U.S. Navy Selects SAIC for $556 Million Contract to Provide Support Services for Human Resources Systems

Rhea-AI Summary

Science Applications International Corp. (SAIC) has been awarded a contract to compete for task orders worth up to $556 million for the Technical Services Support (TSS) 2 Contract aimed at modernizing human resources for the Navy. This five-year contract allows SAIC to provide support in 10 core function categories including IT system support and cybersecurity. The work is expected to be completed by October 2026, with a possible extension to April 2027.

Positive

• Awarded a contract worth up to $556 million.
• Continuation of successful work from the previous TSS 1 contract.
• Opportunity to provide services across 10 core functional categories.

Negative

• None.

Company will compete to provide a range of services to support the MyNavy HR Enterprise, improving human resources service delivery to all sailors, their families and future recruits

RESTON, Va.--(BUSINESS WIRE)-- Science Applications International Corp. (NYSE: SAIC) was awarded a contract to compete for task orders worth up to $556 million supporting the Technical Services Support (TSS) 2 Contract for MyNavy HR Enterprise, part of the Navy’s effort to modernize the way it delivers human resources service to sailors, their families and future recruits. The contract represents a continuation of SAIC’s work on the Navy’s previous TSS 1 contract.

Under the five-year, indefinite-delivery/indefinite-quantity contract, SAIC will compete with other selected vendors to provide support services in 10 core function categories: CIO strategic support; data and information management; engineering support; IT system support; network support; information assurance/cybersecurity; enterprise business intelligence/enterprise business analytics; software analysis; hardware maintenance and development; and business process reengineering.

“We are pleased that our track record of success on the first TSS contract made us a partner of choice for the U.S. Navy’s follow-on program, and we are proud to be able to bring our innovation and transformative solutions to serve the Office of the Chief of Naval Operations and subordinate commands,” said Bob Genter, president of SAIC’s Defense and Civilian Sector. “We look forward to helping the Navy to modernize its human resources service delivery through SAIC’s proven innovative enterprise IT engineering support and management.”

The Navy expects to complete work on this cost-plus-fixed-fee contract in October 2026 with an option to extend the ordering period to April 2027.

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/20211116005218/en/

Media Contact:

Brad Bass

240.418.0168 | publicrelations@saic.com

Source: Science Applications International Corp.

FAQ

What is the value of the new SAIC contract related to the Navy's HR services?

The new contract is valued at up to $556 million.

When is the expected completion date for SAIC's work under the new contract?

The work is expected to be completed by October 2026, with an option to extend to April 2027.

What categories of services will SAIC provide under the TSS 2 contract?

SAIC will provide services in areas including IT system support, cybersecurity, and data management.

What does the TSS 2 contract signify for SAIC's relationship with the Navy?

The TSS 2 contract represents a continuation of SAIC's successful partnership with the Navy from the previous TSS 1 contract.