SAIC Announces CEO Appointment
Rhea-AI Summary
Science Applications International Corporation (Nasdaq: SAIC) appointed James “Jim” Reagan as Chief Executive Officer, effective immediately on Feb. 17, 2026. The Board said the decision was unanimous; Reagan has served as interim CEO since Oct. 2025 and has been a SAIC board member since Jan. 2023.
Reagan brings nearly 40 years of experience with senior finance and transformation roles at Leidos, Vencore, PAE and other government‑services and technology firms, and he emphasized focus on sharpening execution, speed to market, and sustained profitable growth.
Positive
- Unanimous board appointment of Jim Reagan as CEO
- Effective immediately on Feb. 17, 2026
- Continuity: Interim CEO since Oct. 2025
- Experience: Nearly 40 years; senior roles at Leidos, Vencore, PAE
Negative
- None.
Key Figures
Market Reality Check
Peers on Argus
SAIC is up 3.79% while key peers show mixed moves: INGM +0.84%, APLD -1.64%, PONY -2.56%, VRRM -0.97%, PSN flat. No peers appear in the momentum scanner, pointing to a stock-specific move around the leadership news.
Historical Context
| Date | Event | Sentiment | Move | Catalyst |
|---|---|---|---|---|
| Feb 11 | Prelim earnings, guidance | Negative | -16.0% | Preliminary FY26 results and reduced FY27 revenue outlook versus prior guidance. |
| Feb 05 | Conference participation | Neutral | -0.9% | Announcement of participation in Cowen aerospace & defense investor conference. |
| Dec 16 | Growth officer hire | Positive | -1.2% | Appointment of a new Chief Growth Officer to lead enterprise growth strategy. |
| Dec 04 | Q3 FY26 earnings | Positive | +15.9% | Q3 results with raised FY26 outlook and details on bookings and backlog. |
| Nov 24 | Navy contract win | Positive | -0.1% | Award of a <b>$242M</b>, 5-year follow-on contract for propulsion test facility work. |
Recent news has produced mixed reactions, with earnings and contract wins sometimes rewarded while leadership and general news have often seen muted or negative moves.
Over the past few months, SAIC has combined operational updates with leadership and guidance changes. Q3 FY26 results on Dec 4, 2025 with higher outlook drove a 15.88% gain, while the Feb 11, 2026 preliminary FY26 results and lowered FY27 revenue outlook saw shares fall 16.03%. Additional news included a $242M Navy contract and senior growth hire. Today’s CEO appointment follows this period of strategic and leadership reshaping.
Market Pulse Summary
This announcement confirms James Reagan as permanent CEO after serving as interim, formalizing leadership during a period of guidance resets and strategic shifts. Recent filings highlight his nearly 40 years of industry experience and a compensation package geared toward long‑term equity. Investors may watch how this leadership change interacts with updated revenue outlooks, margin targets, and contract execution, as well as future Board and management moves, to gauge its impact on SAIC’s strategy.
Key Terms
restricted stock units financial
performance stock units financial
equity incentive plan financial
schedule 13g regulatory
form 4 regulatory
AI-generated analysis. Not financial advice.
Interim CEO, Former Board Member, and Seasoned Government Services Executive James Reagan Named CEO
RESTON, Va., Feb. 17, 2026 (GLOBE NEWSWIRE) -- Science Applications International Corporation (Nasdaq: SAIC), a premier Fortune 500® company driving our nation's digital transformation across the defense, space, civilian, and intelligence markets, today announced that the Company’s Board of Directors has appointed James (“Jim”) Reagan, Chief Executive Officer, effective immediately.
“Following a thorough search process, the selection of Jim Reagan as CEO was a unanimous decision by the Board,” said SAIC Board Chair Donna Morea. “Over the past few months, Jim has proven to be the steady hand at the tiller SAIC needs. He understands the Company’s strengths and opportunities and has been working with SAIC business leaders to drive the innovation, speed, and efficiency that will enable future growth and value creation for our customers, shareholders, and employees. We look forward to continuing to work with Jim in his new capacity.”
