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Science Applications International Corporation provides technical, engineering, mission IT, enterprise IT and professional services primarily for U.S. government customers. The company operates across defense, space, civilian and intelligence markets, with work that includes secure technology integration, infrastructure modernization, systems sustainment, mission assurance and support for critical national-security and civil-agency operations.
SAIC news commonly covers federal contract awards and task orders, program support for agencies such as the U.S. Navy, NASA and the Government Accountability Office, quarterly and annual financial results, dividends, board and executive changes, and community initiatives connected to veterans and military families.
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.
Science Applications International Corp. (SAIC) is set to release its second quarter fiscal year 2023 results on September 1, 2022, before market open. An executive conference call discussing operational and financial outcomes will follow at 10:00 a.m. ET. The call will be available via webcast, with a supplemental presentation accessible on the SAIC Investor Relations website. SAIC, headquartered in Reston, Virginia, reported approximately $7.4 billion in annual revenues, focusing on technology solutions across defense, space, and intelligence markets.
Science Applications International Corp. (SAIC) has announced the appointment of Hilary L. Hageman as the new Executive Vice President, General Counsel, and Corporate Secretary, effective July 11, 2022. Hageman returns to SAIC after serving as General Counsel at Cubic Corporation. She succeeds Steven G. Mahon, who will retire on September 30, 2022, after serving in the role since 2015. CEO Nazzic Keene praised Mahon for his leadership and expressed confidence in Hageman's capabilities to enhance SAIC's legal affairs.
Science Applications International Corporation (NYSE: SAIC) reported a revenue increase to $2.0 billion, marking a 6% growth compared to last year. However, diluted earnings per share decreased 7% to $1.29. The company raised its revenue and adjusted diluted EPS guidance for fiscal year 2023, projecting revenues between $7.43 billion and $7.55 billion and adjusted diluted EPS of $6.90 to $7.20. The Board approved a share repurchase program of up to 8.8 million shares. The backlog stands at $24.1 billion, with net bookings of $2.0 billion.
The board of Science Applications International Corp. (SAIC) has declared a cash dividend of $0.37 per share. This dividend is payable on July 29, 2022, to stockholders of record on July 15, 2022. SAIC aims to continue quarterly dividends, contingent on future earnings and financial health. The company, headquartered in Reston, Virginia, reported annual revenues of approximately $7.4 billion and focuses on transforming technology across various sectors, including defense and intelligence.
Science Applications International Corp. (NYSE:SAIC) has been awarded a $390 million task order by the General Services Administration for systems engineering and integration services aimed at modernizing the U.S. Space Force's Global Positioning Systems (GPS). This award supports the modernization efforts for both civil and military users, enhancing critical infrastructure. The task order spans a base period of 10 months with options for up to seven additional years. SAIC aims to fulfill operational requirements and bolster the resilience of GPS.
Science Applications International Corp. (NYSE: SAIC) has been ranked as the #1 U.S. government services provider by revenue in both infrastructure implementation and application managed services, according to Gartner’s new Market Share report. This marks the second consecutive year for the top rank in application managed services. Additionally, SAIC is recognized as the #2 provider for application implementation and managed services, while maintaining the #3 position for technology consulting and overall IT services. The company's current annual revenues are approximately $7.4 billion.