SAIC Selected for $889M Contract to Integrate IT Services for Defense Counterintelligence and Security Agency

Rhea-AI Summary

Science Applications International Corp. (SAIC) has secured an $889 million contract from the Federal Systems Integration and Management Center (FEDSIM) to support the Defense Counterintelligence and Security Agency (DCSA) in its One IT modernization initiative. This contract aims to transform DCSA’s IT infrastructure by enhancing efficiency and security.

SAIC, as the prime contractor, will provide comprehensive IT services, including cloud readiness, cybersecurity, and application development. The project includes one base year and four optional extensions, reflecting a significant commitment to advancing DCSA's IT capabilities.

Positive

• Awarded an $889 million contract for IT modernization.
• Project reinforces SAIC's position as a key IT service provider for government agencies.
• Opportunity to showcase expertise in cloud architecture and cybersecurity.

Negative

• None.

Company will provide enterprise-wide IT services to transform DCSA-centralized IT solutions

RESTON, Va.--(BUSINESS WIRE)-- Science Applications International Corp. (NYSE: SAIC) has been awarded a $889 million contract by the Federal Systems Integration and Management Center (FEDSIM) in support of Defense Counterintelligence and Security Agency (DCSA) to develop and implement One IT. One IT provides IT modernization to DCSA’s systems.

“As the Defense Counterintelligence and Security Agency transforms security work around the globe, SAIC looks forward to advancing support for user communities,” said Michael LaRouche, president, National Security and Space sector at SAIC. “Our goal is to enhance efficiency and effectiveness of the agency’s One IT infrastructure by leveraging the experience of our proven team of cloud architects, modernization engineers and integration specialists. We are eager to begin work with DCSA on this critical IT modernization program and deliver network availability anytime, anywhere and under any circumstances.”

One IT is an enterprise IT solution that delivers highly secure and adaptable IT infrastructure, customer support, and cutting-edge technologies to create a more collaborative, cohesive, transparent, predictable and measurable organization.

As the prime contractor for One IT, SAIC will support DCSA as it simplifies and standardizes the agency’s IT environment, including cloud readiness. SAIC’s work will include planning and systems architecture development; digital; network, database and storage engineering; service desk support; cybersecurity and IT application development and sustainment.

SAIC will also provide services to help DCSA meet centralized IT solution requirements for the National Industrial Security Programs (NISP) and National Industrial Security Systems (NISS) applications. The award includes one base year and four one-year extension options.

For more information on the SAIC IT solutions, visit https://www.saic.com/what-we-do/mission-support/digital-engineering.

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 25,000 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 $7.7 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/20230425005271/en/

Thais Hanson

703.676.8215 | publicrelations@saic.com

Source: Science Applications International Corp.

FAQ

What is the value of the contract awarded to SAIC by FEDSIM?

SAIC has been awarded an $889 million contract.

What is the purpose of the One IT initiative by DCSA?

The One IT initiative aims to modernize DCSA’s IT infrastructure.

How long is the contract period for the SAIC project with DCSA?

The contract includes one base year and four one-year extension options.

What services will SAIC provide under the One IT contract?

SAIC will provide IT services including cloud readiness, cybersecurity, and application development.

Which agency is SAIC supporting with the new contract?

SAIC is supporting the Defense Counterintelligence and Security Agency (DCSA).