SAIC Wins Prime Spots on $812 Million-Worth of National Security and Intelligence Contracts

RESTON, Va.--()--Science Applications International Corp. (NYSE: SAIC) was awarded $812 million in contracts to support various U.S. government national security and intelligence activities during late July. SAIC will provide services and solutions to customers with requirements for highly-specialized technical and operational expertise in technology integration, engineering, and IT modernization.

“SAIC is offering industry-leading, innovative services and solutions to customers, and these awards reflect the value SAIC is bringing to the community and the trust customers have in SAIC,” said Michael LaRouche, executive vice president and general manager of SAIC’s National Security Customer Group. “The SAIC team is privileged to partner with the national intelligence community on high-consequence missions that are truly making a difference in the world.”

These contract awards come just six months after SAIC’s completed acquisition of Engility as part of a broader company strategy to expand its intelligence community portfolio.

“Following the successfully integration of Engility, we have quickly realized our many strengths as a combined organization and together, we are delivering critical solutions on missions of national importance,” said Josh Jackson, executive vice president and general manager of the Solutions & Technology Group. “Our solutions, services, and technologies leverage repeatable methodologies, process rigor, automation, and mission expertise. We are dedicated to continuously evolve our technologies to bring the best and most valuable solutions to our customers.”

SAIC’s growing portfolio continues to attract and retain the most talented individuals in the government services industry and is the career destination of choice for many who choose to serve the nation and build careers. Learn more about our current positions.

About SAIC

SAIC® is a premier technology integrator solving our nation’s most complex modernization and readiness challenges. Our robust portfolio of offerings across the defense, space, civilian, and intelligence markets includes high-end solutions in engineering, IT, 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.

We are 23,000 strong; driven by mission, united by purpose, and inspired by opportunities. Headquartered in Reston, Virginia, SAIC has pro forma annual revenues of approximately $6.5 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.

Contacts

SAIC Media Contact:
Lauren Presti
703-676-8982
lauren.a.presti@saic.com

Contacts

SAIC Media Contact:
Lauren Presti
703-676-8982
lauren.a.presti@saic.com