SAIC Awarded Master Services Agreement by Chevron U.S.A., Inc.
Company to Provide Environmental Engineering Consulting ServicesSAN DIEGO and McLEAN, Va., May 5, 2008 /PRNewswire-FirstCall via COMTEX News Network/ -- Science Applications International Corporation (NYSE: SAI) today announced it has been awarded a prime, follow-on contract by Chevron U.S.A., Inc. Through this multiple-award master services agreement, SAIC will provide environmental engineering, management and consulting services to Chevron within the U.S. and internationally, as required. Over the next five years, SAIC expects Chevron to award $150 million in new assignments under this master services agreement, with the opportunity to grow beyond this amount.
SAIC's focus under the new master services agreement is to provide technical engineering and environmental support at active and inactive Chevron sites worldwide. Primary services will include environmental remediation, engineering design, modeling, risk assessment, and groundwater and compliance monitoring, SAIC will also support management of inactive pipelines, engineering design, construction management and oversight, and site assessment and closure. In addition, SAIC will have the potential to expand services to Chevron into facility upgrades and information system support.
"We have supported Chevron since 2002 as one of its largest environmental suppliers," said Bob Shokes, SAIC senior vice president and business unit general manager. "We look forward to continuing to provide quality services that help Chevron meet their most critical environmental engineering needs, and to expand SAIC's role in supporting this important commercial customer."
About SAIC
SAIC is a FORTUNE 500® scientific, engineering, and technology applications company that uses its deep domain knowledge to solve problems of vital importance to the nation and the world, in national security, energy and the environment, critical infrastructure, and health. The company's approximately 44,000 employees serve customers in the Department of Defense, the intelligence community, the U.S. Department of Homeland Security, other U.S. Government civil agencies and selected commercial markets. SAIC had annual revenues of $8.9 billion for its fiscal year ended January 31, 2008. For more information, visit www.saic.com.
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Statements in this announcement, other than historical data and information, constitute forward-looking statements that involve risks and uncertainties. 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 for the period ended January 31, 2008, and other such filings that SAIC makes with the SEC from time to time. 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: Melissa Koskovich Laura Luke
703/676-6762 703/676-6533
koskovichm@saic.com laura.luke@saic.com
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