Science Applications Intl Corp Stock Price, News & Analysis

SAIC (NASDAQ: SAIC) and Defense Unicorns have announced a strategic partnership to enhance software delivery capabilities for the Department of Defense (DoD). The collaboration centers on integrating Defense Unicorns' Unicorn Delivery Service (UDS) into SAIC's existing software ecosystem.

The partnership aims to address critical challenges in DoD software deployment, including fragmented processes, prolonged integration timelines, and inconsistent security standards. By implementing UDS as the standard delivery platform, the partnership promises to:

• Reduce software delivery timelines from months to weeks or days
• Provide secure, repeatable, and portable solutions
• Streamline deployment across cloud, on-premises, and tactical edge environments
• Automate deployment and accelerate compliance

SAIC brings 50 years of technology integration experience to scale UDS across complex defense programs, while Defense Unicorns contributes its automated software delivery expertise.

SAIC (NASDAQ: SAIC) has announced its upcoming fourth quarter fiscal year 2025 earnings release and conference call schedule. The company will release its financial results before market open on Monday, March 17, 2025, followed by a conference call at 10:00 a.m. Eastern time where executive management will discuss operational and financial results.

The conference call will be accessible via webcast through the Investors Relations section of SAIC's website. No dial-in access will be provided, but the company will make a supplemental presentation available on their website. An on-demand audio replay of the webcast will be accessible through the SAIC Investors Relations website after the call concludes.

SAIC has released its 2024 Corporate Responsibility Highlights focusing on sustainability achievements and goals. The company has reduced its carbon emissions by over 41% since 2019 and decreased electricity usage by 7% in 2023. Key initiatives include responsible procurement, e-waste management, and paper-saving practices.

The company is working towards diverting 50% of waste from landfills by 2025 and exploring renewable energy opportunities. SAIC partners with NASA to monitor Earth's conditions and with NOAA to track ocean health and provide tsunami warnings through deep-sea sensors. Their sustainability efforts combine daily operational improvements with innovative solutions for environmental challenges.

SAIC (NASDAQ: SAIC) has secured a new $170.9 million contract from the State of Texas' Department of Information Resources (DIR) to provide cybersecurity services for state agency networks. The company will deliver security operations services, including maintenance and deployment of security tools, environment monitoring, risk management, and compliance oversight.

This contract expands SAIC's growing partnership with state and local governments, adding to their existing IT and cybersecurity services portfolio with clients in Virginia, Colorado, and California. As the prime contractor, SAIC will focus on implementing cutting-edge technologies to enhance service delivery and address emerging threats.

SAIC has secured a prime position on the $1.8 billion Personnel and Readiness Infrastructure Support Management (PRISM) Multiple Award Task Order Contract for the Department of Defense. The contract includes one base year plus four option years, supporting the Office of the Undersecretary of Defense for Personnel and Readiness (OUSD P&R) and its strategic partners.

The PRISM contract implements Streamline Task Order Ordering Procedures (STOOP), designed to reduce acquisition lead time and increase process flexibility. SAIC will focus on enhancing OUSD P&R's operational capabilities through technology integration, data analytics, and mission support services, aiming to optimize readiness and strengthen defense personnel framework.

SAIC has unveiled its comprehensive ESG strategy, outlining a three-year rolling plan focused on corporate responsibility and sustainability. The strategy, informed by stakeholder input and a 2023 materiality assessment, rests on three strategic pillars designed to create long-term value.

The company's ESG vision aims to establish SAIC as an industry leader in corporate responsibility, while its mission focuses on delivering business value through environmental stewardship, social responsibility, and workforce engagement. Key material areas identified include:

• Ethics and Compliance
• Cybersecurity, Data Security and Privacy
• Corporate Culture
• Employee Well-being and Talent Management
• Corporate Governance
• Diversity, Equity and Inclusion

The strategy emphasizes stakeholder engagement through business strategy sharing, direct feedback, and targeted partnerships to address specific opportunities.

SAIC reported strong Q3 FY2025 results with revenues of $1.98 billion, representing a 4.3% growth. Net income reached $106 million with adjusted EBITDA of $197 million (10.0% of revenues). The company achieved diluted earnings per share of $2.13 and adjusted diluted EPS of $2.61.

Key highlights include operating cash flows of $143 million, net bookings of $1.5 billion with a book-to-bill ratio of 0.7, and a significant $1.2 billion share repurchase program authorization. SAIC increased its FY2025 guidance for Revenue and Adjusted Diluted EPS, now expecting to exceed $25B in submissions compared to the prior $22B target.

Science Applications International Corp (SAIC) has announced that its board of directors has declared a quarterly cash dividend of $0.37 per share. The dividend will be paid on January 24, 2025, to stockholders of record as of January 10, 2025. The company expressed its intention to continue paying dividends quarterly, though future declarations will be subject to board approval and dependent on various factors including earnings, financial condition, and capital requirements.

SAIC has appointed John K. Tien, Jr., a U.S. Army veteran and former Deputy Secretary of Homeland Security, to its Board of Directors effective December 2, 2024. Tien will serve on the Board's Nominating and Corporate Governance Committee, expanding the board from eleven to twelve members. He brings extensive experience from government, military, and corporate sectors, including roles at DHS, Citigroup, and three presidential administrations. Currently, Tien serves as a distinguished professor at Georgia Institute of Technology and senior fellow at Harvard Kennedy School. He holds degrees from West Point, Oxford University as a Rhodes Scholar, and completed a National Security Fellowship at Harvard Kennedy School.