Science Applications International Corporation provides technical, engineering, mission IT, enterprise IT and professional services primarily for U.S. government customers. The company operates across defense, space, civilian and intelligence markets, with work that includes secure technology integration, infrastructure modernization, systems sustainment, mission assurance and support for critical national-security and civil-agency operations.
SAIC news commonly covers federal contract awards and task orders, program support for agencies such as the U.S. Navy, NASA and the Government Accountability Office, quarterly and annual financial results, dividends, board and executive changes, and community initiatives connected to veterans and military families.
Science Applications International Corporation (NASDAQ: SAIC) launched a quantum solutions portfolio for federal civil, space and defense missions following more than two years of development.
The portfolio covers quantum sensing, optimization algorithms, optical interconnects and post-quantum cryptography, encryption designed to resist quantum computing threats. SAIC said it has transitioned quantum capabilities from laboratory work to active federal deployment. Its recent venture investments and acquisition of Information Security Corporation, a provider of encryption and credential management software, support the portfolio and customers’ migration to post-quantum cryptography.
Science Applications International (NASDAQ: SAIC) named Prabu Natarajan permanent Executive Vice President of the Civilian Business Group, effective immediately. He had led the group on an interim basis for several months and will retain his role as Executive Vice President of Enterprise Operations and oversight of Project ORBIT.
Kenneth Crews will join SAIC on October 30 as Executive Vice President and Chief Financial Officer Elect. Natarajan will continue serving as Chief Financial Officer during the transition, with Crews formally assuming that role on December 7, 2026. Crews previously served as Corporate Vice President and Chief Financial Officer at Northrop Grumman.
Science Applications International (NASDAQ: SAIC) has completed its acquisition of Information Security Corporation, adding cryptographic software to its security capabilities.
ISC provides public key infrastructure, which manages digital certificates, alongside encryption and credential management software. Its products support cryptographic infrastructure modernization and transitions to post-quantum cryptography. The suite includes CertAgent, which has been on the National Security Agency’s Commercial Solutions for Classified Components List for more than a decade. SAIC said integrating ISC’s technologies with its zero-trust architectures would provide intelligence and defense customers with security and scalability against evolving threats. Financial terms were not disclosed. KPMG supported SAIC, while TideLock Partners advised ISC.
Science Applications International (SAIC) won a $742 million recompete task order to support U.S. Customs and Border Protection security systems. The Alliant 2 order runs from September 15, 2026, through September 14, 2031. As prime contractor, SAIC will provide software development, operations, maintenance, upgrades and enhancements for systems used to assess risks from travelers and cargo entering the United States.
SAIC also recently won a separate five-year, $199 million recompete task order for CBP’s Integrated Traveler Initiatives (ITI) 2.1 program, continuing its support for processing technologies at ports of entry and inspection checkpoints.
SAIC (NASDAQ: SAIC) reported fiscal 2Q27 revenues of $1.88 billion, up about 6% year over year, including approximately 5.3% organic growth and $20 million from the SilverEdge acquisition. Operating income rose to $152 million (8.1% margin), while adjusted EBITDA was $193 million, or 10.3% of revenues.
Net income was $102 million, down 20%, with diluted EPS of $2.38 and adjusted diluted EPS of $3.01, both below the prior-year quarter. Operating cash flow was $146 million and free cash flow $131 million. Net bookings were $1.2 billion, implying a quarterly book-to-bill of 0.6 and trailing twelve-month book-to-bill of 0.8; total backlog was about $22.1 billion, including $3.8 billion funded.
SAIC raised its fiscal 2027 guidance: revenue to $7.2–$7.3 billion, adjusted EBITDA to $750–$755 million, adjusted EBITDA margin to 10.3%–10.5%, and adjusted diluted EPS to $10.65–$10.75, while reiterating free cash flow above $600 million. The company returned $106 million via share repurchases and dividends and announced a $0.37 quarterly dividend and several multi‑year contract awards across U.S. defense, intelligence, and civilian agencies.
SAIC (NASDAQ: SAIC) reported that its board of directors has declared a cash dividend of $0.37 per share on its common stock. The dividend is payable on October 23, 2026 to shareholders of record as of October 9, 2026. SAIC stated it intends to continue quarterly dividend payments, but future dividends will be decided each quarter based on earnings, financial condition, capital needs and other factors.
SAIC (NASDAQ: SAIC) will release its second quarter fiscal year 2027 results before market open on Monday, August 31, 2026. Executive management will review operational and financial results on a webcast-only conference call at 10:00 a.m. EDT, with slides and an on-demand replay available via SAIC’s Investor Relations website.
SAIC (NASDAQ: SAIC) appointed David Benson and David Cush to its Board of Directors, effective August 20, 2026, increasing the board to 12 members. Both join the Audit Committee, with Benson also serving on the Human Resources and Compensation Committee and Cush on the Nominating and Corporate Governance Committee.
Benson is a former President, CFO and interim CEO of Fannie Mae, where he oversaw about $25 billion in annual revenue and roughly 8,000 employees. Cush is the former President and CEO of Virgin America and led its IPO and subsequent $4 billion acquisition by Alaska Airlines.
SAIC (NASDAQ: SAIC) announced a $400 million recompete contract to provide advanced systems engineering, technical integration and mission support services for a U.S. Intelligence Agency’s ground-based programs. This award lifts SAIC’s Intel Space market contract wins to over $1.6 billion in the first half of fiscal 2027.
SAIC (NASDAQ: SAIC) received a new $70 million, cost-plus-fixed-fee task order from the U.S. Navy’s Naval Surface Warfare Center Crane Division Radar Technologies Division. SAIC will provide advanced technical skills, analysis, engineering studies, modeling and simulation for radar systems supporting surface, air and maritime missions.
The company will deliver full lifecycle development and sustainment for radar, RF and microwave systems, including major platforms such as SPS-48E/49, SPQ-9B, SPS-67, MK-99, SPY-1, SPY-6 and G/ATOR. The task order has a one-year base period plus four one-year options, for a total potential duration of five years.