Welcome to our dedicated page for Science Applications Intl news (Ticker: SAIC), a resource for investors and traders seeking the latest updates and insights on Science Applications Intl stock.
Science Applications International Corporation (SAIC) (NASDAQ: SAIC) is a Fortune 500 mission integrator and technology company serving defense, space, intelligence, and civilian customers. This news page aggregates company announcements, contract awards, earnings updates, and strategic developments that shape the SAIC stock story.
Recent SAIC news highlights include major U.S. government contracts and organizational changes. The company has reported awards such as the COBRA (Collaborative Operations for Battlespace Resilient Architecture) task order supporting multi-domain command and control, and a contract from the Naval Undersea Warfare Center to operate, maintain, and upgrade propulsion test facilities for undersea weapons and vehicles. SAIC has also announced collaborations, such as its partnership with HavocAI to connect autonomous maritime fleets to joint command and control infrastructure using its Joint Range Extension system.
Investors and observers can follow SAIC’s quarterly earnings releases, where the company reports revenues, margins, bookings, backlog, and cash flow metrics, along with commentary on program performance and capital deployment, including share repurchases and dividends. News items also cover leadership changes, including the appointment of an interim Chief Executive Officer and a Chief Growth Officer, and organizational restructuring intended to simplify the company’s structure and sharpen its focus on growth and shareholder value creation.
Additional coverage includes announcements about acquisitions, such as the agreement to acquire SilverEdge Government Solutions to expand mission-focused, IP-based solutions and commercial products for national security missions. By reviewing this news feed, readers can track how SAIC’s mission IT, enterprise IT, engineering services, and professional services evolve across defense, space, civilian, and intelligence markets over time.
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
SAIC, headquartered in
Science Applications International Corp. (SAIC) has introduced Tenjin, a new AI and machine-learning platform designed to enhance data management for government agencies. This low-code to full-code platform allows users, regardless of technical expertise, to develop analytic models, enabling quicker decision-making. Tenjin integrates seamlessly with the Koverse Data Platform, ensuring strong data governance and security. SAIC recently received recognition from Frost & Sullivan as a JADC2 Company to Watch for its expertise in AI and big data analytics. SAIC aims to facilitate digital transformation across the public sector through innovations like Tenjin.
Science Applications International Corp. (NYSE: SAIC) has received the 2023 Business Intelligence Group's Innovation Award for its Counter Unmanned Aerial Systems (CUAS) solution. This recognition highlights SAIC's ongoing commitment to innovative solutions in mitigating drone threats. The CUAS system offers platform-agnostic capabilities for drone detection, identification, and mitigation, supporting various sectors including military and commercial. Following a successful field test, the U.S. Army's Joint Counter-small Unmanned Aircraft Systems Office identified SAIC as a top performer among three recommended companies for Counter-UAS as a Service (CaaS).
SAIC has secured a $112 million contract to develop Cloud Based Command and Control (CBC2) for the U.S. Air Force's Advanced Battle Management System (ABMS). This initiative aims to modernize command and control systems and support the DoD’s Joint All Domain Command and Control (JADC2) vision. The first application will enhance Air Defense capabilities for NORAD and Pacific Air Forces.
SAIC has a strong position in defense technology, with annual revenues of $7.4 billion and a workforce of approximately 26,000 employees. Recent contracts showcase the company’s commitment to improving national security through innovative technology solutions.
Science Applications International Corp. (NYSE: SAIC) has secured a $349 million contract from the U.S. Navy to support Afloat and Ashore Tactical Networks (TACNET) over five years. This contract involves systems engineering support, management, and logistics, building on SAIC's previous 15 years of service in this area. The company aims to enhance the Navy's IT modernization initiatives, with work primarily based in San Diego, California. SAIC reported annual revenues of approximately $7.4 billion, highlighting its significant role in defense technology.
FAQ
What is the current stock price of Science Applications Intl (SAIC)?
What is the market cap of Science Applications Intl (SAIC)?
