Welcome to our dedicated page for Science Applications International Corporation news (Ticker: $SAIC), a resource for investors and traders seeking the latest updates and insights on Science Applications International Corporation stock.
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News
Rhea-AI Summary
Science Applications International Corp. (SAIC) has been awarded a $375 million contract by the U.S. Navy to provide Command, Control, Communications, Computers (C4) Intelligence, Surveillance and Reconnaissance (ISR) fielding and integration on land-based vehicle platforms to support Naval Information Warfare Center Atlantic (NIWC Atlantic). This five-year contract will involve production-engineering, integration, installation, logistical, and programmatic support required to enable C4ISR fielding and integration on numerous land-based vehicle platforms across multiple Department of Defense services at both continental U.S. and overseas locations.
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End-of-Day
0.45%
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Science Applications International Corp. (SAIC) (NYSE: SAIC) has been awarded a $63 million contract from the U.S. Navy to provide research, development, test and evaluation for Strategic Systems Programs and the Naval Surface Warfare Center Crane. The contract aims to support hypersonics advanced concepts and strategic mission solutions for the Navy’s Strategic Systems Programs and the Naval Surface Warfare Center Crane. SAIC will enhance hypersonics advanced concepts and strategic missions focused on next-generation systems, subsystems, components, features, and technologies. The company will also provide support in developing unique test capabilities, assessing and addressing technology gaps, recommending requirements and solutions for hypersonics advanced concepts and strategic mission areas, and identifying critical enabling technologies. SAIC's work will drive quick-reaction analysis and rapid engineering principals across Department of Defense hypersonic advanced concepts and strategic mission initiatives to enable continued technological superiority.
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End-of-Day
-0.1%
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Science Applications International Corporation (SAIC) (NYSE: SAIC) announced a reorganization, replacing two current business sectors with five new business groups: Army; Navy; Air Force and Combatant Commands; Space and Intelligence; and Civilian. The new structure aims to reduce hierarchy, increase innovation, expand business development, and gain greater customer intimacy. SAIC's CEO, Toni Townes-Whitley, expressed confidence in the company's ability to bring innovative solutions to market, prioritize growth, and deliver significant long-term value for shareholders, customers, and employees.
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0.02%
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Science Applications International Corporation (SAIC) reported revenues of $1.90 billion, with 10.6% organic growth adjusted for impact of divestitures. The company's net income was $93 million, and adjusted EBITDA was $178 million or 9.4% as a % of revenues, an increase of 50 bps year-over-year. Diluted earnings per share were $1.76, with adjusted diluted earnings per share of $2.27. Cash flows provided by operating activities were $101 million, and transaction-adjusted free cash flow was $148 million. SAIC also increased revenue and adjusted diluted EPS guidance for fiscal year 2024.
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13.41%
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Science Applications International Corp. (SAIC) announces a cash dividend of $0.37 per share of common stock, payable on January 26, 2024, to stockholders of record on January 12, 2024. SAIC plans to continue quarterly dividends, subject to board approval and financial factors.
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2.14%
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Science Applications International Corp. (NYSE: SAIC) is set to release its Q3 fiscal year 2024 results on December 4, 2023. The executive management will discuss operational and financial results in a webcast conference call at 10:00 a.m. Eastern time. The company will provide webcast access only, with no dial-in access available. A supplemental presentation will also be accessible on the Investor Relations section of the SAIC website.
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1.06%
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Science Applications International Corp. (NYSE: SAIC) has announced new Zero Trust security capabilities that address data, identity, devices, networks, applications, and workloads. These capabilities have been tested on AWS Snowball Edge and AWS Snow Family devices. The company aims to provide multi-level secure data processing and analytics, enabling warfighters to extend their enterprise OCONUS and adopt technologies for mission success. The combined efforts of AWS, SAIC, Koverse, Okta, CrowdStrike, Zscaler, and Splunk offer ready-to-install cybersecurity and Zero Trust technologies that enhance cybersecurity posture at the edge.
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0.32%
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Science Applications International Corp. (NYSE: SAIC) has announced new offerings for Tenjin and additional features for Koverse. The Tenjin offerings enable secure handling and storage of complex sensitive data, while the Koverse features improve data value unlocking for defense and civilian customers. Tenjin's data fusion offering uses Large Language Models (LLMs) to enhance analysts' decision-making, while the NLP offering provides text and voice-focused software tools. Koverse introduces attribute-based access controls (ABAC) and new features for data synchronization, video storage, and edge capability.
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0.48%
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SAIC appoints Lauren Knausenberger as chief innovation officer and Tim Turitto as chief of staff to CEO-elect Toni Townes-Whitley.
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-1.35%
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SAIC awarded $574 million contract with United States Space Force for Ground Based Radar Maintenance and Sustainment Services (GMASS).
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0.06%
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Science Applications International Corporation
NYSE:SAIC
SAIC Rankings
SAIC Stock Data
6.96B
50.92M
0.86%
78.78%
1.01%
Computer Systems Design Services
Professional, Scientific, and Technical Services
United States of America
RESTON
About SAIC
saic is a premier technology integrator providing full life cycle services and solutions in the technical, engineering, intelligence, and enterprise information technology markets. saic is redefining ingenuity through its deep customer and domain knowledge to enable the delivery of systems engineering and integration offerings for large, complex projects. saic’s approximately 15,000 employees are driven by integrity and mission focus to serve customers in the u.s. federal government. headquartered in mclean, virginia, saic has annual revenues of approximately $4.4 billion. for more information, visit saic.com.