SAIC (NYSE: $SAIC) Awarded $980 Million ‘Battlefield Systems' Contract by U.S. Army
Company to provide software and integration work to warfighters in the field
RESTON, Va. - November 6, 2017 (Investorideas.com Newswire) The General Services Administration (GSA), on behalf of the U.S. Army Software Engineering Directorate (SED), awarded Science Applications International Corp. (NYSE: SAIC) the Battlefield Systems task order worth approximately $980 million.
Awarded under the GSA One Acquisition Solution for Integrated Services (OASIS) contract vehicle, the task order has a one-year period of performance, two one-year options, and work will be performed at the Army's SED in Redstone Arsenal, Alabama.
"For more than 20 years, SAIC has provided critical technologies to warfighters in the field. We are proud to continue our support to SED, ensuring our nation's warfighters have the tools they need to successfully complete their missions," said Jim Scanlon, SAIC senior vice president and general manager of the Defense Systems Customer Group.
Under the contract, SAIC will help field new technologies to warfighters in the field and provide systems engineering and computer resource engineering services to SED, the Aviation and Missile Research, Development, and Engineering Center (AMRDEC), and the Army Research, Development and Engineering Command (USA RDECOM). SED customers include Department of Defense components and other federal government agencies.
AMRDEC is the Army's focal point for providing research, development, and engineering technology and services for aviation and missile platforms across the lifecycle.
SAIC is a premier technology integrator providing full life cycle services and solutions in the technical, engineering, intelligence, and enterprise information technology markets. SAIC is Redefining Ingenuity through its deep customer and domain knowledge to enable the delivery of systems engineering and integration offerings for large, complex projects. SAIC's more than 15,000 employees are driven by integrity and mission focus to serve customers in the U.S. federal government. Headquartered in Reston, Virginia, SAIC has annual revenues of approximately $4.5 billion. For more information, visit saic.com. For ongoing news, please visit our newsroom.
Certain statements in this announcement constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements involve risks and uncertainties and a number of factors could cause our actual results, performance, achievements, or industry results to be very different from the results, performance, or achievements expressed or implied by such forward-looking statements. Some of these factors include, but are not limited to, the risk factors set forth in SAIC's Annual Report on Form 10-K and other such filings that SAIC makes with the SEC from time to time, which may be viewed or obtained through the Investor Relations section of our web site at www.saic.com . Due to such uncertainties and risks, readers are cautioned not to place undue reliance on such forward-looking statements, which speak only as of the date hereof.
SAIC Media Contact:
Lauren Presti, 703-676-8982
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