SAIC Appoints Ravi Dankanikote as New Chief Growth Officer
Rhea-AI Summary
SAIC (NASDAQ: SAIC) announced the appointment of Ravi Dankanikote as Chief Growth Officer, effective December 16, 2025. He reports to Interim CEO Jim Reagan and will lead SAIC’s enterprise growth strategy and go-to-market efforts.
Dankanikote returns to SAIC after prior SVP for Business Development (2021–Aug 2025) and most recently served four months as Chief Growth Officer at Peraton; he also spent 27 years at CACI. SAIC reports ~24,000 employees and approximately $7.5 billion in annual revenue.
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News Market Reaction
On the day this news was published, SAIC declined 1.21%, reflecting a mild negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
Key Figures
Market Reality Check
Peers on Argus
SAIC is up 1.4% while key peers like APLD (-17.52%), PSN (-3.16%) and others are negative, indicating the move is stock-specific rather than a sector-wide trend.
Historical Context
| Date | Event | Sentiment | Move | Catalyst |
|---|---|---|---|---|
| Dec 04 | Earnings results | Positive | +15.9% | Strong Q3 FY26 results with raised outlook and dividend declaration. |
| Nov 24 | Defense contract win | Positive | -0.1% | Award of $242M Navy contract for propulsion test facility operations. |
| Nov 21 | CSR recognition | Positive | +0.2% | Recognition by Building Homes for Heroes for long-term veteran support. |
| Nov 20 | Earnings call notice | Neutral | -0.9% | Scheduling of Q3 FY26 earnings release and webcast-only call. |
| Nov 20 | Large task order | Positive | -0.9% | Award of $1.4B COBRA task order over a five-year period. |
Positive, contract- and earnings-related news has often been followed by mixed price reactions, with some large gains on earnings but several divergences on contract wins and neutral updates.
Over the last few months, SAIC has combined solid operational performance with notable contract wins and leadership changes. On Dec 4, 2025, the company reported Q3 FY26 results with $1.87B revenue, $78M net income, and raised its outlook, and the stock reacted strongly higher. Earlier in November, SAIC announced a $1.4B COBRA task order and a $242M Navy contract, but shares saw muted-to-negative moves. Recent 8-Ks also detailed CEO transition and other leadership changes, framing today’s Chief Growth Officer appointment within a broader management reshaping.
Market Pulse Summary
This announcement highlights SAIC’s focus on growth by appointing a seasoned Chief Growth Officer with more than 30 years of GovCon experience, while the company generates roughly $7.5B in annual revenue and employs about 24,000 people. Recent history includes large contract wins, strong quarterly results, and leadership changes, indicating an active strategic phase. Investors may monitor future bookings, margin trends, and additional leadership disclosures to gauge how this role influences long-term growth execution.
AI-generated analysis. Not financial advice.
RESTON, Va., Dec. 16, 2025 (GLOBE NEWSWIRE) -- Science Applications International Corporation (NASDAQ: SAIC), a premier Fortune 500® company driving our nation's digital transformation across the defense, space, intelligence, and civilian markets, today announced the appointment of Ravi Dankanikote as the company’s Chief Growth Officer, effective immediately. He will report to Interim SAIC Chief Executive Officer Jim Reagan.
In this role, Dankanikote will lead SAIC’s enterprise growth strategy and go-to-market approach. He brings more than 30 years of growth leadership experience in the GovCon space, with a proven track record of building winning, customer-centric business development organizations. He is widely recognized for his deep understanding of mission requirements, forward-leaning solution design, and ability to unify growth investments around long-term enterprise goals.
Dankanikote previously served as SAIC’s Senior Vice President for Business Development from 2021 until August of this year. He returns to SAIC from Peraton, where he served as Chief Growth Officer for the past four months. Prior to joining SAIC in 2021, he spent 27 years at CACI serving in multiple senior business development and growth roles.
“Ravi doesn’t just know SAIC, he knows the industry. He is deeply attuned to industry trends and the transformation that is occurring right now in the market in terms of what customers want and how they want to purchase it,” said Reagan. “He is the right choice to lead our business development and growth strategy as SAIC implements our simplified organizational structure and sharpens our focus on key opportunities to provide even greater value to our customers, increase growth for our shareholders, and create a stronger company.”
“SAIC’s market leadership, deep mission expertise, and world-class talent uniquely position us to shape the future of national security. By fusing cutting-edge commercial innovation with trusted delivery customers, we have a powerful opportunity to drive mission outcomes, accelerate modernization, and deliver sustainable growth for all stakeholders,” said Dankanikote.
Dankanikote holds a Master of Science degree in Computer Science from Shippensburg University and a Bachelor of Engineering degree from R.V. College of Engineering in Bangalore, India. He is active in the national security ecosystem, serving on the Board of Directors for the Washington Chapter of NDIA, WashingtonExec and Executive Mosaic’s BD Council, and other mission-focused nonprofits.
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 markets 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
Investor Relations Contact:
Joe DeNardi
joseph.w.denardi@saic.com
Media Contacts:
Caralyn Duke
caralyn.duke@saic.com
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 SAIC’s ability to realize growth opportunities as a result of the new organizational structure. 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 Securities and Exchange Commission (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
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