Science Applications Intl Corp Stock Price, News & Analysis

Science Applications International Corporation (SAIC) will release its third quarter fiscal year 2022 results on December 6, 2021, before the market opens. The management will discuss financial and operational results in a conference call starting at 10:00 a.m. ET. The call will be available via webcast, with no dial-in option. A supplemental presentation will also be accessible to the public. An on-demand audio replay will be available on the SAIC Investor Relations website after the call.

Science Applications International Corp. (SAIC) has been awarded a contract to compete for task orders worth up to $93 million for the U.S. Navy’s Tactical Integrated Threat/Target Training Systems (TTS) program. This five-year, indefinite-delivery / indefinite-quantity contract focuses on research and development, engineering, and sustainment of tactical threat systems to elevate Navy aircrew effectiveness and survivability. The project is expected to be completed by September 2026, enhancing SAIC's long-term engagement with military contracts.

Science Applications International Corp. (SAIC) CEO Nazzic Keene has received the 2021 Technology Good Scout Award from the Boy Scouts of America. The award recognizes her commitment to advancing technology and embodies the Scout values of integrity and trustworthiness. Keene is the first female recipient and will accept the award at a reception in Tysons Corner, Virginia. The NCAC emphasizes the importance of outdoor activities for youth, with over 36,000 scouts participating in adventures promoting physical and mental health.

Science Applications International Corp. (NYSE:SAIC) raised over $385,000 during Hunger Action Month in September, equating to 3.8 million meals for those facing food insecurity in the U.S. Employees contributed more than $205,000 through fundraising activities and donations, marking the highest amount raised in the eight-year partnership with Feeding America. The initiative addresses urgent hunger challenges exacerbated by the COVID-19 pandemic, as 38 million Americans confront food insecurity according to the USDA.

Science Applications International Corp. (NYSE: SAIC) has appointed Vernon Saunders as senior vice president of its National Intelligence Community Business Unit. He brings significant experience from roles at prominent organizations like Huntington Ingalls and Jacobs National Security Solutions. Reporting to Michael LaRouche, Saunders aims to enhance SAIC's capabilities in cloud, application security, data analytics, digital engineering, and digital transformation. With SAIC’s 50-year history in the intelligence sector, this leadership change is expected to strengthen their position in the market.

Science Applications International Corp. (SAIC) has appointed Kevin Brown as its new Chief Information Security Officer (CISO). With decades of experience in cybersecurity, including previous roles at Boston Scientific and Raytheon, Brown will manage SAIC's cybersecurity strategy, covering aspects like incident response and business resilience. He will report to Nathan Rogers, SAIC’s CIO. Brown, a U.S. Navy veteran, holds degrees from The George Washington University and the U.S. Naval Academy. SAIC reported pro forma annual revenues of approximately $7.1 billion.

Science Applications International Corp. (NYSE: SAIC) announced an enhanced employee benefits package for 2022, emphasizing flexibility and support for families. Key initiatives include:

• Flexible Work Arrangements: Introduction of a 4-day workweek and increased telecommuting options.
• Juneteenth Holiday: Paid recognition of Juneteenth to support diversity and inclusion.
• Paid Family Leave: Increased leave for family care and subsidized backup childcare.
• Healthcare Costs: No increase in employee medical premiums for the second consecutive year.

Science Applications International Corp. (NYSE: SAIC) announced that its U.S. Air Force client won the inaugural International Data Corporation (IDC) 2021 Future of Digital Innovation Award in the government category for the Virtual Mission Trainer (VMT). This extended-reality training platform has allowed pilots to conduct 95% of their training activities during the COVID-19 pandemic. VMT reduced training duration from 12 to 6 months and enabled solo flights 40% sooner than traditional methods, showcasing significant advancements in pilot training efficiency.

Science Applications International Corporation (NYSE: SAIC) reported Q2 revenue of $1.836 billion, marking a 4.1% increase year-over-year. Diluted earnings per share rose to $1.41, up 62% from $0.87. Adjusted diluted EPS increased by 21% to $1.97. Net bookings totaled $1.6 billion with a book-to-bill ratio of 0.9. The company raised its full-year 2022 revenue guidance to $7.30 billion - $7.40 billion, reflecting an anticipated COVID-19 impact of $125 million. SAIC's backlog stands at approximately $24 billion, with significant contract awards in defense and intelligence sectors.