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SAIC Awarded Task Order by the Naval Sea Systems Command

Company to provide technical services and engineering support to the Program Executive Office Integrated Warfare Systems

Category:

Thursday, May 5, 2016 6:30 am EDT

Dateline:

MCLEAN, Va.

Public Company Information:

NYSE:
SAIC

MCLEAN, Va.--(BUSINESS WIRE)--Science Applications International Corp. (NYSE: SAIC) was awarded a task order by the U.S. Navy to provide technical solutions to the Naval Sea Systems Command (NAVSEA) Program Executive Office Integrated Warfare Systems. The task order has a one-year base period of performance, two one-year options, and two one-year award terms. The task order is worth a potential value of approximately $141 million, and work will be performed primarily in Washington, D.C.

The Program Executive Office Integrated Warfare Systems (PEO IWS) manages surface ship and submarine combat technologies and systems, and coordinates Navy Open Architecture across ship platforms.

“SAIC is proud to continue its support to PEO IWS. We have supported this contract for more than five years, and we are honored to have been selected to continue to provide our engineering support services to PEO IWS 1.0, 7.0 and 9.0 in pursuit of their critical mission to enhance U.S. Naval capabilities and protect our nation,” said Tom Watson, SAIC senior vice president and general manager of the Navy and Marine Corps Customer Group.

Under the contract, SAIC will provide technical services, including systems engineering, ship integration and testing, that support product development for the current and future programs and their variants: PEO IWS 1.0 (AEGIS And AEGIS Fleet Readiness), 7.0 (Future Combat Systems), and 9.0 (DDG 1000).

SAIC will also support the development, coordination and integration of technical solutions to problems inherent in the acquisition and integration of major combat systems from development and production, through at-sea acceptance testing in-surface ships to in service support.

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 McLean, Virginia, SAIC has annual revenues of approximately $4.3 billion. For more information, visit saic.com. For ongoing news, please visit our newsroom.

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:

Science Applications International Corp.
Lauren Presti, 703-676-8982
lauren.a.presti@saic.com