SAIC Wins Contract to Support U.S. Navy Networks

Rhea-AI Summary

Science Applications International Corp. (SAIC) has secured a $163 million contract from the U.S. Navy. This contract focuses on providing technical sustainment, engineering, logistics, and modernization support to Naval Enterprise Networks. The work will be conducted for the Naval Information Warfare Center (NIWC) Pacific, ensuring support for all shore-based Navy commands and enhancing operational command and control. SAIC emphasizes its commitment to delivering critical solutions to meet Navy network challenges.

Positive

• Awarded a $163 million contract by the U.S. Navy.
• Support for Naval Enterprise Networks enhances operational efficiency.
• Strengthens SAIC's relationship with the U.S. Navy and NIWC Pacific.

Negative

• None.

Company will provide essential Technical Sustainment, Engineering, Logistics and Modernization Support to Naval Enterprise Networks

RESTON, Va.--(BUSINESS WIRE)-- Science Applications International Corp. (NYSE: SAIC) announced today it has been awarded a $163 million contract by the U.S. Navy to support design, development, integration, modernization, sustainment and life cycle support to shore networks, network components and network service solutions for the Naval Information Warfare Center (NIWC) Pacific Shore Networks Branch located in San Diego, CA.

Under the contract, SAIC will maintain Naval Enterprise Networks for all shore based U.S. Navy commands and personnel critical to the Navy’s day-to-day operations, as well as supporting command and control of U.S. Navy units deployed by operational commanders.

“SAIC is honored to build on our work supporting the U.S. Navy and NIWC Pacific,” said Bob Genter, SAIC President, Defense & Civilian Sector. “We are focused on delivering valuable support and solutions to a range of U.S. Navy network challenges and initiatives.”

NIWC Pacific provides technological and engineering support critical to information warfare for the U.S. Navy, as well as for Marine Corps, Air Force, Army and Coast Guard programs. Systems development and support includes basic research and prototype development through systems engineering, and integration to life cycle support of fielded systems.

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/20220825005039/en/

Media:

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 the U.S. Navy?

The contract awarded to SAIC by the U.S. Navy is valued at $163 million.

What support services will SAIC provide under the U.S. Navy contract?

SAIC will provide technical sustainment, engineering, logistics, and modernization support.

Which branch of the U.S. Navy is SAIC's contract associated with?

SAIC's contract is associated with the Naval Information Warfare Center (NIWC) Pacific.

Where will the services under the SAIC contract be implemented?

The services will be implemented for shore-based U.S. Navy commands located in San Diego, CA.

How does the U.S. Navy contract impact SAIC's business?

The U.S. Navy contract enhances SAIC's operational capabilities and strengthens its relationship with defense clients.