Science Applications Intl Corp Stock Price, News & Analysis

SAIC has released its 2024 Corporate Responsibility Report highlighting significant community engagement and philanthropic initiatives. Employee volunteering reached 29,000 hours in FY24, marking a 10% increase from the previous year and nearly 40% from FY22. The SAIC Foundation, established in 2020, has provided over $280,000 in emergency grants to employees facing financial hardships. The company focuses on four key areas: military and veteran resiliency, STEM education, community wellness, and diversity. A new diversity and inclusion focus was added this year to drive innovation and business performance.

SAIC's fifth annual corporate responsibility report highlights the company's success in integrating innovation, integrity, and inclusion into its operations. CEO Toni Townes-Whitley emphasizes the launch of an enterprise growth strategy and four strategic pivots to drive growth. The report showcases SAIC's commitment to Environmental, Social, and Governance (ESG) goals, ethical practices, and diversity initiatives.

Key achievements include:

• Establishment of an Artificial Intelligence Council and ESG Council
• Introduction of a Human Rights Policy and updated Supplier Code of Conduct
• 29,000 employee volunteer hours in FY24, a 10% increase from the previous year
• 73% of executive leadership team comprised of women or people of color
• 41% reduction in Scope 1 and 2 greenhouse gas emissions since 2019

The report underscores SAIC's dedication to customer service, employee development, and environmental responsibility while delivering value to the business.

SAIC's 2024 Corporate Responsibility Report highlights the company's strong corporate governance practices. The report emphasizes SAIC's commitment to integrity, innovation, and inclusion. Key points include:

- SAIC's Board of Directors consists of 11 members, with 10 being independent.
- The Board is chaired by Donna Morea, a non-executive director.
- 45.5% of Board members identify as women, and 54.5% as men.
- Four Board members self-identify as from underrepresented races or ethnicities.
- The Board adheres to strict ethical standards and undergoes regular evaluations.
- SAIC has an Artificial Intelligence Council to ensure responsible use of AI.

The report underscores SAIC's dedication to transparency, accountability, and ethical business practices in service of its shareholders, employees, customers, and other stakeholders.

SAIC and Wind River have expanded their strategic partnership to deliver advanced technologies to government customers, focusing on accelerating mission-oriented integration and enhancing functionality in systems for the U.S. Army and other government entities. The collaboration will cover various areas including digital engineering, DevSecOps, Linux, and cloud-based command and control operations.

This partnership builds on over a decade of cooperation supporting U.S. Army embedded software development at Redstone Arsenal. It aims to speed up the development of mission solutions and provide secure, safe, and reliable mission-critical systems across multiple applications. The collaboration is expected to contribute significantly to Army modernization efforts, empowering the Army with integrated solutions for Multi-Domain Operations.

Science Applications International Corp (SAIC) has released its 2024 Corporate Responsibility Report, highlighting the growth and impact of its Employee Resource Groups (ERGs). In FY24, ERG membership increased by 14.4%, with 12.3% of the workforce belonging to at least one ERG. SAIC aims to have 20% of its workforce as ERG members by the end of FY26.

The report details seven ERGs: Accessibility, Connect & Grow, Equality Alliance, Military/Veteran, Multicultural, STEM, and Women's. These groups focus on various initiatives, including disability awareness, professional development, LGBTQ+ support, veteran advocacy, cultural celebration, STEM promotion, and women's empowerment. Notable achievements include raising funds for charities, organizing community events, and providing resources for underrepresented groups within the company.

SAIC's 2024 Corporate Responsibility Report highlights the company's commitment to community partnerships and employee volunteering. Key points include:

• Employee engagement survey achieved highest overall score in four years, exceeding national benchmark by 6%
• Employees volunteered 29,000 hours in FY24, a 10% increase from the previous year
• SAIC donated over $3.2 million in FY23 to various causes
• Partnerships focus on military and veteran resiliency, STEM education, community wellness, and diversity
• Notable initiatives include Building Homes for Heroes, USO support, Astronaut Scholarship Foundation, and Feeding America partnership
• SAIC committed $1.5 million to Alabama's STEM education in 2022
• Ten-year partnership with Feeding America has provided approximately 25 million meals

The report emphasizes SAIC's dedication to creating a positive employee experience and making a significant impact in communities through various philanthropic efforts and partnerships.

SAIC's 2024 Corporate Responsibility Report highlights the company's commitment to diversity, equity, and inclusion (DE&I). Key achievements include:

- Achieving gender pay parity with less than 1% gap for non-executive employees

- Reaching 28% women in leadership roles, meeting their FY26 parity goal

- Increasing people of color in leadership to 25%, a 2% improvement

- Spending over $420 million with small, diverse-owned businesses

SAIC focuses on attracting and retaining top talent through meaningful work, professional development, and inclusive culture. The company offers various leadership programs and partners with organizations to promote diversity. SAIC has been recognized by Forbes, Newsweek, and other institutions for its inclusive workforce practices.

Science Applications International Corp. (NASDAQ: SAIC) has secured a new $229 million contract from the U.S. Department of Defense for the NORAD/USNORTHCOM Information Technology Enterprise Services (NITES) program. The contract focuses on providing critical IT solutions to advance the defense capabilities of NORAD and U.S. Northern Command.

SAIC will leverage its recent success in NORAD command and control modernization through the ABMS Cloud Based Command and Control program to enhance NORAD's Enterprise IT capability. The company will deploy skilled professionals and solutions in various areas, including IT service management, network modernization, automation of existing IT systems, cloud migration, and cybersecurity.

SAIC's 2024 Corporate Responsibility Report highlights the company's efforts in attracting, developing, and nurturing talent. Key initiatives include:

1. Creation of social communities of interest for employee support and informal training.

2. Emphasis on workplace flexibility, offering remote and hybrid options.

3. Focus on employee engagement and retention through an inclusive culture.

4. Strong employee referral program, with 32% of new hires coming from referrals in FY24.

5. Significant investment in employee development, with approximately 155,000 training hours completed in FY24.

These initiatives aim to enhance employee well-being, reduce environmental impact, and maintain SAIC's position as an industry leader in employee retention.