U.S. Air Force Selects SAIC for $99 Million Weapons Simulation Technology Contract

Rhea-AI Summary

Science Applications International Corp. (SAIC) has secured a $99 million contract from the U.S. Air Force for the WESTAR program to enhance weapon system development. This five-year contract focuses on multi-spectral and multi-modal modeling capabilities, crucial for advancing munitions technology. Since 2000, SAIC has been collaborating with the Air Force Research Laboratory in this domain. The initiative aligns with the Air Force's AF Vision 2030 strategy, emphasizing innovative approaches to complex weapon systems.

Positive

• Awarded $99 million contract to support weapon system development with U.S. Air Force.
• Long-term partnership with the U.S. Air Force Research Laboratory since 2000 enhances credibility.
• Focus on advanced modeling capabilities aligns with future defense initiatives.

Negative

• None.

Company will continue work developing simulation technology to help the U.S. Air Force assess high-end, next-generation weapon system concepts

RESTON, Va.--(BUSINESS WIRE)-- Science Applications International Corp. (NYSE: SAIC) was awarded a contract valued at $99 million by the U.S. Air Force. The Weapon Engagement Simulation Technology for Advanced Research (WESTAR) program, within the Air Force Research Laboratory, will continue developing modeling capabilities to assist in the research, development and transition of Air Force weapon systems.

Under the five-year, single-award indefinite-delivery/indefinite-quantity contract, SAIC will help the U.S. Air Force Research Laboratory develop multi-spectral and multi-modal phenomenology modeling capabilities, advance the state-of-the-art of software/hardware-in-the-loop test technology, and perform a critical role in the research, development and transition of Air Force munitions. Use of simulation at all levels of munition development will serve as a key component of this research.

“SAIC has partnered with the Air Force Research Laboratory since 2000 to support next-generation weapon system development, and we are pleased that our past success positioned us as a valuable partner for the WESTAR program,” said Michael LaRouche, president of SAIC’s National Security and Space Sector. “Our domain experience and innovative approach is helping the U.S. Air Force develop technology for test and evaluation of complex weapon systems that will deter and defeat future threats.”

The contract calls on SAIC to provide a cohesive research strategy to conduct basic, applied and advanced technology demonstration that furthers the Air Force science and technology strategy known as AF Vision 2030.

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.

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/20211209005051/en/

Media:

Brad Bass

240.418.0168 | publicrelations@saic.com

Source: Science Applications International Corp.

FAQ

What is the value of the new contract awarded to SAIC by the U.S. Air Force?

The new contract awarded to SAIC by the U.S. Air Force is valued at $99 million.

How long is the contract awarded to SAIC for the WESTAR program?

The contract awarded to SAIC for the WESTAR program is a five-year agreement.

What role will SAIC play in the WESTAR program?

SAIC will develop multi-spectral and multi-modal phenomenology modeling capabilities for the WESTAR program.

Since when has SAIC been collaborating with the U.S. Air Force Research Laboratory?

SAIC has been collaborating with the U.S. Air Force Research Laboratory since 2000.