Science Applications Intl Corp Stock Price, News & Analysis

Science Applications International Corp. (NASDAQ: SAIC) has been awarded three contracts worth $58.2M to support the U.S. Navy's Airborne Electronic Attack (AEA) programs. The contracts cover the JATO Program, International Program, and EA-18G Program. SAIC will provide technical services including jammer technique development, test and evaluation engineering, and threat analysis for the JATO contract. For the International contract, SAIC will maintain AEA simulations and support Foreign Military Sales. The EA-18G contract involves engineering services for both U.S. Navy and FMS configurations. These contracts demonstrate SAIC's commitment to delivering mission-critical solutions to the Naval Air Warfare Center Weapons Division at Point Mugu, California.

Science Applications International Corp. (SAIC) has been awarded a $120 million, five-year contract by Naval Supply Systems Command to support the U.S. Navy's Tactical Training Group Pacific (TTGP) fleet training mission. SAIC will provide advanced tactical training to deploying Navy personnel, focusing on improving proficiency in war fighting and joint operations.

The contract encompasses Fleet Synthetic Training (FST), Live-Virtual-Constructive (LVC) war game development and execution, and subject matter expert classroom instruction. SAIC has been supporting Navy tactical training since 1992 and will continue to offer professional technical services for both East and West coast Tactical and Expeditionary Warfare school houses.

Science Applications International (SAIC) announced its first-quarter fiscal year 2025 results. The company reported revenues of $1.85 billion, reflecting a 0.4% organic growth. Net income stood at $77 million, with an adjusted EBITDA of $166 million, making up 9.0% of total revenues. Diluted earnings per share were $1.48, and adjusted diluted EPS was $1.92. Cash flows from operations amounted to $98 million, though transaction-adjusted free cash flow was $21 million. Net bookings were recorded at $2.6 billion, with a book-to-bill ratio of 1.4. The company reaffirmed its fiscal year 2025 guidance. Key new contracts included a $444 million award from the U.S. Space Force and significant recompete awards from NASA and the U.S. Navy. CEO Toni Townes-Whitley highlighted the initiation of a multi-year growth strategy introduced at the 2024 Investor Day, aimed at maximizing long-term shareholder value. Additionally, SAIC appointed Srinivas “Srini” Attili as EVP for the Civilian Business Group.

Science Applications International Corp. (SAIC) declared a cash dividend of $0.37 per share of common stock.

The dividend will be payable on July 26, 2024, to stockholders of record on July 12, 2024. SAIC plans to maintain a quarterly dividend payment schedule, but future declarations will depend on various factors, including earnings and financial condition.

Science Applications International Corp. (NASDAQ: SAIC) has launched Tenjin GPT, a generative AI resource designed to enhance internal operations. This AI tool, part of SAIC's Tenjin data science platform, leverages OpenAI's GPT model to automate tasks, streamline processes, and provide valuable insights from large datasets. SAIC aims to boost employee productivity, creativity, and collaboration while upskilling its workforce. The AI initiative aligns with ethical governance standards and is powered by Microsoft's Azure AI for secure and scalable integration. Currently used internally, Tenjin GPT has potential applications for customer infrastructure.

Science Applications International Corp. (NASDAQ: SAIC) will release its first quarter fiscal year 2025 results on Monday, June 3, 2024, before market open. At 10:00 a.m. Eastern time, SAIC's executive management will discuss the operational and financial results in a conference call webcasted live via the SAIC Investor Relations website.

The company will not offer dial-in access, but a supplemental presentation and an on-demand audio replay of the webcast will be available on the Investor Relations website.

Science Applications International Corp. (SAIC) has secured a $232 million contract from the U.S. Army to develop signals intelligence and electronic warfare systems. The contract aims to enhance the DTIC repository and support the R&D and S&T community, focusing on addressing emerging battlefield challenges. SAIC will provide critical systems engineering and IT modernization services over a five-year period.