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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. (NYSE: SAIC) has secured an indefinite-delivery, indefinite-quantity contract valued at approximately $200 million to provide continued laboratory operations and support to the Defense Intelligence Agency (DIA). This contract extends until March 29, 2031, and reflects SAIC's longstanding partnership, exceeding 30 years, with the DIA. The company aims to deliver critical assessments and analysis, enhancing national security and foreign threat mitigation.
Science Applications International Corp. (NYSE: SAIC) is set to release its first quarter fiscal year 2022 results on June 3, 2021, followed by a conference call at 5 p.m. EDT. The call will focus on operational and financial results, with a simultaneous webcast available to the public. SAIC, a leader in technology integration with annual revenues of approximately $7.1 billion, emphasizes its role in driving technological transformation across multiple markets. Stakeholders can access a supplemental presentation on the Investor Relations section of the SAIC website.
Science Applications International Corp. (SAIC) has announced a definitive agreement to acquire Koverse, a software company specializing in data management platforms for AI and machine learning. Founded in 2012, Koverse offers scalable solutions essential for government and regulated commercial sectors, addressing challenges in managing complex data. SAIC's CEO, Nazzic Keene, highlighted the transaction's potential to enhance innovative data modernization offerings across defense, civilian, and intelligence communities. Specific transaction details remain undisclosed.
The U.S. Army awarded Science Applications International Corp. (SAIC) a contract valued at $3.6 billion for engineering services related to hardware-in-the-loop (HWIL) and simulation development. This eight-year contract, potentially extendable by six months, allows SAIC to support the development and testing of embedded systems. This marks SAIC's fourth major award for the Army's S3I Directorate, contributing to a total of over $8.1 billion in contracts in the past year. The work will primarily take place in Huntsville, Alabama.
Science Applications International Corp. (NYSE: SAIC) has secured an $800 million contract from the U.S. Army to provide engineering and professional support services for the Army Combat Capabilities Development Command. This five-year contract entails systems modeling and simulation support for various military branches. The contract emphasizes advanced technologies in modeling, simulation, and systems engineering across multiple locations including Redstone Arsenal and Schriever Air Force Base. SAIC's CEO indicated a commitment to enhancing military capabilities through innovative solutions.
Science Applications International Corporation (NYSE: SAIC) announced its fourth-quarter and full-year results for fiscal 2021, reporting a revenue increase of 11% to $1.717 billion for Q4 and $7.056 billion for the full year. Despite challenges from COVID-19, including a revenue impact of $250 million, net income for the year stood at $209 million. The company declared a quarterly dividend of $0.37 per share and continues to focus on long-term shareholder value through strong cash generation. Fiscal 2022 guidance estimates revenue between $7.1 billion and $7.3 billion.
Science Applications International Corp. (SAIC) has announced the appointment of Dr. Garth Graham to its board of directors, effective March 15. Graham, currently the global head of Healthcare at YouTube and a former U.S. Deputy Assistant Secretary of Health, brings expertise in health equity and digital transformation. His inclusion enhances the board’s diversity, now consisting of 60% women and people of color. Additionally, Mike McGrew has been welcomed as a board fellow, further emphasizing SAIC's commitment to inclusion and innovation in governance.
Science Applications International Corp. (NYSE: SAIC) will release its fourth quarter and full fiscal year 2021 results on March 25, 2021, at market close. A conference call with executive management will begin at 5:00 p.m. Eastern Time to discuss the operational and financial results. The call will be available via webcast on the SAIC Investor Relations website. As a leading technology integrator, SAIC has pro forma annual revenues of approximately $7.1 billion and offers solutions across defense, space, civilian, and intelligence markets.
Science Applications International Corp. (SAIC) has secured a prime contract valued at approximately $120 million from the U.S. Navy. This contract is designated for providing mission engineering and integration support for the production, testing, and delivery of MK48 heavyweight torpedo fuel tanks, effective from October 2020 with a base performance period of 18 months and four option years. The work will be conducted to meet the requirements of both Navy and foreign military sales customers, bolstering SAIC's role in enhancing naval capabilities.
Science Applications International Corp. (NYSE: SAIC) has appointed John Bonsell as the new senior vice president of Government Affairs, effective immediately. Bonsell, who has previously worked with SAIC and has significant experience in government and defense sectors, will focus on supporting SAIC's strategic objectives through engagement with federal and local officials. He succeeds Tom Eldridge, who will retire in April. The company emphasized its commitment to driving digital transformation across various sectors by leveraging its extensive portfolio and expertise.