SAIC Wins $126 Million Task Order to Support the U.S. Army
The Department of Defense Information Analysis Center awarded Science Applications International Corp. (SAIC) a $126 million contract for research and development in modeling and simulation for the U.S. Army Combat Capabilities Development Command. This five-year task order will enhance ground combat systems and support Army modernization efforts. SAIC aims to leverage its expertise in digital engineering and modeling to improve operational effectiveness and readiness.
- Awarded a $126 million contract, enhancing revenue prospects.
- Five-year task order indicates long-term business engagement.
- Supports Army modernization efforts, potentially boosting SAIC's reputation and future contracts.
- None.
The Department of Defense Information Analysis Center awarded Science Applications International Corp. (NYSE: SAIC) a
Under the five-year task order, SAIC will provide research and development in a broad range of modeling, simulation, and software-intensive areas, including ground combat systems modeling and simulations, software-in-the-loop systems integration laboratories, and lab-based performance assessments of life cycle systems architectures.
“We are excited to support GVSC in its important role in providing world-class engineering across the acquisition life cycle. The Army’s ground dominance within the Multi Domain Operations construct is critical, and our team’s unique competencies and domain expertise in areas like digital engineering and modeling and simulation will help them sustain that for years to come,” said Bob Genter, SAIC president of the Defense & Civilian Sector. “On behalf of the entire team, we look forward to contributing to Army readiness and modernization.”
The CCDC GVSC develops, integrates and sustains technology solutions and capabilities for DOD crewed and unmanned ground combat and combat support systems to improve current force effectiveness and provide superior capabilities for the future.
SAIC was selected to enhance the command’s engineering life cycle by uniting leading model-based systems engineering and agile digital engineering frameworks with proven research and development expertise, along with deep experience with the application of modeling and simulation and software technologies.
About SAIC
SAIC® is a premier Fortune 500® technology integrator driving our nation’s digital transformation. Our robust portfolio of offerings across the defense, space, civilian, and intelligence markets includes secure high-end solutions in engineering, IT modernization, 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 26,000 strong; driven by mission, united by purpose, and inspired by opportunities. Headquartered in Reston, Virginia, SAIC has annual revenues of approximately
About the DoD IAC Program
The DoD IAC, sponsored by the Defense Technical Information Center, provides technical data management and research support for DoD and federal government users. Established in 1946, the IAC program serves the DoD science & technology (S&T) and acquisition communities to drive innovation and technological developments by enhancing collaboration through integrated scientific and technical information development and dissemination for the DoD and broader S&T community.
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/20210610005067/en/
FAQ
What is the value of SAIC's recent contract with the Department of Defense?
What is the duration of the task order awarded to SAIC?
What will SAIC's contract with the Army focus on?
How does SAIC plan to contribute to Army modernization?
What organization awarded SAIC the contract?
