SAIC Selected for $64 Million IT Managed Services Contract by County of Orange, California

Rhea-AI Summary

Science Applications International Corp. (SAIC) has secured a contract extension with the County of Orange, California, for continuing IT managed services. The extension spans 24 months and is valued at approximately $64 million, with potential one-year options thereafter. SAIC will support various IT operations, including data centers and security. This partnership highlights SAIC's strong performance, as evidenced by positive customer satisfaction surveys over eight years. The county serves about 3 million residents through its 25 departments.

Positive

• Contract extension valued at approximately $64 million for 24 months.
• Demonstrated history of high customer satisfaction over eight years.
• Capacity to support diverse IT operations, enhancing efficiency for the County of Orange.

Negative

• None.

Company providing an array of managed services to help the County of Orange government reduce costs while increasing efficiency

RESTON, Va.--(BUSINESS WIRE)-- Science Applications International Corp. (NYSE: SAIC) today announced that the County of Orange, California awarded the company a contract extension to continue to provide information technology (IT) managed services and solutions to agencies and departments within the county. As part of the contract, SAIC’s services support the county’s data center, desktop, service desk, applications, networks, voice environment and security operations.

“This contract extension is a testament to our success in delivering high-performance IT managed services to the County of Orange in partnership with our customer,” said Bob Genter, president, Defense and Civilian Sector at SAIC. “Our history over the eight-year period includes county customer satisfaction surveys that consistently rate our performance as highly satisfied. We are absolutely committed to helping the county continue to reduce costs, improve operational efficiencies, and improve services to residents.”

The firm-fixed-price contract extension has a base period of performance of 24 months, valued at approximately $64 million, followed by two one-year option periods. SAIC will primarily perform work under this contract in Santa Ana, California.

The County of Orange government consists of 25 departments and respective divisions that provide services to its 3 million residents. The county serves as a regional service provider and planning agency whose core businesses include public safety, public health, environmental protection, regional planning, public assistance, social services and aviation.

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/20220414005085/en/

Media Contact:

Brad Bass

240.418.0168 | publicrelations@saic.com

Source: Science Applications International Corp.

FAQ

What is the value of SAIC's contract extension with the County of Orange?

The contract extension is valued at approximately $64 million.

How long is the contract extension for SAIC with the County of Orange?

The contract extension is for a base period of 24 months, followed by two one-year option periods.

What services will SAIC provide under the new contract?

SAIC will provide IT managed services including support for data centers, networks, security operations, and more.

How does the County of Orange evaluate SAIC's performance?

The County of Orange has consistently rated SAIC's performance as highly satisfied in customer satisfaction surveys.

What does this contract extension mean for SAIC's business?

This contract extension reinforces SAIC's successful delivery of IT services and supports its growth in the public sector.