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U.S. Navy Awards SAIC Three Contracts for Engineering Services

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Science Applications International Corp. (NASDAQ: SAIC) has been awarded three contracts worth $58.2M to support the U.S. Navy's Airborne Electronic Attack (AEA) programs. The contracts cover the JATO Program, International Program, and EA-18G Program. SAIC will provide technical services including jammer technique development, test and evaluation engineering, and threat analysis for the JATO contract. For the International contract, SAIC will maintain AEA simulations and support Foreign Military Sales. The EA-18G contract involves engineering services for both U.S. Navy and FMS configurations. These contracts demonstrate SAIC's commitment to delivering mission-critical solutions to the Naval Air Warfare Center Weapons Division at Point Mugu, California.

Science Applications International Corp. (NASDAQ: SAIC) ha ottenuto tre contratti del valore di 58,2 milioni di dollari per supportare i programmi di Attacco Elettronico Aereo (AEA) della Marina degli Stati Uniti. I contratti riguardano il Programma JATO, il Programma Internazionale e il Programma EA-18G. SAIC fornirà servizi tecnici che includono sviluppo di tecniche di disturbo, ingegneria di test e valutazione, e analisi delle minacce per il contratto JATO. Per il contratto internazionale, SAIC manterrà le simulazioni AEA e supporterà le Vendite Militari Esterne. Il contratto EA-18G prevede servizi di ingegneria per le configurazioni sia della Marina degli Stati Uniti che delle FMS. Questi contratti dimostrano l’impegno di SAIC nel fornire soluzioni critiche per le missioni al Naval Air Warfare Center Weapons Division a Point Mugu, California.

Science Applications International Corp. (NASDAQ: SAIC) ha recibido tres contratos por un valor de 58,2 millones de dólares para apoyar los programas de Ataque Electrónico Aéreo (AEA) de la Marina de los EE. UU. Los contratos abarcan el Programa JATO, Programa Internacional y Programa EA-18G. SAIC proporcionará servicios técnicos que incluyen desarrollo de técnicas de interferencia, ingeniería de pruebas y evaluación, y análisis de amenazas para el contrato JATO. Para el contrato internacional, SAIC mantendrá las simulaciones AEA y apoyará las Ventas Militares Exteriores. El contrato EA-18G implica servicios de ingeniería para configuraciones tanto de la Marina de los EE. UU. como de FMS. Estos contratos demuestran el compromiso de SAIC de ofrecer soluciones críticas para la misión al Naval Air Warfare Center Weapons Division en Point Mugu, California.

Science Applications International Corp. (NASDAQ: SAIC)는 미국 해군의 공중 전자 공격(AEA) 프로그램을 지원하기 위해 5820만 달러 상당의 세 가지 계약을 체결했습니다. 계약은 JATO 프로그램, 국제 프로그램 및 EA-18G 프로그램에 관한 것입니다. SAIC는 JATO 계약에 대해 재밍 기술 개발, 시험 및 평가 엔지니어링, 위협 분석을 포함한 기술 서비스를 제공합니다. 국제 계약의 경우, SAIC는 AEA 시뮬레이션을 유지하고 외국 군사 판매를 지원할 것입니다. EA-18G 계약은 미국 해군 및 외국 군사 판매(FMS) 구성을 위한 엔지니어링 서비스를 포함합니다. 이러한 계약은 SAIC가 캘리포니아 포인트 무구에 있는 Naval Air Warfare Center Weapons Division에 미션 중대한 솔루션을 제공하기 위한 헌신을 보여줍니다.

Science Applications International Corp. (NASDAQ: SAIC) a obtenu trois contrats d'une valeur de 58,2 millions de dollars pour soutenir les programmes d'attaque électronique aéroportée (AEA) de la Marine américaine. Les contrats concernent le programme JATO, le programme international et le programme EA-18G. SAIC fournira des services techniques comprenant le développement de techniques de brouillage, l'ingénierie d'essai et d'évaluation, et l'analyse des menaces pour le contrat JATO. Pour le contrat international, SAIC maintiendra les simulations AEA et soutiendra les ventes militaires étrangères. Le contrat EA-18G implique des services d'ingénierie pour les configurations à la fois de la Marine américaine et des ventes militaires étrangères (FMS). Ces contrats démontrent l'engagement de SAIC à fournir des solutions critiques pour les missions au Naval Air Warfare Center Weapons Division à Point Mugu, Californie.

Science Applications International Corp. (NASDAQ: SAIC) hat drei Verträge im Wert von 58,2 Millionen Dollar erhalten, um die Programme für airborne elektronische Angriffe (AEA) der US Navy zu unterstützen. Die Verträge betreffen das JATO-Programm, das Internationale Programm und das EA-18G-Programm. SAIC wird technische Dienstleistungen anbieten, die Entwicklung von Jamming-Techniken, Test- und Bewertungsingenieurwesen sowie Bedrohungsanalyse für den JATO-Vertrag umfassen. Für den internationalen Vertrag wird SAIC AEA-Simulationen aufrechterhalten und den Auslandsverkauf unterstützen. Der EA-18G-Vertrag umfasst Ingenieurdienstleistungen sowohl für die Konfigurationen der US Navy als auch für FMS. Diese Verträge demonstrieren das Engagement von SAIC, mission-kritische Lösungen für das Naval Air Warfare Center Weapons Division in Point Mugu, Kalifornien, bereitzustellen.

