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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) will participate in Citi's 2021 Global Industrial Virtual Conference on February 17, 2021. CEO Nazzic Keene and CFO Prabu Natarajan will engage in a Q&A session from 11:20 a.m. to 12:00 p.m. ET. The event will be available via a live audio webcast, which will be accessible for 90 days on SAIC's Investor Relations website.
SAIC has secured an $830 million contract to provide hardware in-the-loop (HWIL) aviation systems engineering services for the U.S. Army's DEVCOM AvMC over a potential 5.5 years. This contract will support systems engineering and integration across various military branches and government entities. Key areas of focus will include life cycle support for both manned and unmanned systems, covering aspects like design, development, and maintenance. SAIC continues to expand its footprint in military modernization efforts, especially in Huntsville, Alabama.
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Science Applications International Corp. (NYSE: SAIC) announced its participation in the Cowen and Company 42nd Annual Aerospace/Defense and Industrials Conference. CEO Nazzic Keene and CFO Prabu Natarajan will engage in a Q&A session on February 11, from 9:20 a.m. to 10:00 a.m. ET. A live audio webcast will be accessible via SAIC's Investor Relations website and available for replay for 90 days. SAIC is a technology integrator with approximately $7.1 billion in pro forma annual revenues, specializing in defense, space, civilian, and intelligence markets.
On January 25, 2021, Parsons Corporation (NYSE: PSN) announced its leadership of an industry team, including Leidos (NYSE: LDOS) and SAIC (NYSE: SAIC), for a 10-year, $953 million contract with the U.S. Air Force. This initiative aims to design and maintain Air Base Air Defense (ABAD) systems across Europe and Africa, addressing emerging asymmetric threats. The team will utilize advanced technologies and an open architecture approach to enhance air base defense capabilities, ensuring protection for military assets in contested environments.
Science Applications International Corporation (NYSE: SAIC) reported robust financial results for the third quarter ending October 30, 2020, with revenues increasing 11% to $1.818 billion, driven by acquisitions and new contracts. Operating income rose 17% to $110 million, while diluted earnings per share increased to $1.02. The company experienced a book-to-bill ratio of 2.7, with net bookings around $5.0 billion. However, COVID-19 impacted approximately $60 million in revenue. The Board declared a cash dividend of $0.37 per share, payable on January 29, 2021.
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Science Applications International Corp. (NYSE: SAIC) will showcase its training and simulation solutions, including its in-SITE microlearning platform, at the 2020 I/ITSEC conference. The company highlights its innovative approaches to training, notably through partnerships with the U.S. Air Force and Army National Guard, achieving significant training milestones during the COVID-19 pandemic. Their solutions are utilized by various military branches, enhancing performance through advanced technologies. Noteworthy contracts include a $737 million support deal with the Air Force and a $750 million task order for the Army National Guard.
Science Applications International Corp. (NYSE: SAIC) has secured a task order valued at $973 million from U.S. Customs and Border Protection (CBP) for the operation and enhancement of its security systems. The task order, awarded under the General Services Administration’s Alliant 2 contract, encompasses a one-year base period with four additional one-year options and a potential six-month extension. SAIC aims to leverage cloud, machine learning, and AI to improve the efficiency of CBP's targeting systems, enhancing the identification of potential security threats.