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SAIC Awarded $57 Million Seaport-e Task Order

Category:

Thursday, March 14, 2019 4:15 pm EDT

Dateline:

RESTON, Va.

Public Company Information:

NYSE:
SAIC
"Management’s Discussion and Analysis of Financial Condition and Results of Operations"

RESTON, Va.--(BUSINESS WIRE)--Science Applications International Corp. (NYSE: SAIC) won a $57 million Seaport-e task order to provide engineering support services to the Polymers and Undersea Sensors Branch at the Naval Surface Warfare Center, Crane Division.

“This win not only continues the strong partnership we’ve had for 30 years with NSWC Crane,” said Jim Scanlon, executive vice president and general manager of SAIC’s Defense Systems customer group, “but it is also an affirmation of the Product Support Center services model we’ve developed with them.”

The Product Support Center services model provides ‘cradle to grave’ life cycle support to systems and platforms and includes solution analysis, system engineering and integration, and sustainment. It leverages proven, repeatable processes that deliver needed capabilities faster and more cost-effectively. The model can be deployed as a comprehensive, tailored package or via various customer-defined modules.

On this contract, SAIC will also deliver research and development services, rapid prototype development, test and evaluation and depot overhaul and repair for various sensors, underwater cables and specialty molded elastomer products throughout the Fleet. The task order has a one-year base period of performance with four additional option years.

About SAIC

SAIC is a premier technology integrator solving our nation’s most complex modernization and readiness challenges across the defense, space, federal civilian, and intelligence markets. Our robust portfolio of offerings includes high-end solutions in systems engineering and integration; enterprise IT, including cloud services; cyber; software; advanced analytics and simulation; and training. With an intimate understanding of our customers’ challenges and deep expertise in existing and emerging technologies, we integrate the best components from our own portfolio and our partner ecosystem to rapidly deliver innovative, effective, and efficient solutions.

We are a team of 23,000 strong driven by mission, united purpose, and inspired by opportunity. Headquartered in Reston, Virginia, SAIC has annual revenues of approximately $6.5 billion. For more information, visit saic.com. For ongoing news, please visit our newsroom.

Forward-Looking Statements

Certain statements in this release contain or are based on “forward-looking” information within the meaning of the Private Securities Litigation Reform Act of 1995. In some cases, you can identify forward-looking statements by words such as “expects,” “intends,” “plans,” “anticipates,” “believes,” “estimates,” “guidance,” and similar words or phrases. Forward-looking statements in this release may include, among others, estimates of future revenues, operating income, earnings, earnings per share, charges, total contract value, backlog, outstanding shares and cash flows, as well as statements about future dividends, share repurchases and other capital deployment plans. Such statements are not guarantees of future performance and involve risk, uncertainties and assumptions, and actual results may differ materially from the guidance and other forward-looking statements made in this release as a result of various factors. Risks, uncertainties and assumptions that could cause or contribute to these material differences include those discussed in the “Risk Factors,” “Management’s Discussion and Analysis of Financial Condition and Results of Operations” and “Legal Proceedings” sections of our Annual Report on Form 10-K, as updated in any subsequent Quarterly Reports on Form 10-Q and other filings with the SEC, which may be viewed or obtained through the Investor Relations section of our website at www.saic.com or on the SEC’s website at www.sec.gov . Due to such risks, uncertainties and assumptions you are cautioned not to place undue reliance on such forward-looking statements, which speak only as of the date hereof. SAIC expressly disclaims any duty to update any forward-looking statement provided in this release to reflect subsequent events, actual results or changes in SAIC’s expectations. SAIC also disclaims any duty to comment upon or correct information that may be contained in reports published by investment analysts or others.

Contact:

SAIC Media Contact:
Lauren Presti
703-676-8982
lauren.a.presti@saic.com