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.
Science Applications International Corp (NASDAQ: SAIC) has announced a quarterly cash dividend of $0.37 per share of common stock. The dividend will be payable on October 25, 2024 to stockholders of record as of October 11, 2024. SAIC has expressed its intention to continue paying dividends quarterly, subject to board approval. Future dividend declarations will be determined by the board of directors based on factors including earnings, financial condition, and capital requirements. This announcement demonstrates SAIC's commitment to providing regular returns to its shareholders while maintaining flexibility in its dividend policy.
Science Applications International Corp. (NASDAQ:SAIC) has released its fifth annual Corporate Responsibility Report, showcasing progress in environment, social, and governance (ESG) goals. Key highlights include:
1. Establishment of an Artificial Intelligence Council for responsible AI use
2. Introduction of a Human Rights Policy and updated Supplier Code of Conduct
3. Increased employee volunteering by 10% to 29,000 hours in FY24
4. Improved diversity in leadership: 73% of executive team are women or people of color
5. Achieved near gender pay equity with less than 1% gap
6. Reduced Scope 1 and 2 GHG emissions by 41% since 2019
7. Set new targets: 20% reduction in GHG emissions and 12% reduction in electrical energy use by 2030
The report aligns with global standards including GRI, TCFD, SASB, and UN SDGs, demonstrating SAIC's commitment to transparency and sustainability in its operations.
Science Applications International Corp (NASDAQ: SAIC) has announced its upcoming second quarter fiscal year 2025 earnings release and conference call. The company will issue its financial results before market open on Thursday, September 5, 2024. Following this, SAIC's executive management will host a conference call at 10:00 a.m. Eastern time to discuss the operational and financial results.
The conference call will be webcast live through the Investors Relations section of SAIC's website. Notably, the company will only provide webcast access, with no 'dial-in' option available. A supplemental presentation will also be accessible via the website. After the call, an on-demand audio replay of the webcast will be made available on SAIC's Investors Relations website for those unable to attend the live event.
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.
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