SAIC Selected by U.S. General Services Administration for ASTRO Family of Contracts to Provide a Broad Array of IT Support Services

Rhea-AI Summary

Science Applications International Corp. (SAIC) has secured prime contract positions on the GSA ASTRO multiple-award contracts, being one of only six companies to win all ten contracts. This strategic addition enhances SAIC's portfolio accessible to federal government customers, particularly in supporting manned and unmanned systems for defense. The contracts, with a potential duration of ten years, cover various scopes such as data operations, mission operations, and research, with no defined ceiling value.

Positive

• SAIC was awarded all ten contracts in the GSA ASTRO program, positioning it favorably among competitors.
• Contracts provide access to Department of Defense and federal civilian markets, potentially increasing revenue streams.

Negative

• None.

RESTON, Va.--(BUSINESS WIRE)-- Science Applications International Corp. (NYSE: SAIC) was awarded prime contract positions on the General Services Administration (GSA) ASTRO multiple-award, indefinite-delivery, indefinite-quantity family of contracts. Managed by GSA’s Federal Systems Integration and Management Center (FEDSIM) office, SAIC is one of only six companies awarded all 10 contracts. The award of the GSA ASTRO contracts is an innovative and strategic addition to SAIC’s existing portfolio of contract vehicles accessible to customers across the federal government.

Under this potential 10-year, new-business family of contracts, the awards provide contract access for Department of Defense and federal civilian customers to SAIC’s technical expertise and experience in providing a broad array of services to support manned, unmanned and optionally manned systems, robotics and platforms.

GSA ASTRO has no defined ceiling value and is a family of 10 separate contracts, or pools, each representing a different scope of work. The pools include data operations, mission operations, aviation, ground, space, maritime, development/systems integration, research, support and training.

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 pro forma 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/20220104005210/en/

Media:

Brad Bass

240.418.0168 | publicrelations@saic.com

Source: Science Applications International Corp.

FAQ

What significant contract positions did SAIC secure?

SAIC secured all ten prime contract positions on the GSA ASTRO multiple-award contracts.

How long is the potential duration of the GSA contracts awarded to SAIC?

The GSA contracts awarded to SAIC have a potential duration of ten years.

What types of services will SAIC provide under the GSA ASTRO contracts?

SAIC will provide services related to manned, unmanned, and optionally manned systems, including data operations, mission operations, and research.

What markets will SAIC be able to access through the GSA ASTRO contracts?

SAIC will access the Department of Defense and federal civilian markets through the GSA ASTRO contracts.