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SAIC Wins $582 Million in Intelligence and Space Contracts

November 26, 2019 GMT

RESTON, Va.--(BUSINESS WIRE)--Nov 26, 2019--

Science Applications International Corp. (NYSE: SAIC) has secured $582 million in fiscal year 2020 third quarter contract awards by space and intelligence community customers, including two sizeable contracts worth a combined $302 million and a $68 million contract from the previously-announced Zeus award. Zeus is the follow-on contract for the Innovative GEOINT Application Provider Program ( IGAPP ).

Most of the contracts serve customers in the intelligence community and classified space domain that rely on SAIC for highly-specialized expertise in technology integration, engineering, IT modernization, and mission operations.

“We deliver a breadth of expertise to our space and intel customers that accelerates vital capability,” said Michael LaRouche, executive vice president and general manager of SAIC’s National Security Customer Group. “We are honored these customers continue to choose SAIC and our talented employees. Every day, we offer new ideas and innovative solutions for extremely complex challenges. These awards are a testament to the dedication our team brings to the mission and highlight our growth within the space and intelligence communities.”

SAIC is one of the largest systems engineering and integration providers across the U.S. space and intelligence communities. Recent successes have combined domain and mission understanding with mature technical offerings like digital engineering, app brokerage, and data science.

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.com or 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.

View source version on businesswire.com:https://www.businesswire.com/news/home/20191126005711/en/

CONTACT: SAIC Media Contact:

Lauren Presti

703-676-8982

lauren.a.presti@saic.com 

KEYWORD: VIRGINIA UNITED STATES NORTH AMERICA

INDUSTRY KEYWORD: DEFENSE CONTRACTS DATA MANAGEMENT ENGINEERING TECHNOLOGY AEROSPACE MANUFACTURING SECURITY

SOURCE: Science Applications International Corp.

Copyright Business Wire 2019.

PUB: 11/26/2019 04:15 PM/DISC: 11/26/2019 04:15 PM

http://www.businesswire.com/news/home/20191126005711/en