Welcome to our dedicated page for Science Applications Intl news (Ticker: SAIC), a resource for investors and traders seeking the latest updates and insights on Science Applications Intl stock.
Science Applications International Corporation (SAIC) (NASDAQ: SAIC) is a Fortune 500 mission integrator and technology company serving defense, space, intelligence, and civilian customers. This news page aggregates company announcements, contract awards, earnings updates, and strategic developments that shape the SAIC stock story.
Recent SAIC news highlights include major U.S. government contracts and organizational changes. The company has reported awards such as the COBRA (Collaborative Operations for Battlespace Resilient Architecture) task order supporting multi-domain command and control, and a contract from the Naval Undersea Warfare Center to operate, maintain, and upgrade propulsion test facilities for undersea weapons and vehicles. SAIC has also announced collaborations, such as its partnership with HavocAI to connect autonomous maritime fleets to joint command and control infrastructure using its Joint Range Extension system.
Investors and observers can follow SAIC’s quarterly earnings releases, where the company reports revenues, margins, bookings, backlog, and cash flow metrics, along with commentary on program performance and capital deployment, including share repurchases and dividends. News items also cover leadership changes, including the appointment of an interim Chief Executive Officer and a Chief Growth Officer, and organizational restructuring intended to simplify the company’s structure and sharpen its focus on growth and shareholder value creation.
Additional coverage includes announcements about acquisitions, such as the agreement to acquire SilverEdge Government Solutions to expand mission-focused, IP-based solutions and commercial products for national security missions. By reviewing this news feed, readers can track how SAIC’s mission IT, enterprise IT, engineering services, and professional services evolve across defense, space, civilian, and intelligence markets over time.
SAIC (NASDAQ: SAIC) has announced its upcoming fourth quarter fiscal year 2025 earnings release and conference call schedule. The company will release its financial results before market open on Monday, March 17, 2025, followed by 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 the Investors Relations section of SAIC's website. No dial-in access will be provided, but the company will make a supplemental presentation available on their website. An on-demand audio replay of the webcast will be accessible through the SAIC Investors Relations website after the call concludes.
SAIC has released its 2024 Corporate Responsibility Highlights focusing on sustainability achievements and goals. The company has reduced its carbon emissions by over 41% since 2019 and decreased electricity usage by 7% in 2023. Key initiatives include responsible procurement, e-waste management, and paper-saving practices.
The company is working towards diverting 50% of waste from landfills by 2025 and exploring renewable energy opportunities. SAIC partners with NASA to monitor Earth's conditions and with NOAA to track ocean health and provide tsunami warnings through deep-sea sensors. Their sustainability efforts combine daily operational improvements with innovative solutions for environmental challenges.
SAIC (NASDAQ: SAIC) has secured a new $170.9 million contract from the State of Texas' Department of Information Resources (DIR) to provide cybersecurity services for state agency networks. The company will deliver security operations services, including maintenance and deployment of security tools, environment monitoring, risk management, and compliance oversight.
This contract expands SAIC's growing partnership with state and local governments, adding to their existing IT and cybersecurity services portfolio with clients in Virginia, Colorado, and California. As the prime contractor, SAIC will focus on implementing cutting-edge technologies to enhance service delivery and address emerging threats.
SAIC has secured a prime position on the $1.8 billion Personnel and Readiness Infrastructure Support Management (PRISM) Multiple Award Task Order Contract for the Department of Defense. The contract includes one base year plus four option years, supporting the Office of the Undersecretary of Defense for Personnel and Readiness (OUSD P&R) and its strategic partners.
The PRISM contract implements Streamline Task Order Ordering Procedures (STOOP), designed to reduce acquisition lead time and increase process flexibility. SAIC will focus on enhancing OUSD P&R's operational capabilities through technology integration, data analytics, and mission support services, aiming to optimize readiness and strengthen defense personnel framework.
SAIC has unveiled its comprehensive ESG strategy, outlining a three-year rolling plan focused on corporate responsibility and sustainability. The strategy, informed by stakeholder input and a 2023 materiality assessment, rests on three strategic pillars designed to create long-term value.
The company's ESG vision aims to establish SAIC as an industry leader in corporate responsibility, while its mission focuses on delivering business value through environmental stewardship, social responsibility, and workforce engagement. Key material areas identified include:
- Ethics and Compliance
- Cybersecurity, Data Security and Privacy
- Corporate Culture
- Employee Well-being and Talent Management
- Corporate Governance
- Diversity, Equity and Inclusion
The strategy emphasizes stakeholder engagement through business strategy sharing, direct feedback, and targeted partnerships to address specific opportunities.
SAIC reported strong Q3 FY2025 results with revenues of $1.98 billion, representing a 4.3% growth. Net income reached $106 million with adjusted EBITDA of $197 million (10.0% of revenues). The company achieved diluted earnings per share of $2.13 and adjusted diluted EPS of $2.61.
Key highlights include operating cash flows of $143 million, net bookings of $1.5 billion with a book-to-bill ratio of 0.7, and a significant $1.2 billion share repurchase program authorization. SAIC increased its FY2025 guidance for Revenue and Adjusted Diluted EPS, now expecting to exceed $25B in submissions compared to the prior $22B target.
Science Applications International Corp (SAIC) has announced that its board of directors has declared a quarterly cash dividend of $0.37 per share. The dividend will be paid on January 24, 2025, to stockholders of record as of January 10, 2025. The company expressed its intention to continue paying dividends quarterly, though future declarations will be subject to board approval and dependent on various factors including earnings, financial condition, and capital requirements.
SAIC has appointed John K. Tien, Jr., a U.S. Army veteran and former Deputy Secretary of Homeland Security, to its Board of Directors effective December 2, 2024. Tien will serve on the Board's Nominating and Corporate Governance Committee, expanding the board from eleven to twelve members. He brings extensive experience from government, military, and corporate sectors, including roles at DHS, Citigroup, and three presidential administrations. Currently, Tien serves as a distinguished professor at Georgia Institute of Technology and senior fellow at Harvard Kennedy School. He holds degrees from West Point, Oxford University as a Rhodes Scholar, and completed a National Security Fellowship at Harvard Kennedy School.
Science Applications International Corp (SAIC) has announced significant progress in its environmental sustainability initiatives. The company has reduced electrical energy consumption by 7.14% in 2023 from 2022 levels, achieving a total consumption of 25,833,192 kWh. SAIC has expanded its emissions reporting to include Scope 3 categories in 2023, adding Employee Commuting and Fuel and Energy Related Activity Emissions to their existing Business Travel and Leased Assets reporting. The company implements various sustainability practices, including a sustainable procurement program, responsible electronic waste disposal, and paper reduction initiatives through double-sided printing and recycled paper usage.
SAIC (NASDAQ: SAIC) has announced it will release its third quarter fiscal year 2025 results before market open on December 5, 2024. The company will host a conference call at 10:00 a.m. Eastern time to discuss operational and financial results. The call will be accessible via webcast through SAIC's Investor Relations website, with no dial-in option available. A supplemental presentation and on-demand audio replay will be provided on the website. SAIC is a Fortune 500 technology integrator with annual revenues of approximately $7.4 billion and 24,000 employees, focusing on defense, space, civilian, and intelligence markets.