Science Applications Intl (SAIC) Stock News

SAIC (NASDAQ: SAIC) has announced the launch of eligibilityNOW, a comprehensive claims management solution developed in partnership with Xerox. The AI-powered platform is designed to revolutionize government benefits claims processing by improving speed and accuracy for adjudicators.

The solution combines Xerox Intelligent Data Processing and SAIC's Intelligent Document Management to digitize, validate, route, and securely store claims data in the cloud. Targeting organizations like the Department of Veterans Affairs and Department of Health and Human Services, eligibilityNOW aims to address critical eligibility backlogs and streamline the benefits claims lifecycle.

SAIC (NASDAQ: SAIC), the nation's leading mission integrator, has appointed David Urban to its Board of Directors, effective September 15, 2025. Urban, a former senior advisor to President Trump and political strategist, brings extensive experience in government, military, legal, and public sectors.

Urban will serve on the Board's Audit Committee, expanding SAIC's Board from eleven to twelve members. He currently serves as Managing Director at BGR Group, Of Counsel at Torridon Law, and Senior Political Commentator for CNN. His experience includes advising major companies like Lockheed Martin, Zoom, Comcast, and ByteDance on public policy, strategic communications, corporate governance, and risk management.

SAIC (NASDAQ: SAIC) has announced a strategic collaboration with ServiceNow to launch a new government risk reduction effort (RRE) offering for mission operations. The partnership integrates ServiceNow's AI Platform into SAIC's mission labs to help U.S. armed forces, intelligence, and civilian agencies transform their IT risk management.

The collaboration aims to achieve zero outages, downtime, or incidents through real-time intelligence, issue prediction, and process automation. SAIC, as ServiceNow's Elite partner, currently leads the largest federal implementation through the Army Enterprise Service Management Platform (AESMP), demonstrating its capability to deliver enterprise-scale solutions.

SAIC (NASDAQ: SAIC) has secured a significant $928 million contract from the U.S. Air Force Tactical Exploitation of National Capabilities (AF TENCAP). The HOPE 2.0 contract, spanning five years starting July 2025, focuses on prototype engineering and mission integration services.

The company will provide comprehensive Research, Development, Test, and Evaluation services to create near program-ready prototypes, leveraging advanced commercial technologies for improved warfighting capabilities. Key focus areas include sensor and data fusion, command and control improvements, and innovative cyberspace capabilities, supporting 65 agencies and commands across the DoD and Intelligence Community.

SAIC reported Q1 FY2026 results with revenues of $1.88 billion, representing 2% growth year-over-year. The company achieved net bookings of $2.4 billion with a book-to-bill ratio of 1.3. Net income was $68 million, down 12% YoY, while adjusted EBITDA reached $157 million (8.4% of revenues). Diluted EPS was $1.42, and adjusted diluted EPS remained stable at $1.92. Notable contract wins included a $1.8B U.S. Army contract and a $327M Pension Benefit Guaranty Corporation deal. Management reaffirmed FY2026 guidance with expected revenue of $7.60B-$7.75B and adjusted EBITDA of $715M-$735M. The company deployed $152M in capital, including $125M in share repurchases and declared a quarterly dividend of $0.37 per share.

Science Applications International Corp (SAIC) has announced a quarterly cash dividend of $0.37 per share, payable on July 25, 2025, to stockholders of record as of July 11, 2025. The company has expressed its intention to maintain quarterly dividend payments, though future declarations will be subject to board approval and various factors including earnings, financial condition, and capital requirements. This regular dividend announcement demonstrates SAIC's commitment to providing consistent shareholder returns.

SAIC (NASDAQ: SAIC) has announced it will release its first quarter fiscal year 2026 earnings results before market open on Monday, June 2, 2025. The company will host a conference call at 10:00 a.m. Eastern time where executive management will discuss operational and financial results.

The conference call will be accessible via webcast through SAIC's Investor Relations website section. No dial-in access will be provided. A supplemental presentation will be available on the website, and an on-demand audio replay of the webcast will be accessible after the call concludes.

Building Homes for Heroes, along with partners SAIC (NASDAQ: SAIC) and Amazon Web Services, announced they will pay off the mortgage for the family of fallen U.S. Army Special Forces Sergeant Major Anders Johansson, who died in a vehicle accident on December 26, 2024. The announcement came during the inaugural National Capital Classic golf fundraiser, which raised over $300,000 for the organization.

The mortgage payoff will provide financial stability for Johansson's wife Sarah and their four children, including a 16-year-old son who was critically injured in the accident. Sergeant Major Johansson served nearly 22 years in the military, earning multiple awards including a Silver Star, Legion of Merit, eight Bronze Stars, and a Purple Heart. Building Homes for Heroes aims to construct and gift up to 50 homes in 2025, assist 5,000 veterans and first responders, and reach their 500th home gift milestone by 2026.

SAIC has secured a new $55 million contract from the Space Development Agency (SDA) for the Proliferated Warfighter Space Architecture (PWSA) Tranche 3 Program Integration. The five-year contract, starting May 1, 2025, focuses on integrating multiple space layers, ground segments, and operational users for enhanced warfighter capabilities.

The PWSA constellation will provide global communications access, missile defense, augmented Position, Navigation and Timing, and 24/7 target custody. SAIC will manage enterprise requirements, schedule, engineering, technical reviews, and risk assessment. This builds on SAIC's existing work with SDA on the Battle Management Command, Control and Communications program.