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SAIC Assisting Government of New Zealand Establish a Regional Tsunami Buoy Network

February, 28, 2020

RESTON, Va.--(BUSINESS WIRE)-- The Department of the Prime Minister and Cabinet of the Government of New Zealand has contracted Science Applications International Corp. (NYSE: SAIC) to provide for systems engineering and integration work and deliver a regional tsunami buoy network.

“SAIC is proud to be assisting the Government of New Zealand establish a regional tsunami buoy network to provide one of the important near real-time data sources used in their warning centers,” said Jim Scanlon, SAIC executive vice president and general manager of SAIC’s Defense Systems Group. “Deployment of these tsunami buoy systems in the South Pacific will further strengthen the international effort to establish a global tsunami buoy network.”

The multi-million dollar contract is a firm-fixed-price, single award with work to be completed by the end of 2020. When completed, New Zealand’s network will consist of 15 tsunami buoys that will provide deep-ocean assessment and reporting to monitor changes in sea level and provide real-time ocean bottom pressure data to New Zealand’s National Emergency Management Agency.

For more than a decade, SAIC has been building deep-sea sensor buoys to continuously record and transmit oceanic measurements for use in forecasting and alerts. The company has deployed more than 45 observational buoy systems for nation-state customers that include Australia, Chile, China, India, Japan, Russia, Taiwan, and Thailand.

It is only through the development of a rigorous testing program, custom developed analysis software and a relentless attention to detail that the team has been able to achieve this long-standing success. These systems are regularly deployed, worldwide, in some of the harshest environments on the planet. The fact these systems operate, unattended, for years between service calls is a testament to the quality this SAIC team builds into these systems.

Tsunami buoys are one of several available sources of earth observational data that assist in the development of tsunami warnings. A tsunami warning system typically includes the collection and analysis of local and global earth observations such as seismic data, tide gauge data, tsunami buoy data, and other reports. The warning center staff then thoroughly assesses this data using the latest data analysis techniques and then integrated into their state-of-the-art tsunami forecast models.

About SAIC

SAIC® is a premier technology integrator solving our nation’s most complex modernization and readiness challenges. Our robust portfolio of offerings across the defense, space, civilian, and intelligence markets includes high-end solutions in engineering, IT, and mission solutions. Using our expertise and understanding of existing and emerging technologies, we integrate the best components from our own portfolio and our partner ecosystem to deliver innovative, effective, and efficient solutions.

We are 23,000 strong; driven by mission, united by purpose, and inspired by opportunities. Headquartered in Reston, Virginia, SAIC has pro forma 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 saic.comor on the SEC’s website at 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.

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

Source: Science Applications International Corp.

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