SAIC Wins Follow-On Award to Support Tactical Warfare Training Program for Navy and Marine Corps
RESTON, Va.--(BUSINESS WIRE)--Mar 9, 2020--
Science Applications International Corp. (NYSE: SAIC) has been awarded a $45.2 million follow-on contract to support the tactical warfare training of the Navy and Marine Corps. The single-award contract has a three-year period of performance.
SAIC will continue providing technical and tactical expertise to support tactical warfare training of the Tactical Training Group Pacific (TTGP) stationed in San Diego, the Expeditionary Warfare Training Group Pacific (EWTGP) based in Coronado, California, Tactical Training Group Detachment (TTGPDY) Yokosuka, and Carrier Strike Group 15 in San Diego.
SAIC’s support provides the Navy and Marine Corps the most up-to-date training, including instruction related to tactics, techniques, and procedures, as well as practical applications and wargaming support, utilizing government-furnished training systems for classroom training, Fleet Synthetic Training (FST), and Live, Virtual, Constructive Training (LVC). This support enables TTGP and EWTGP to execute their primary mission to train carrier strike groups, expeditionary strike groups, and amphibious ready groups of the Navy’s Third and Seventh Fleets.
“SAIC is proud to continue our support of TTGP and EWTGP as they train groups for deployment,” said Jim Scanlon, SAIC executive vice president and general manager of the Defense Systems Customer Group. “We want today’s Navy and Marine Corps forces to be as mission-ready as possible, and this program enables that preparation.”
SAIC was the only awardee for this contract. Three subcontractors — American Systems, Prairie Quest, and Stellar Peak — will work with SAIC on this contract.
“Our years of successful engagement on this program, coupled with key personnel, secured this win and cemented the trust between us and our customers in this contract,” Scanlon continued.
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.
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/20200309005536/en/
CONTACT: SAIC Media Contact:
KEYWORD: DISTRICT OF COLUMBIA VIRGINIA UNITED STATES NORTH AMERICA
INDUSTRY KEYWORD: TECHNOLOGY ENGINEERING AEROSPACE MANUFACTURING DEFENSE OTHER TECHNOLOGY OTHER DEFENSE SOFTWARE CONTRACTS NETWORKS OTHER MANUFACTURING DATA MANAGEMENT SECURITY SATELLITE
SOURCE: Science Applications International Corp.
Copyright Business Wire 2020.
PUB: 03/09/2020 04:15 PM/DISC: 03/09/2020 04:15 PM