Welcome to our dedicated page for Science Applications Intl news (Ticker: SAIC), a resource for investors and traders seeking the latest updates and insights on Science Applications Intl stock.
Science Applications International Corporation (SAIC) (NASDAQ: SAIC) is a Fortune 500 mission integrator and technology company serving defense, space, intelligence, and civilian customers. This news page aggregates company announcements, contract awards, earnings updates, and strategic developments that shape the SAIC stock story.
Recent SAIC news highlights include major U.S. government contracts and organizational changes. The company has reported awards such as the COBRA (Collaborative Operations for Battlespace Resilient Architecture) task order supporting multi-domain command and control, and a contract from the Naval Undersea Warfare Center to operate, maintain, and upgrade propulsion test facilities for undersea weapons and vehicles. SAIC has also announced collaborations, such as its partnership with HavocAI to connect autonomous maritime fleets to joint command and control infrastructure using its Joint Range Extension system.
Investors and observers can follow SAIC’s quarterly earnings releases, where the company reports revenues, margins, bookings, backlog, and cash flow metrics, along with commentary on program performance and capital deployment, including share repurchases and dividends. News items also cover leadership changes, including the appointment of an interim Chief Executive Officer and a Chief Growth Officer, and organizational restructuring intended to simplify the company’s structure and sharpen its focus on growth and shareholder value creation.
Additional coverage includes announcements about acquisitions, such as the agreement to acquire SilverEdge Government Solutions to expand mission-focused, IP-based solutions and commercial products for national security missions. By reviewing this news feed, readers can track how SAIC’s mission IT, enterprise IT, engineering services, and professional services evolve across defense, space, civilian, and intelligence markets over time.
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.
Science Applications International Corp. (NYSE: SAIC) has established a Strategic Advisory Board to enhance growth and innovation. The initial members include David Norquist, Ellen Lord, and Dana Deasy, all with notable backgrounds in the Department of Defense and industry. This board will guide SAIC on customer priorities and potential growth areas. CEO Nazzic Keene expressed confidence in their expertise to drive tech integration for government clients. The company, with pro forma annual revenues of approximately $7.1 billion, aims to leverage digital engineering and AI to tackle national security challenges.
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.
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