SAIC to Provide $1.5M to Alabama School of Cyber Technology and Engineering

Rhea-AI Summary

Science Applications International Corp. (SAIC) has pledged $1.5 million to the Alabama School of Cyber Technology and Engineering (ASCTE). This investment aims to enhance STEM education and workforce development, supporting the school's initiatives in cyber technology and engineering. ASCTE, located in Huntsville, Alabama, provides free tuition and housing, focusing on hands-on learning experiences. This partnership illustrates the collaborative effort between industry and education to cultivate future leaders in technology.

Positive

• SAIC's commitment of $1.5 million to ASCTE strengthens its position in supporting future workforce development.
• ASCTE's public, residential model offers no-cost education, enhancing accessibility to STEM fields.

Negative

• None.

Commitment supports STEM education and workforce development

RESTON, Va.--(BUSINESS WIRE)-- Science Applications International Corp. (NYSE: SAIC) announced today a $1.5 million commitment to the Alabama School of Cyber Technology and Engineering (ASCTE) towards the school’s mission of educating the cyber technology and engineering workforce of the future. ASCTE is one of Alabama’s leading magnet schools in the fields of science, technology, engineering and math (STEM) education.

“We are eager to invest in future SAIC leaders from Alabama,” said Greg Fortier, vice president of the Army Fires, Aviation and Missile Defense Operation at SAIC. “For more than 50 years, SAIC has been a staunch advocate and supporter of schools like the Alabama School of Cyber Technology and Engineering. Our commitment ensures students have access to programs and tools that will position them to become skilled leaders in the field of science, technology, engineering and math.”

Located in Huntsville, ASCTE is the nation’s only high school specialized in integrating cyber technology and engineering into all of its academic disciplines. ASCTE is a public, residential magnet high school serving students throughout the state of Alabama. Tuition and housing are provided at no cost to students. The school also provides students with hands-on opportunities to connect with professionals in their field of interest.

“This donation and partnership, is an example of how industry, government and academia can work together to invest in our students- and Alabama is leading the way,” said Matt Massey, president of ASCTE. “The support and involvement from partners like SAIC, enable us to provide our students with an immersive academic experience that will help develop the specialized skills to ensure that they are successful in their careers.”

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/20220921005393/en/

Media Contact:

Thais Hanson

703.676.8215 | publicrelations@saic.com

Source: Science Applications International Corp.