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. (NYSE: SAIC) has secured a prime position on the Federal Aviation Administration (FAA) Systems Engineering and Technical Innovative Solutions (SETIS) indefinite delivery, indefinite quantity contract valued at $2.3 billion. This contract spans 36 months with options extending it up to nine years. SAIC aims to enhance FAA's airspace systems through advanced engineering and technology solutions. Since 2010, SAIC has provided extensive support to the FAA, focusing on air traffic control, communication, navigation, and surveillance.
Science Applications International Corp. (SAIC) has appointed Carolyn Handlon and James C. Reagan to its board of directors, expanding the board to 13 members, with nearly two-thirds being women and people of color. Handlon, a former Executive VP at Marriott, will join the Audit and Nominating Committees, while Reagan, ex-CFO of Leidos, will serve on the Audit and Human Resources Committees. The board chair emphasized their integrity and leadership capabilities, which are expected to enhance SAIC's commitment to sustainable growth for customers and shareholders.
Science Applications International Corp. (SAIC) has secured a $150 million contract from the United States Transportation Command (USTRANSCOM) to modernize their IT management systems over five years.
This contract underlines SAIC's expertise in enterprise IT, including cloud migration and cyber security. The project is aimed at enhancing global mobility through advanced IT services and follows the earlier IT Service Management program.
Science Applications International Corp. (NYSE: SAIC) has secured a $150 million blanket purchase agreement with the Transportation Security Administration (TSA) to conduct operational testing and evaluation of airport screening equipment. This agreement allows SAIC to provide essential support in validating the effectiveness and cyber resilience of TSA systems, ensuring the safety of U.S. air travel. The company, with annual revenues of approximately $7.4 billion, emphasizes its commitment to enhancing airport security through innovative technology.
Science Applications International Corporation (NYSE: SAIC) reported third-quarter fiscal 2023 results with revenues of $1.91 billion, reflecting a 1% increase year-over-year. The diluted earnings per share rose 19% to $1.45, and adjusted diluted EPS grew 3% to $1.90. The company achieved net bookings of $2.0 billion, resulting in a book-to-bill ratio of 1.1. SAIC raised its revenue and adjusted diluted EPS guidance for the fiscal year, projecting revenues of approximately $7.6 billion.
SAIC has been recognized by Frost & Sullivan as a Company to Watch for its contributions to the Department of Defense's JADC2 strategy. The company has secured over $500 million in related contract awards in 2022. Experts from SAIC are noted for their advanced capabilities in network virtualization, software integration, and cloud operations. Their role involves transforming legacy systems for enhanced decision-making efficiency.
Science Applications International Corp. (SAIC) declared a cash dividend of $0.37 per share, payable on January 27, 2023, to stockholders recorded by January 13, 2023. The company plans to maintain quarterly dividends, contingent on earnings, financial health, and capital needs. With annual revenues of approximately $7.4 billion, SAIC emphasizes its role as a technology integrator across various markets, ensuring effective solutions for customer missions.
SAIC has secured approximately $950 million in contract awards in the third quarter of fiscal year 2023, focusing on space and intelligence sectors. These awards include a significant project with the Missile Defense Agency for analysis efforts. The company aims to leverage its diverse capabilities including secure cloud, C5ISR, machine learning, and digital engineering, enhancing its position as a key partner for national security. With annual revenues around $7.4 billion, SAIC emphasizes its commitment to delivering innovative solutions for critical missions.
Science Applications International Corp. (SAIC) is set to release its third quarter fiscal year 2023 results on December 5, 2022, before market open. Executive management will discuss the financial results during a conference call at 10:00 a.m. ET, which will be accessible via webcast on the SAIC website. The company has annual revenues of approximately $7.4 billion and provides technology integration across various sectors including defense and intelligence. Forward-looking statements included in the release emphasize the uncertainties of future performance.
Science Applications International Corp. (NYSE: SAIC) has secured a contract worth an estimated $757 million to provide software development and management services for the U.S. Army Enterprise Service Desk (AESD). This contract allows SAIC to optimize existing operations and modernize the Army's IT systems. The company will utilize its expertise in cloud migration and software engineering to enhance IT service delivery across the Army.
SAIC continues to solidify its role as a technology integrator with projected annual revenues of $7.4 billion.
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