SAIC Awarded $116 Million Navy Tactical Networks Contract
Company to provide engineering services for afloat and ashore assets
Public Company Information:
RESTON, Va.--(BUSINESS WIRE)--The Space and Naval Warfare Systems Center Pacific awarded Science Applications International Corp. (NYSE: SAIC) a prime contract worth approximately $116 million to continue to provide engineering services to the U.S. Navy’s afloat and ashore assets.
Under the contract SAIC will provide management, engineering, technical, integrated logistics support, and configuration management to the Navy’s Tactical Networks In-Service Engineering Activity (TACNET ISEA).
The single award, indefinite-delivery, indefinite-quantity contract has a three-year base period of performance and a two-year option period which, if exercised, would bring the potential value of this contract to an estimated $196 million. Work will be performed primarily in San Diego, California and Norfolk, Virginia, while some additional work will be performed on Navy ships and shore sites globally.
“We are proud to continue our support to SPAWAR Systems Center Pacific TACNET and are dedicated to ensuring the highest degree of fleet readiness. For more than 20 years, we have assisted the Navy with sustainment services for critical TACNET systems that serve as the backbone of U.S. naval vessels,” said Jim Scanlon, SAIC senior vice president and general manager of the Defense Systems Customer Group.
TACNET ISEA is responsible for the sustainment of fielded systems through end-of-life replacement, system upgrades, follow-on, or interrelated system, distant support, on-site repair, installations, and system analysis to ensure networks are performing within designed specifications.
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.