Defense Logistics Agency Awards SAIC with Global Tire Program
Public Company Information:
RESTON, Va.--(BUSINESS WIRE)--The Defense Logistics Agency awarded Science Applications International Corp. (NYSE: SAIC) with a $900 million firm-fixed-price requirements contract to continue to act as lead supply chain manager and integrator for a Defense Logistics Agency tire delivery program. The contract has a five-year base period of performance with two, two-year option periods, plus four two-month option periods. If all options are exercised, the contract could be worth potentially $1.7 billion. Work will be performed in Fairfield, New Jersey, Ft. Worth, Texas, and other areas outside the continental United States.
“SAIC is very proud to continue as DLA’s Supply Chain Alliance partner for military tires. This is a third-generation program that will now include Navy Aviation tires along with U.S. Air Force and Army fleets,” said Jim Scanlon, SAIC senior vice president and general manager of the Defense Systems Customer Group. “As on the current contract (TSI), we are committed to meeting DLA’s readiness goals with premium on-time delivery performance.”
As part of the tires program, SAIC has delivered more than 1.5 million tires at an outstanding 97 percent fill-rate level. Customers using the Global Tire Program integrator contract are the U.S. Army, Navy, Air Force, Marine Corps, Coast Guard, and foreign military sales. Learn more about how we keep the Department of Defense rolling.
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 more than 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. 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.