Mr. Reagan is a seasoned executive, with nearly 40 years of experience, including two decades of senior leadership experience in the defense and government services industry and a significant background in business transformation. During his tenure as Executive Vice President & Chief Financial Officer of Leidos Holdings, a Fortune 500® technology company serving government and commercial customers, he was instrumental in accelerating the company’s growth.
Earlier in his career Mr. Reagan held Chief Financial Officer roles at Vencore, Inc., and PAE, both companies were leading providers of technology and engineering services for government customers. Before that, he was Chief Financial Officer of Aspect Communications and held several senior roles at MCI Telecommunications, Nextel and AMS. He brings deep knowledge and understanding of SAIC’s customers and commitment to advancing their mission, in addition to his extensive expertise across cybersecurity and intelligence, information technology, healthcare, and national security. Mr. Reagan has been a member of the SAIC Board since January 2023 and was appointed Interim CEO in October 2025.
“I am honored by the Board’s decision and excited to continue the critical work we have begun to sharpen our focus, strengthen our execution and speed to market, and win. SAIC has a very strong future ahead and I am confident the efforts underway to further differentiate SAIC will generate more sustained, profitable growth in the coming years. I look forward to continuing to work with the Board and the talented SAIC team to achieve our goals,” Jim Reagan said.
About SAIC
SAIC® is a premier Fortune 500 mission integrator focused on advancing the power of technology and innovation to serve and protect our world. Our robust portfolio of offerings across the defense, space, civilian and intelligence customers includes secure high-end solutions in mission IT, enterprise IT, engineering services and professional services. We integrate emerging technology, rapidly and securely, into mission critical operations that modernize and enable critical national imperatives.
We are approximately 24,000 strong; driven by mission, united by purpose, and inspired by opportunities. Headquartered in Reston, Virginia, SAIC has annual revenues of approximately
Media Contact
Darryn James
Director, Media and Brand Reputation
(202) 492-7834
publicrelations@saic.com
Investor Relations Contact
Jon Raviv
Vice President, Investor Relations
(703) 676-4432
investorrelations@saic.com
Forward-Looking Statements
Forward-Looking Statements Certain statements in this release contain or are based on “forward-looking” information within the meaning of the Private Securities Litigation Reform Act of 1995. In some cases, you can identify forward-looking statements by words such as “expects,” “intends,” “plans,” “anticipates,” “believes,” “estimates,” “guidance,” and similar words or phrases. Forward-looking statements in this release may include, among others, estimates of future revenues, operating income, earnings, earnings per share, charges, total contract value, backlog, outstanding shares and cash flows, as well as statements about future dividends, share repurchases and other capital deployment plans. Such statements are not guarantees of future performance and involve risk, uncertainties and assumptions, and actual results may differ materially from the guidance and other forward-looking statements made in this release as a result of various factors. Risks, uncertainties and assumptions that could cause or contribute to these material differences include those discussed in the “Risk Factors,” “Management’s Discussion and Analysis of Financial Condition and Results of Operations” and “Legal Proceedings” sections of our Annual Report on Form 10-K, as updated in any subsequent Quarterly Reports on Form 10-Q and other filings with the SEC, which may be viewed or obtained through the Investor Relations section of our website at saic.com or on the SEC’s website at sec.gov. Due to such risks, uncertainties and assumptions you are cautioned not to place undue reliance on such forward-looking statements, which speak only as of the date hereof. SAIC expressly disclaims any duty to update any forward-looking statement provided in this release to reflect subsequent events, actual results or changes in SAIC’s expectations. SAIC also disclaims any duty to comment upon or correct information that may be contained in reports published by investment analysts or others.
FAQ
Who is the new SAIC CEO and when did Jim Reagan assume the role?
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