Click for more Stock Information

SAIC Awarded $165 Million IT Contract by Virginia

Company selected by the Virginia Information Technologies Agency (VITA) to modernize the state’s technology infrastructure

Category:

Thursday, September 21, 2017 4:15 pm EDT

Dateline:

RESTON, Va.

Public Company Information:

NYSE:
SAIC
"We are committed to Virginia’s mission to successfully oversee the proper governance of taxpayer dollars while still offering a marketplace of choices, with responsive service delivery."

RESTON, Va.--(BUSINESS WIRE)--Science Applications International Corp. (NYSE: SAIC) has been awarded a $165 million contract by the Commonwealth of Virginia to serve as a multisourcing service integrator (MSI). Under the contract, SAIC will provide an innovative approach to assist the Virginia Information Technologies Agency (VITA) with modernizing the state’s technology infrastructure.

“Delivering a modern, responsive technology solution to VITA is our top priority. SAIC is proud to work with VITA to serve as its new MSI provider to help the state implement a marketplace of consolidated IT services and solutions to ensure security and oversight of major IT projects, and the procurement of technology-related goods and services,” said Bob Genter, SAIC senior vice president of the Federal Civilian Customer Group. “We are committed to Virginia’s mission to successfully oversee the proper governance of taxpayer dollars while still offering a marketplace of choices, with responsive service delivery.”

The single-award contract has a five-year base period of performance, two, two-year options, and a potential value of $272 million, if all options are exercised.

VITA is the commonwealth's consolidated technology services and solutions provider responsible for the operation of the state's technology infrastructure, governance, security, oversight of major IT projects, and procurement of technology-related goods and services on behalf of state and local governments.

Under the contract, SAIC will coordinate and monitor multiple IT infrastructure services suppliers for state executive branch agencies. The MSI is the cornerstone of a strategy that will diversify the state’s portfolio of suppliers, improve service delivery quality, ensure cost-competitiveness, and provide transparency and accountability into the commonwealth’s service delivery platform.

About SAIC

SAIC is a premier technology integrator providing full life cycle services and solutions in the technical, engineering, intelligence, and enterprise information technology markets. SAIC is Redefining Ingenuity through its deep customer and domain knowledge to enable the delivery of systems engineering and integration offerings for large, complex projects. SAIC’s approximately 15,000 employees are driven by integrity and mission focus to serve customers in the U.S. federal government. Headquartered in Reston, Virginia, SAIC has annual revenues of approximately $4.5 billion. For more information, visit saic.com.

Certain statements in this announcement constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements involve risks and uncertainties and a number of factors could cause our actual results, performance, achievements, or industry results to be very different from the results, performance, or achievements expressed or implied by such forward-looking statements. Some of these factors include, but are not limited to, the risk factors set forth in SAIC's Annual Report on Form 10-K and other such filings that SAIC makes with the SEC from time to time, which may be viewed or obtained through the Investor Relations section of our web site at  www.saic.com . Due to such uncertainties and risks, readers are cautioned not to place undue reliance on such forward-looking statements, which speak only as of the date hereof.

Contact:

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