Positive
  • Secured three contracts worth $58.2M with the U.S. Navy
  • Expanded services in Airborne Electronic Attack programs
  • Strengthened position in Electronic Warfare systems optimization
  • Enhanced support for Foreign Military Sales in Electronic Attack products
Negative
  • None.

Insights

The $58.2M contracts awarded to SAIC for supporting the U.S. Navy's electronic warfare programs are a significant win for the company. These contracts highlight SAIC's strong position in the defense technology sector, particularly in electronic warfare and jamming systems. The focus on optimizing jamming techniques and enhancing the effectiveness of EW platforms underscores the increasing importance of electronic warfare in modern military operations.

The contracts' scope, covering technique development, testing and international support, suggests a long-term engagement that could lead to further opportunities in this critical defense area. For investors, this represents a stable revenue stream and potential for growth as electronic warfare capabilities continue to be a priority for the U.S. military and its allies. The international aspect of the contracts also opens doors for expanded foreign military sales, which could be a significant growth driver for SAIC in the coming years.

The $58.2M contract value is a positive development for SAIC, bolstering its order backlog and providing revenue visibility. While the exact impact on SAIC's financials isn't specified, these contracts likely contribute to a steady revenue stream over their duration. Given SAIC's $7.7B revenue in FY2023, this set of contracts represents a small but meaningful addition to their defense sector portfolio.

Investors should note the potential for margin expansion in these specialized services, as electronic warfare expertise typically commands premium rates. The international component of the contracts also presents opportunities for cross-selling and upselling additional services to foreign military customers. This diversification of revenue sources across domestic and international markets could help mitigate risks associated with potential fluctuations in U.S. defense spending.

These contracts reflect the U.S. Navy's ongoing commitment to maintaining technological superiority in electronic warfare, important for modern naval operations. The focus on the EA-18G Growler, a key electronic attack aircraft, indicates the continued relevance of airborne electronic attack capabilities in the military's strategic planning.

The emphasis on interoperability testing and threat analysis suggests a proactive approach to addressing evolving electronic threats. This is particularly important given the rapid advancements in adversary capabilities. The international program support also highlights the growing importance of allied cooperation in electronic warfare, potentially leading to more standardized and effective multinational operations. For SAIC, this positions the company as a key player in shaping future electronic warfare strategies, both domestically and internationally.

Contracts to support work at Naval Air Warfare Center Weapons Division, Point Mugu, Calif.

RESTON, Va.--(BUSINESS WIRE)-- Science Applications International Corp. (NASDAQ: SAIC) has been awarded three contracts worth $58.2M to support the Airborne Electronic Attack (AEA) Integrated Product Team (IPT) Jammer Technique Optimization (JATO) Program, the International Program, and the AEA IPT EA-18G Program.

“These three contracts are a testament to SAIC’s reputation of delivering mission-critical solutions and dedicated support to the Naval Air Warfare Center Weapons Division, Point Mugu,” said Barbara Supplee, executive vice president, Navy Business Group at SAIC. “This work goes beyond technical services. We are contributing to the sustainment of engineering services as well as airborne jammer optimization and effectiveness data collection and reporting for the Navy.”

Under the JATO contract, SAIC will deliver a wide range of technical services including jammer technique development, test and evaluation engineering, interoperability testing and analysis, threat analysis, tactics development, mission data development and production and Fleet liaison activities. This work will play a crucial role in optimizing jamming techniques, enhancing the effectiveness of Electronic Warfare (EW) platforms and systems and ensuring the readiness of the EA-18G aircraft and other EW assets.

Under the AEA IPT International contract, SAIC will continue to provide support to the international service project by performing maintenance of existing AEA simulations and development of tools and new simulations. SAIC will also perform the engineering, technical and policy support services for the international program teams, supporting Foreign Military Sales (FMS), Cooperative Development and other relationship programs for the Electronic Attack (EA) and Electronic Warfare products.

Additional support to AEA IPT includes engineering services for the development and sustainment efforts of both the United States Navy (USN) and Foreign Military Sales (FMS) configurations of the EA-18G. Engineering services will include cooperative and collaborative engineering support to other laboratories and will include general management, engineering support, product support and systems engineering, integration, and test for the EA-18G team.

To learn more, 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.

Media Contact:

Gregory Hicks

619.961.0075 | Gregory.L.Hicks@saic.com

Source: Science Applications International Corp.

FAQ

What is the total value of the three contracts awarded to SAIC (NASDAQ: SAIC) by the U.S. Navy?

The total value of the three contracts awarded to SAIC by the U.S. Navy is $58.2 million.

What specific programs will SAIC support under these new contracts?

SAIC will support the Jammer Technique Optimization (JATO) Program, the International Program, and the AEA IPT EA-18G Program for the U.S. Navy's Airborne Electronic Attack (AEA) Integrated Product Team.

What services will SAIC provide for the JATO contract?

For the JATO contract, SAIC will provide technical services including jammer technique development, test and evaluation engineering, interoperability testing, threat analysis, tactics development, and mission data development.

How will SAIC support the International Program contract?

SAIC will maintain existing AEA simulations, develop new tools and simulations, and provide engineering, technical, and policy support for international program teams, supporting Foreign Military Sales and other international relationships.

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