Science Applications Intl Corp Stock Price, News & Analysis

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.

SAIC launches its 2021 Hunger Action Month campaign, partnering with Feeding America to address food insecurity worsened by the COVID-19 pandemic. Employees will organize events to raise funds and volunteer at food banks. In 2020, SAIC provided over 3.5 million meals and has contributed $1.5 million in total donations over eight years, translating to 15.3 million meals delivered. The urgency of their mission is underscored by a report indicating 42 million Americans, including 13 million children, will face food insecurity this year.

Science Applications International Corp. (NYSE: SAIC) announced the appointment of Catherine Hernandez-Blades as senior vice president of marketing and communications. With over 25 years in the industry, Hernandez-Blades will oversee SAIC's marketing strategies, public relations, and ESG initiatives. She previously served in leadership roles at Aflac, Raytheon, and Lockheed Martin. Her accolades include an Emmy and recognition from Forbes. Reporting to Michelle O’Hara, Hernandez-Blades' expertise is expected to enhance SAIC’s brand and organizational culture, contributing to the company’s growth strategy.

Science Applications International Corp. (NYSE: SAIC) announced $664 million in contract awards for Q2 FY2022, including a significant $355 million program for intelligence and defense agencies. These contracts focus on digital engineering, cloud, AI, and cybersecurity solutions, showcasing SAIC’s expertise in serving the intelligence community. Notably, a $90 million award from the U.S. Air Force aims to address small unmanned aircraft threats. SAIC’s president highlighted the company's commitment to delivering innovative solutions amidst complex challenges in national security.

Science Applications International Corp. (SAIC) will announce its second quarter fiscal year 2022 results on September 2, 2021, followed by a conference call at 5:00 p.m. EDT. During this call, executive management will discuss operational and financial results with a simultaneous webcast available to the public. SAIC, a leader in technology integration for defense and civilian sectors, boasts annual revenues of approximately $7.1 billion and employs over 26,500 individuals. Additional details and a supplemental presentation will be accessible through the Investor Relations section of the SAIC website.

Science Applications International Corp. (SAIC) has secured an $85 million contract from the U.S. Navy to provide software engineering and cyber support for the Joint Expeditionary Command and Control (JEXC2) systems. This five-year, cost-plus-fixed-fee contract will help design and sustain a portfolio of JEXC2 capabilities, contributing to the Navy's strategic goals in command and control integration. SAIC aims to enhance technological advancements in network virtualization and cloud operations to support Navy Expeditionary Forces.

Science Applications International Corp. (NYSE: SAIC) has launched CloudScend™, an integrated cloud migration solution for federal agencies aimed at accelerating the transition of large-scale workloads to the cloud. Leveraging its expertise, SAIC provides a structured framework including five phases: Explore, Automate, Secure, Migrate, and Optimize, facilitating tailored migration experiences. Key features include automated security protocols and continuous modernization practices, ensuring a robust approach to cloud adoption. For more details, visit www.saic.com/cloudScend.