SAIC Awarded Commercial Network Services Contract
SAN DIEGO and MCLEAN, Va., Jan 03, 2008 /PRNewswire-FirstCall via COMTEX News Network/ -- Science Applications International Corporation (NYSE: SAI) today announced it has been awarded a follow-on contract to provide global network managed services to INEOS, a manufacturer of petrochemicals, specialty chemicals and oil products.
The single-award, time and materials, firm-fixed-price contract has a 42-month base period of performance with a one-year option and a total value of $18 million if the option is exercised.
SAIC will assume operational control of INEOS Global Network Services, managing the operation, maintenance and monitoring of INEOS global wide area network, perimeter security, Internet browsing, intrusion prevention and infrastructure. Work will be performed in the U.S., United Kingdom and other international locations as required.
"This win demonstrates the global capability of SAIC to deliver managed network and security services and strengthens our focus on the commercial energy market," said Doug Charles, SAIC senior vice president and business unit general manager.
SAIC is a leading provider of scientific, engineering, systems integration and technical services and solutions to all branches of the U.S. military, agencies of the Department of Defense, the intelligence community, the U.S. Department of Homeland Security and other U.S. Government civil agencies, as well as to customers in selected commercial markets. With approximately 44,000 employees in more than 150 cities worldwide, SAIC engineers and scientists solve complex technical challenges requiring innovative solutions for customers' mission-critical functions. SAIC had annual revenues of $8.3 billion for its fiscal year ended January 31, 2007.
SAIC: FROM SCIENCE TO SOLUTIONS®
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, 2007, 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, McLean
703/676-6762
koskovichm@saic.com
Ron Zollars, San Diego
858/826-7896
zollarsr@saic.com
SOURCE SAIC
http://www.saic.com