Navy Awards SAIC $50.6M Torpedo Defense Services Task Order
Rhea-AI Summary
SAIC (SAIC) received a follow-on $50.6 million U.S. Navy task order from Naval Undersea Warfare Center Newport to provide torpedo defense system design, modernization and sustainment services.
The work leverages digital engineering, modeling and simulation to upgrade systems including Nixie, ADCs, CRAW, EX 2, SLUAS and related Foreign Military Sales efforts.
AI-generated analysis. Not financial advice.
Positive
- Follow-on U.S. Navy task order valued at $50.6 million
- Extends more than 20 years of Navy torpedo defense collaboration
- Covers modernization and sustainment of multiple key torpedo defense systems
- Highlights SAIC’s digital engineering, modeling, SIM/STIM and cybersecurity capabilities
- Supports NUWC Code 85 and several major Navy program offices
Negative
- None.
News Market Reaction – SAIC
On the day this news was published, SAIC gained 1.21%, reflecting a mild positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
Key Figures
Market Reality Check
Peers on Argus
SAIC was down 1.49% while peers showed mixed moves: INGM +6.03%, PSN +1.86%, APLD -2.05%, PONY -0.46%, VRRM -8.47%. This points to stock-specific dynamics rather than a sector-wide move.
Historical Context
| Date | Event | Sentiment | Move | Catalyst |
|---|---|---|---|---|
| Jun 01 | Quarterly earnings | Positive | +10.4% | Stronger Q1 FY2027 results with raised profitability and EPS guidance. |
| May 29 | Dividend declaration | Positive | +0.5% | Board declared a quarterly cash dividend of $0.37 per share. |
| May 19 | Earnings call setup | Neutral | +1.5% | Scheduled Q1 FY2027 earnings release and webcast-only conference call. |
| May 05 | CSR / philanthropy | Neutral | -1.3% | Co-hosted fundraiser supporting mortgage-free homes for injured veterans. |
| Apr 20 | Navy task order | Positive | -0.7% | Awarded new $75.2M PRISM task order for NAVAIR aviation systems. |
Recent earnings and capital return news tended to see positive or modestly positive price reactions, while some Navy contract wins and non-core news saw flat-to-negative responses.
Over the past few months, SAIC reported strong Q1 FY2027 results on Jun 01, with higher revenue, net income, and raised guidance, which coincided with a 10.44% gain. A cash dividend declaration on May 29 also saw a small positive move. Earlier, a Navy-focused $75.2 million aviation systems task order produced a slight negative reaction, and a veterans-focused charity announcement likewise saw a modest decline. Today’s Navy torpedo defense task order extends this pattern of sizable defense contracts following strong financial updates.
Market Pulse Summary
This announcement highlights a follow-on $50.6 million task order from the U.S. Navy’s NUWC to modernize torpedo defense systems, adding to SAIC’s broader defense portfolio and prior Navy work such as the $75.2 million aviation task order. In context of recently improved Q1 FY2027 results and raised guidance, the win reinforces contract momentum. Investors may focus on ongoing award cadence, backlog quality, and how digital engineering capabilities translate into sustained margins and long-term Navy relationships.
Key Terms
foreign military sales (fms) regulatory
AI-generated analysis. Not financial advice.
Modernizes technology and infrastructure of existing and new torpedo defense systems – including “Nixie” – to mitigate threats, enhance vessel survivability, and ensure mission success
RESTON, Va., June 03, 2026 (GLOBE NEWSWIRE) -- Science Applications International Corp. (NASDAQ: SAIC) has been awarded a follow-on
SAIC will leverage its advanced digital engineering capabilities to revolutionize the Navy’s TD systems by streamlining the design conceptualization, prototyping, and fabrication processes of hardware and software. This approach will integrate cutting-edge modeling simulation (SIM) and stimulation (STIM) – enabling more robust system analyses, data-driven insights, and seamless cybersecurity implementation. These advancements will ensure that upgraded TD systems achieve new levels of operational effectiveness to enhance vessel survivability and empower the Navy to maintain superior mission success in evolving maritime threat environments.
The company will support critical NUWC TD systems such as AN/SLQ-25 Torpedo Countermeasures Transmitting Set (commonly known as “Nixie”), Acoustic Device Countermeasures (ADCs), MK 58 Compact Rapid Attack Weapon (CRAW), EX 2 Torpedo Warning System, Submarine Launched Unmanned Aerial System (SLUAS), as well as emergent technologies and intelligence projects for Navy and Foreign Military Sales (FMS) that guide upgrades to the TD systems.
“SAIC’s long-standing partnership with the Navy and NUWC is built on trust, technical excellence, and an unwavering commitment to the mission;” said Barbara Supplee, SAIC Executive Vice President of the Army Navy Business Group. “This award reflects the Navy’s confidence in our team’s continued ability to deliver the modern torpedo defense systems needed to protect our fleet and outpace emerging threats. We are proud to continue supporting NUWC Code 85 with the engineering rigor, innovation, and agility required to ensure our warfighters remain safe, informed, and ready.”
The follow-on task order supports key NUWC Code 85 program offices such as Undersea Warfare Systems Program Office (PEO-UWS PMS415), International Fleet Support Program Office (PMS326), Office of Naval Research (ONR), and Office of Naval Intelligence (ONI), among others.
About SAIC
SAIC® is a premier mission integrator focused on advancing the power of technology and innovation to serve and protect our world. Our robust portfolio of offerings across the defense, space, intelligence, and civilian markets includes secure high-end solutions in mission IT, enterprise IT, engineering services, and professional services. We integrate emerging technology, rapidly and securely, into mission critical operations that modernize and enable critical national imperatives.
We are approximately 23,000 strong; driven by mission, united by purpose, and inspired by opportunities. Headquartered in Reston, Virginia, SAIC has annual revenues of approximately
Media Contact:
Darryn James
publicrelations@saic.com
Forward-Looking Statements
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.
