SAIC Selected for $150M U.S. Transportation Command Enterprise IT Work

Rhea-AI Summary

Science Applications International Corp. (SAIC) has secured a $150 million contract from the United States Transportation Command (USTRANSCOM) to modernize their IT management systems over five years.

This contract underlines SAIC's expertise in enterprise IT, including cloud migration and cyber security. The project is aimed at enhancing global mobility through advanced IT services and follows the earlier IT Service Management program.

Positive

• Contract value of approximately $150 million over five years.
• Expands SAIC's role within combatant commands.
• Positioned to deliver enhanced IT services and cyber security.

Negative

• None.

Contract to deliver best practices in enterprise IT and accelerate the combatant commands’ journey to the cloud

RESTON, Va.--(BUSINESS WIRE)-- Science Applications International Corp. (NYSE: SAIC) has been selected by the United States Transportation Command (USTRANSCOM) to modernize the organization’s IT management systems, infuse the latest innovations into enterprise IT and introduce IT as-a-service models.

“Our work with customers like United States Central Command and the Air Force’s Cloud One program has positioned SAIC to deliver mission enabling enterprise IT, including top-tier end user satisfaction, fully integrated mission enhancement and cyber security through Zero Trust and cloud migration,” said Michael LaRouche, president of the National Security and Space Sector at SAIC. “We are thrilled to bring our best-in-industry enterprise IT expertise to USTRANSCOM’s critical mission. This work will benefit USTRANSCOM and their delivery of responsive, global mobility at scale.”

The single-award indefinite delivery, indefinite quantity (IDIQ) Managed Information Technology Services (MITS) contract has a value of approximately $150 million over five years. The work falls within SAIC’s Enterprise IT and Secure Cloud growth and technology accelerant (GTA) focus areas and expands the company’s work within the combatant commands.

Under the contract, SAIC will manage almost all enterprise IT services. It is the follow-on contract to the Information Technology Service Management (ITSM) program.

To learn more about SAIC’s work in the Department of Defense, visit www.saic.com/defense.

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/20230105005031/en/

Media:

Thais Hanson

703.676.8215 | thais.c.hanson@saic.com

Source: Science Applications International Corp.

FAQ

What is the value of the new contract won by SAIC?

The new contract won by SAIC is valued at approximately $150 million over five years.

Which organization awarded the contract to SAIC?

The contract was awarded by the United States Transportation Command (USTRANSCOM).

What services will SAIC provide under this contract?

SAIC will manage enterprise IT services, focusing on modernization and cloud migration.

Is this contract a follow-on to a previous contract for SAIC?

Yes, this contract follows the Information Technology Service Management (ITSM) program.

How will this contract impact SAIC's business?

This contract is expected to enhance SAIC's presence in the defense sector and contribute to its growth in enterprise IT services.