STOCK TITAN

U.S. Navy Awards SAIC $120 Million Contract for Tactical Training War Game Support

Rhea-AI Impact
(Neutral)
Rhea-AI Sentiment
(Neutral)
Tags

Science Applications International Corp. (SAIC) has been awarded a $120 million, five-year contract by Naval Supply Systems Command to support the U.S. Navy's Tactical Training Group Pacific (TTGP) fleet training mission. SAIC will provide advanced tactical training to deploying Navy personnel, focusing on improving proficiency in war fighting and joint operations.

The contract encompasses Fleet Synthetic Training (FST), Live-Virtual-Constructive (LVC) war game development and execution, and subject matter expert classroom instruction. SAIC has been supporting Navy tactical training since 1992 and will continue to offer professional technical services for both East and West coast Tactical and Expeditionary Warfare school houses.

Science Applications International Corp. (SAIC) ha ricevuto un contratto di 120 milioni di dollari della durata di cinque anni dalla Naval Supply Systems Command per supportare la missione di formazione della flotta del Gruppo di Addestramento Tattico del Pacifico della Marina degli Stati Uniti (TTGP). SAIC fornirà addestramento tattico avanzato al personale della Marina in fase di dispiegamento, concentrandosi sul miglioramento della competenza nelle operazioni di combattimento e joint operations.

Il contratto comprende la Formazione Sintetica della Flotta (FST), lo sviluppo e l'esecuzione di giochi di guerra Live-Virtual-Constructive (LVC), e l'istruzione in aula da parte di esperti del settore. SAIC supporta la formazione tattica della Marina dal 1992 e continuerà a offrire servizi tecnici professionali sia per le scuole di guerra tattica che per quelle di guerra espeditionaria della costa est e ovest.

Science Applications International Corp. (SAIC) ha sido adjudicada un contrato de 120 millones de dólares por cinco años por la Naval Supply Systems Command para apoyar la misión de entrenamiento de flota del Grupo de Entrenamiento Táctico del Pacífico de la Marina de los EE. UU. (TTGP). SAIC proporcionará entrenamiento táctico avanzado al personal de la Marina en proceso de despliegue, concentrándose en mejorar la competencia en la guerra y operaciones conjuntas.

El contrato abarca la Formación Sintética de Flota (FST), el desarrollo y la ejecución de juegos de guerra Live-Virtual-Constructive (LVC), y la instrucción en el aula por expertos en la materia. SAIC ha estado apoyando el entrenamiento táctico de la Marina desde 1992 y continuará ofreciendo servicios técnicos profesionales tanto para las escuelas de Guerra Táctica como para las de Guerra de Expedición en la costa este y oeste.

Science Applications International Corp. (SAIC)는 미 해군 전술 훈련 그룹 태평양(TTGP) 함대 훈련 임무를 지원하기 위해 해군 공급 시스템 사령부로부터 1억 2천만 달러, 5년 계약을 체결했습니다. SAIC는 배치되는 해군 인원에게 고급 전술 훈련을 제공하여 전투 및 연합 작전의 숙련도를 향상시키는 데 중점을 둘 것입니다.

이 계약에는 함대 합성 훈련(FST), 라이브-가상-구성 전쟁 게임 개발 및 실행, 주제 전문가 강의가 포함됩니다. SAIC는 1992년 이후 해군 전술 훈련을 지원해 왔으며, 동부 및 서부 해안의 전술 및 원정 전쟁 학교에 대해 전문 기술 서비스를 계속 제공할 것입니다.

Science Applications International Corp. (SAIC) a obtenu un contrat de 120 millions de dollars d'une durée de cinq ans de la part du Naval Supply Systems Command pour soutenir la mission de formation de la flotte du Tactical Training Group Pacific (TTGP) de la Marine américaine. SAIC fournira une formation tactique avancée au personnel de la marine en cours de déploiement, en mettant l'accent sur l'amélioration des compétences en combat et des opérations conjointes.

Le contrat couvre la formation synthétique de flotte (FST), le développement et l'exécution de jeux de guerre Live-Virtual-Constructive (LVC), ainsi que l'instruction en classe par des experts. SAIC soutient la formation tactique de la marine depuis 1992 et continuera d'offrir des services techniques professionnels pour les écoles de guerre tactique et d'expédition sur les côtes Est et Ouest.

Die Science Applications International Corp. (SAIC) hat einen Vertrag über 120 Millionen Dollar mit einer Laufzeit von fünf Jahren von der Naval Supply Systems Command erhalten, um die Ausbildungsmission der U.S. Navy's Tactical Training Group Pacific (TTGP) zu unterstützen. SAIC wird fortgeschrittene taktische Schulungen für die sich im Einsatz befindlichen Marinestreitkräfte bereitstellen und dabei den Schwerpunkt auf die Verbesserung der Fähigkeiten im Kampf und in gemeinsamen Operationen legen.

Der Vertrag umfasst die Flotte synthetisches Training (FST), die Entwicklung und Ausführung von Live-Virtual-Constructive (LVC) Kriegsspielen sowie den Unterricht im Klassenzimmer durch Fachleute. SAIC unterstützt die taktische Ausbildung der Marine seit 1992 und wird weiterhin professionelle technische Dienstleistungen sowohl für die Schulen für Taktik als auch für Expeditionskriegführung an der Ost- und Westküste anbieten.

