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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 $170 million contract from NASA for independent verification and validation (IV&V) services related to space systems and software. This five-year Systems and Software Assurance Services 2 (SAS2) contract will support NASA's human space exploration and various Earth and planetary science missions.
SAIC’s expertise is crucial for the success of key missions like the Perseverance Mars Rover and the Artemis Program. The contract encompasses Software Systems IV&V, Safety & Mission Assurance, and Software Assurance services.
Science Applications International Corp. (SAIC) has pledged $1.5 million to the Alabama School of Cyber Technology and Engineering (ASCTE). This investment aims to enhance STEM education and workforce development, supporting the school's initiatives in cyber technology and engineering. ASCTE, located in Huntsville, Alabama, provides free tuition and housing, focusing on hands-on learning experiences. This partnership illustrates the collaborative effort between industry and education to cultivate future leaders in technology.
Science Applications International Corp. (SAIC) has partnered with Rogue Space Systems to enhance innovations in small satellite technology. This collaboration focuses on In-Orbit Service Assembly and Manufacturing (ISAM), asset inspection, and Space Situational Awareness (SSA). SAIC will develop and integrate Rogue's orbital robots, the Orbots™, to provide these services. This partnership aims to address the rising demand for ISAM and SSA in space, particularly for both commercial and government sectors, and reinforces SAIC's commitment to supporting national priorities in the growing global space market.
Science Applications International Corp. (NYSE: SAIC) has been selected for the Advanced Battle Management System (ABMS) Digital Infrastructure Consortium to enhance multi-domain operations for the Department of the Air Force. As one of five companies involved, SAIC will collaborate to integrate state-of-the-art digital capabilities, contributing to the Department of Defense's Command and Control vision. With annual revenues of approximately $7.4 billion, SAIC aims to support military readiness and strategic decision-making, ensuring mission success.
SAIC reported net bookings of $2.1 billion with a book-to-bill of 1.1x for Q2 FY2023, contributing to revenues of $1.83 billion, unchanged year-on-year. Diluted EPS was $1.30, down 8% compared to the previous year, while adjusted diluted EPS declined 11% to $1.75. The company raised its full-year revenue guidance to $7.50-$7.55 billion and adjusted diluted EPS outlook to $7.00-$7.20. SAIC successfully refinanced its debt, saving interest costs, and declared a quarterly dividend of $0.37 per share.
Science Applications International Corp. (NYSE: SAIC) has declared a cash dividend of $0.37 per share, scheduled for payment on October 28, 2022, to shareholders on record as of October 14, 2022. The company plans to maintain quarterly dividends, contingent on future earnings and financial conditions as determined by the board of directors. With annual revenues of approximately $7.4 billion, SAIC is a leading technology integrator serving various markets, including defense and intelligence.
Science Applications International Corp. (SAIC) secured approximately $400 million in national security and space contract awards for Q2 FY2023, complementing a prior $319 million contract with the U.S. Air Force. These awards focus on systems integration, new cloud programs, and JADC2 efforts. President Michael LaRouche emphasized SAIC's leadership in digital engineering and transformative technology. With annual revenues around $7.4 billion, SAIC remains a key player in defense and intelligence sectors.
Science Applications International Corp. (SAIC) has secured a $163 million contract from the U.S. Navy. This contract focuses on providing technical sustainment, engineering, logistics, and modernization support to Naval Enterprise Networks. The work will be conducted for the Naval Information Warfare Center (NIWC) Pacific, ensuring support for all shore-based Navy commands and enhancing operational command and control. SAIC emphasizes its commitment to delivering critical solutions to meet Navy network challenges.
Science Applications International Corp. (SAIC) has secured a $319 million contract from the U.S. Air Force for the Falconer Air Operations Center Weapon System Sustainment. The partnership with Kessel Run aims to modernize and enhance operations for planning and executing air, space, and cyber operations. This award underscores SAIC's capabilities in command, control, cloud migration, and digital modernization. Recent awards related to the Joint All-Domain Command and Control (JADC2) signify the Department of Defense's confidence in SAIC's offerings.
SAIC has announced a $100,000 scholarship donation in partnership with Alabama A&M University to support students pursuing careers in engineering and physical sciences. This donation will benefit two incoming freshmen enrolled in the College of Engineering, Technology and Physical Sciences. Greg Fortier, a VP at SAIC, emphasized the importance of supporting future technology leaders. This collaboration aims to provide educational opportunities regardless of financial circumstances, fostering innovation and transforming STEM fields.