more than $500 million in JADC2-related contract awards, including being named in the Advanced Battle Management System (ABMS) Digital Infrastructure Consortium and as lead contractor for the Falconer Air Operations Center (AOC) Weapon System Sustainment work.

To learn more about SAIC’s work for JADC2, visit www.saic.com/jadc2.

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/20221201005013/en/

Media:

Thais Hanson

703.676.8215 | thais.c.hanson@saic.com

Source: Science Applications International Corp.

FAQ

What recognition did SAIC receive related to JADC2?

SAIC was recognized by Frost & Sullivan as a Company to Watch for its support of the Department of Defense's Joint All-Domain Command and Control (JADC2) strategy.

How much revenue has SAIC generated from JADC2 contracts in 2022?

In 2022, SAIC received over $500 million in contracts related to JADC2.

What advanced capabilities does SAIC provide for the JADC2 initiative?

SAIC provides advanced capabilities in network virtualization, software integration, cloud operations, and cyber defense to support the JADC2 initiative.

What role does SAIC play in the transformation of legacy systems?

SAIC is involved in transforming legacy command and control systems into a modern hybrid cloud environment to enhance decision-making.

How many companies were recognized by Frost & Sullivan for JADC2?

Only three companies, including SAIC, were named by Frost & Sullivan as a JADC2 Company to Watch.