Positive
  • Secured a $120 million contract with the U.S. Navy
  • Five-year contract duration provides stable revenue stream
  • Continuation of long-standing relationship with the Navy since 1992
  • Expansion of services to include both East and West coast training facilities
Negative
  • None.

Insights

The $120 million contract awarded to SAIC by the U.S. Navy is a significant win for the company. This $24 million per year deal over five years provides a stable revenue stream, enhancing SAIC's financial outlook. With annual revenues of $7.4 billion, this contract represents about 1.6% of SAIC's yearly income, a modest but meaningful contribution. The cost-plus fixed-fee structure suggests a guaranteed profit margin, albeit likely modest. This contract renewal demonstrates SAIC's strong positioning in the defense sector and its ability to retain key clients, which should positively impact investor confidence.

This contract renewal highlights SAIC's entrenched position in naval training systems, a critical area as the U.S. military focuses on readiness and modernization. The company's long-standing relationship with the Navy since 1992 showcases its reliability and expertise in this niche. The inclusion of advanced technologies like Fleet Synthetic Training (FST) and Live-Virtual-Constructive (LVC) war games indicates SAIC's alignment with the military's push towards more sophisticated, cost-effective training methods. This positions SAIC well for future contracts in an era of increasing defense budgets and emphasis on technological superiority.

SAIC's role in providing advanced tactical training using government-furnished systems demonstrates its adaptability and integration capabilities. The company's involvement in both synthetic and live training scenarios, as well as classroom instruction, showcases its comprehensive approach to military education. This multifaceted expertise is important as the defense sector increasingly relies on integrated, high-tech solutions. SAIC's ability to create scenarios, develop training plans and adapt to evolving requirements positions it as a valuable partner in the ongoing digital transformation of military training, potentially opening doors to more lucrative contracts in the future.

Company will provide training to support Navy fleet readiness

RESTON, Va.--(BUSINESS WIRE)-- Science Applications International Corp. (NASDAQ: SAIC) has been awarded a $120 million, five-year, cost-plus fixed-fee contract by Naval Supply Systems Command (NAVSUP) to continue the support of Tactical Training Group Pacific’s (TTGP) fleet training mission.

"This contract reinforces SAIC’s reputation for providing the mission-critical training to the U.S. Navy since 1992," said Barbara Supplee, executive vice president, Navy Business Group at SAIC. "We are fully committed to delivering excellence in every aspect of the support we provide to ensure that the Navy's training needs are reliably and efficiently met."

The contract supports TTGP, Expeditionary Warfare Training Group Pacific, Carrier Strike Group 15 and Tactical Training Group Pacific, Yokosuka (TTGPDY) in their mission to provide advanced tactical training to deploying Navy personnel to improve their proficiency in war fighting and joint operations.

SAIC will continue to provide required professional technical services for Fleet Synthetic Training (FST) and Live-Virtual-Constructive (LVC) war game development and execution, along with subject matter expert classroom instruction in warfighting doctrine and Tactics, Techniques and Procedures (TTP) utilizing government furnished training systems and facilities, both at sea and on land.

To date, SAIC has provided Navy tactical course and fleet training requirement support under contracts spanning both the East and West coast Tactical and Expeditionary Warfare school houses. SAIC’s scenario creation, training plans and instructor development programs provide efficient solutions to evolving TTGP requirements while offering the lowest transition risk to meet this complex mission.

To learn more about SAIC’s support of Navy fleet readiness, visit SAIC.com.

About SAIC

SAIC® is a premier Fortune 500® technology integrator focused on advancing the power of technology and innovation to serve and protect our world. Our robust portfolio of offerings across the defense, space, civilian and intelligence markets includes secure high-end solutions in mission IT, enterprise IT, engineering services and professional services. We integrate emerging technology, rapidly and securely, into mission critical operations that modernize and enable critical national imperatives.

We are approximately 24,000 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.

Gregory Hicks

619.961.0075 | Gregory.L.Hicks@saic.com

Source: Science Applications International Corp.

FAQ

What is the value and duration of SAIC's new contract with the U.S. Navy?

SAIC has been awarded a $120 million, five-year contract by Naval Supply Systems Command to support the U.S. Navy's Tactical Training Group Pacific (TTGP) fleet training mission.

What services will SAIC provide under the new Navy contract?

SAIC will provide advanced tactical training, Fleet Synthetic Training (FST), Live-Virtual-Constructive (LVC) war game development and execution, and subject matter expert classroom instruction in warfighting doctrine and Tactics, Techniques and Procedures (TTP).

How long has SAIC been supporting Navy tactical training?

SAIC has been supporting Navy tactical training since 1992, providing course and fleet training requirement support for both East and West coast Tactical and Expeditionary Warfare school houses.

What is SAIC's annual revenue and employee count?

SAIC has annual revenues of approximately $7.4 billion and employs around 24,000 people.

Science Applications International Corporation

NASDAQ:SAIC

SAIC Rankings

SAIC Latest News

SAIC Stock Data

5.41B
48.40M
0.96%
77.37%
1.9%
Information Technology Services
Services-computer Integrated Systems Design
Link
United States of America
RESTON