Science Applications Intl Corp Stock Price, News & Analysis

Science Applications International Corp. (NYSE: SAIC) has appointed Heather Wilson as senior vice president of Human Resources and Peter Kidd as senior vice president of Total Rewards, strengthening its HR framework to support company growth. Additionally, Ben Wanjara becomes the corporate controller, responsible for accounting operations and SEC reporting. These appointments reflect SAIC's commitment to enhancing employee experience and aligning its workforce with advanced technology goals. Wilson and Kidd bring significant HR experience from prior roles, while Wanjara's expertise in accounting will guide SAIC in executing its long-term strategy.

Science Applications International Corp. (SAIC) announced the completion of its acquisition of Halfaker and Associates LLC on July 2, 2021, for $250 million in cash. This move strengthens SAIC's digital transformation portfolio and enhances its support capabilities for government healthcare missions. Halfaker, known for its service culture, provides critical digital services and solutions to various government departments, highlighting its position as a top IT provider for the Department of Veterans Affairs. This acquisition is part of SAIC's strategy to boost its leadership in key government sectors.

Science Applications International Corp. (NYSE: SAIC) announced the appointment of Stephen Ambrose as chief climate scientist, a role aimed at enhancing climate solutions for government and industry clients. Ambrose, with over 40 years of experience at organizations like NOAA and NASA, will lead SAIC’s climate program to tackle significant global issues. This appointment underscores SAIC's commitment to addressing climate change via solutions in data science and artificial intelligence, aligning with government efforts to mitigate climate impacts across various sectors.

Science Applications International Corp. (NYSE: SAIC) appointed Milford W. McGuirt to its board of directors, effective July 1, 2021. McGuirt, retired managing partner of KPMG’s Atlanta office, brings 41 years of experience in public accounting and auditing. His role on the Audit Committee and Nominating and Corporate Governance Committee aims to enhance SAIC’s governance and strategic oversight, promoting innovation and collaboration as the company strengthens its digital transformation offerings.

SAIC secured a contract with the U.S. Air Force Life Cycle and Management Center valued at up to $90 million to enhance defenses against small unmanned aircraft systems (sUAS) threats. The contract includes a one-year base period with three optional years, expanding SAIC's existing role in counter-sUAS initiatives for the Department of Defense. Services will include logistics support, system maintenance, and modernization. SAIC aims to leverage its technological expertise to safeguard U.S. forces and support various Combatant Commands.

The Department of Defense Information Analysis Center awarded Science Applications International Corp. (SAIC) a $126 million contract for research and development in modeling and simulation for the U.S. Army Combat Capabilities Development Command. This five-year task order will enhance ground combat systems and support Army modernization efforts. SAIC aims to leverage its expertise in digital engineering and modeling to improve operational effectiveness and readiness.

Halfaker and Associates, a technology solutions provider to the Federal Government, has entered into a definitive agreement to be acquired by Science Applications International Corp (NYSE: SAIC). This acquisition aims to enhance SAIC's capabilities in supporting government healthcare missions, particularly for Veterans. Halfaker, known for its software delivery and Agile development expertise, ranks among the top IT providers for the Department of Veterans Affairs. The deal is expected to bolster their customer-centric focus and expand technical capabilities.

Science Applications International Corporation (SAIC) reported strong first-quarter results for fiscal year 2022, with revenues of $1.878 billion, up 7% year-over-year. Operating income surged 67% to $130 million, and diluted EPS rose to $1.38, reflecting a 123% increase. The company also announced the intent to acquire Halfaker and Associates for $250 million, enhancing its public sector health capabilities. SAIC expects its fiscal year 2022 revenue guidance to be in the range of $7.15 billion to $7.30 billion, while anticipating negative impacts from COVID-19 amounting to approximately $150 million.

Science Applications International Corp. (NYSE: SAIC) announced a definitive agreement to acquire Halfaker and Associates, LLC for $250 million. This acquisition aims to expand SAIC’s digital transformation portfolio, enhancing their services for federal government customers, particularly in health IT. The deal is expected to be accretive to revenue growth in fiscal year 2022, funded through cash on hand and debt. The transaction is anticipated to close by the end of SAIC's second fiscal quarter of 2022.