SAIC Awarded New $95 million GAO Contract to Drive Agile IT Transformation and Innovation
Rhea-AI Summary
Science Applications International Corp (NASDAQ: SAIC) was awarded a $95 million contract by the U.S. Government Accountability Office on February 26, 2026 to provide full-scale IT services for the Technical Information Services program.
SAIC will modernize applications and platforms, enable secure multi-cloud, apply low-code/no-code and AI, and use agile delivery to build a scalable, data-driven IT ecosystem that improves speed, resilience, and security for GAO users.
Positive
- $95 million awarded to SAIC for GAO TIS program
- Scope includes end-to-end IT modernization across applications and platforms
- Secure multi-cloud and AI-enabled capabilities planned
- Delivery via Scaled Agile Framework (SAFe) and modern digital engineering
Negative
- None.
News Market Reaction – SAIC
In the Feb 26 session, SAIC gained 5.66%, reflecting a notable positive market reaction. Our momentum scanner triggered 7 alerts that day, indicating moderate trading interest and price volatility.
Data tracked by StockTitan Argus on the day of publication.
Key Figures
Historical Context
| Date | Event | Sentiment | 24h Move | Catalyst |
|---|---|---|---|---|
| Feb 19 | Strategic alliance launch | Positive | +2.8% | Alliance for Advancing Rural Healthcare tied to $50B federal program. |
| Feb 17 | CEO appointment | Neutral | -1.6% | James Reagan named CEO with focus on execution and growth. |
| Feb 11 | Earnings and guidance | Negative | -16.0% | Preliminary FY26 results and reduced FY27 revenue outlook. |
| Feb 05 | Conference participation | Neutral | -0.9% | Planned presentation at Cowen aerospace & defense conference. |
| Dec 16 | Growth officer hire | Positive | -1.2% | Appointment of new Chief Growth Officer to lead enterprise growth. |
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Recent sizable moves clustered around guidance reset and strategic news, with the earnings reset on Feb 11 driving the sharpest downside.
Over the past few months, SAIC has reported preliminary FY26 results and lowered FY27 revenue guidance on Feb 11, which coincided with a -16.03% move. Leadership changes included appointing James Reagan as CEO on Feb 17 and naming a new Chief Growth Officer on Dec 16, both followed by modest negative reactions. By contrast, strategic and program-related news, such as the rural healthcare alliance on Feb 19, saw a positive 2.75% reaction. Today’s new GAO IT contract fits the pattern of mission- and program-focused wins arriving after a period of guidance reset and leadership reshaping.
Key Terms
scaled agile framework (safe) technical
multi cloud technical
low code technical
no code technical
artificial intelligence technical
digital engineering technical
AI-generated analysis. How Rhea-AI works. Not financial advice.
RESTON, Va., Feb. 26, 2026 (GLOBE NEWSWIRE) -- Science Applications International Corp. (NASDAQ: SAIC) has officially been awarded a new
Under this effort, SAIC will help GAO evolve beyond traditional infrastructure operations into a technology enabled, data driven organization that delivers faster insights, stronger security, and a modern digital experience for its workforce and stakeholders.
SAIC will focus on reengineering how technology is delivered, consumed, and continuously improved across GAO to help modernize applications, platforms, and operating models to increase speed, resilience, and adaptability while embedding security, automation, and compliance by design. The result is a scalable, future ready IT ecosystem that supports GAO’s mission today and positions the agency as a leader in federal technology adoption.
“Our partnership with GAO is about moving from legacy operations to a modern digital enterprise,” said Srini Attili, Executive Vice President of SAIC’s Civilian Business Group. “We are bringing a transformation mindset, not just tools, to help GAO become a technology leading agency. By modernizing applications, enabling a secure multi cloud environment, and leveraging low code, no code, and artificial intelligence, we will help GAO operate faster, smarter, and with greater confidence in its technology foundation.”
SAIC’s approach integrates agile delivery at scale through Scaled Agile Framework (SAFe), modern digital engineering practices, and a disciplined transition strategy that prioritizes continuity, transparency, and measurable outcomes. This model enables continuous modernization, improved system reliability, and rapid adoption of emerging technologies while reducing operational risk and long-term cost.
Through this contract, SAIC will help GAO modernize not just its infrastructure, but the way technology supports mission execution, workforce productivity, and innovation across the enterprise.
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
Media Contact:
Darryn James
publicrelations@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.
