SAIC Sets Company Record by Raising Over $385,000 During Hunger Action Month

Rhea-AI Summary

Science Applications International Corp. (NYSE:SAIC) raised over $385,000 during Hunger Action Month in September, equating to 3.8 million meals for those facing food insecurity in the U.S. Employees contributed more than $205,000 through fundraising activities and donations, marking the highest amount raised in the eight-year partnership with Feeding America. The initiative addresses urgent hunger challenges exacerbated by the COVID-19 pandemic, as 38 million Americans confront food insecurity according to the USDA.

Positive

• Raised over $385,000 for Feeding America, providing 3.8 million meals.
• Employee contributions exceeded $205,000, setting a record for the company.
• Increased employee engagement in community events to combat food insecurity.

Negative

• None.

Company partners with Feeding America® to help provide nearly four million meals* to people in America experiencing food insecurity

RESTON, Va.--(BUSINESS WIRE)-- Science Applications International Corp. (NYSE: SAIC) today announced the company raised more than $385,000 to combat food insecurity in America during Hunger Action Month in September – the equivalent of more than 3.8 million meals for those in need.

Employees of SAIC contributed over $205,000 through a variety of fundraising activities and direct donations, with the remainder of the total amount coming from company contributions. The total represents the most raised by the company in the eight years it has partnered with Feeding America^® to help provide meals to people in need, address food waste, and raise awareness of the issue of hunger.

Throughout the month, SAIC employees hosted and participated in events designed to raise money for Feeding America while increasing awareness of hunger in their local communities. Employees volunteered at local food banks and food pantries, including many that are members of the Feeding America network of 200 food banks and 60,000 food pantries and meal programs. Feeding America’s mission has taken on additional urgency this year due to the COVID-19 pandemic, which has exacerbated hunger in America and around the world. According to the United States Department of Agriculture, 38 million Americans – including nearly 12 million children – face hunger in America.

“Not only did SAIC’s employees set new records for financial contributions, teams of employees across the country donated their time and energy to engage and give back to their communities,” said SAIC CEO Nazzic Keene. “Our employees supported food outreach engagements in Huntsville, San Diego, Orlando, Oklahoma City and Washington, DC, including fundraising virtual events, leadership engagement, and sponsorships for physical activities like biking and running. Food insecurity in America continues to present difficult challenges across the country and has been exacerbated by the pandemic. I am grateful to all of the SAIC employees who went the extra mile to help people in need.”

“Feeding America is grateful to SAIC and its generous employees for their commitment to fighting hunger,” said Casey Marsh, Chief Development Officer at Feeding America. “We are grateful that SAIC helped provide a record-breaking 3.8 million meals to our neighbors in need during the annual Hunger Action Month campaign.”

For more information on SAIC’s support of Feeding America, visit https://www.saic.com/features/citizenship/saic-raises-almost-four-million-meals-feeding-america-2021.

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.

About Feeding America

Feeding America^® is the largest hunger-relief organization in the United States. Through a network of 200 food banks and 60,000 food pantries and meal programs, we provide meals to more than 46 million people each year. Feeding America also supports programs that prevent food waste and improve food security among the people we serve; educates the public about the problem of hunger; and advocates for legislation that protects people from going hungry. Individuals, charities, businesses and government all have a role in ending hunger. Donate. Volunteer. Advocate. Educate. Together we can solve hunger. Visit www.feedingamerica.org, find us on Facebook or follow us on Twitter.

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/20211028005040/en/

Media Contact:

Brad Bass

240.418.0168 | publicrelations@saic.com

Source: Science Applications International Corp.

FAQ

What did SAIC announce during Hunger Action Month 2021?

SAIC announced raising over $385,000 to provide 3.8 million meals to those facing food insecurity.

How much did SAIC employees contribute for food insecurity initiatives?

SAIC employees contributed more than $205,000 through various fundraising activities and donations.

What is the significance of SAIC's partnership with Feeding America?

This partnership has raised record amounts to address hunger, with over 3.8 million meals provided during the latest campaign.

Why is food insecurity a pressing issue in the U.S. according to SAIC?

38 million Americans, including nearly 12 million children, face hunger, a situation worsened by the COVID-19 pandemic.

How long has SAIC been working with Feeding America?

SAIC has partnered with Feeding America for eight years to help combat food insecurity.