Science Applications Intl Corp Stock Price, News & Analysis

ASRC Federal announced its acquisition of the logistics and supply chain management business from Science Applications International Corporation (SAIC) on March 23, 2023. This strategic move will enhance ASRC Federal's capabilities in providing secure and technology-enabled logistics solutions to the Defense Logistics Agency (DLA), serving various Department of Defense agencies. The acquisition is expected to close in Spring 2023, pending customary conditions, and will add around 240 professionals to ASRC Federal's workforce. This aligns with ASRC's mission to diversify its service offerings and support military readiness.

Science Applications International Corp. (SAIC) will release its fourth quarter and full fiscal year 2023 results on April 3, 2023, before market open. A conference call to discuss the results will follow at 10:00 a.m. Eastern time and will be available via webcast on the SAIC website. The company reported approximately $7.4 billion in annual revenue and emphasizes its role in technology transformation across various sectors.

Science Applications International Corp. (SAIC) has announced a strategic investment of $5 million in Morpheus Data, focusing on enhancing its cloud integration solutions. This partnership aims to improve service delivery and transparency in multi-cloud environments, leveraging Morpheus' orchestration engine within SAIC's CloudScend framework. With over $1 billion in annual revenue from the Secure Cloud market, this investment is expected to strengthen SAIC's position and accelerate growth in federal business. The collaboration will enable faster provisioning and delivery of cloud services for government agencies.

Science Applications International Corp. recently announced the winners of the 2023 Black Engineer of the Year Awards (BEYA), recognizing outstanding achievements in technology. The awardees include Boris Bates Sr., Calvin Coker, Alonzo Granville, Richard Truesdale, and Thomas Wilson, who excel in fields related to cyber governance, digital engineering, and program management. The company highlights how these leaders use their skills to contribute to missions for the Department of Defense and mentor future professionals in STEM. This initiative showcases SAIC's commitment to diversity, innovation, and the development of talent in the engineering sector.

SAIC emphasizes the importance of partnerships with historically Black colleges and universities (HBCUs) to enhance industry engagement and community support. The company identifies three key strategies for maximizing these collaborations:

• Broader Engagement: Companies should view HBCUs as more than just talent pools, recognizing their potential in research and government contracts.
• Navigating Business Opportunities: Industry partners can assist HBCUs in understanding government contracts and securing funds.
• Time Investment: Building long-term relationships requires continuous commitment from companies.

SAIC's longstanding partnerships with institutions like Bowie State University and Oakwood University illustrate this commitment.

Science Applications International Corp. (SAIC) announced the appointment of Josh Jackson as senior vice president of the Army Business Unit. In this role, he will lead strategy and program development for U.S. Army customers. Jackson, a SAIC veteran since 2002, has held multiple leadership positions and is recognized for his innovation in defense solutions. His leadership is expected to enhance SAIC's operational excellence and grow its Army portfolio. Bob Genter, president of Defense and Civilian Sector, expressed confidence in Jackson's ability to maintain the positive momentum in the company's growth initiatives.

Science Applications International Corp. (SAIC) will host an Investor Day on April 11, 2023, in New York City. Management presentations will start at 10:45 a.m. ET. Analysts and institutional investors can preregister via an invitation to be sent at the end of February. The event will include discussions on the company’s long-term strategy, operations, and financial outlook, featuring CEO Nazzic Keene and executive leadership. A live webcast will be available, with a replay accessible after the event.

SAIC, headquartered in Reston, Virginia, has approximately $7.4 billion in annual revenues and focuses on technology integration across various markets.