U.S. Navy Awards SAIC $597 Million Contract
RESTON, Va.--(BUSINESS WIRE)--Nov 8, 2018--The U.S. Navy awarded Science Applications International Corp. (NYSE: SAIC) an indefinite-delivery, indefinite-quantity contract for the production and delivery of integrated Command, Control, Communications, Computers, Computers, Intelligence, Surveillance, and Reconnaissance (C5ISR) systems, networks, and support equipment in support of the Space and Naval Warfare Systems Center (SSC) Atlantic. The single-award contract has a five-year period of performance worth approximately $597 million.
The contract has an additional two-year award term that, if earned, would increase its potential value to approximately $861 million. Delivery/Task orders awarded under the contract will include procuring, fabricating, assembling, integrating, testing, inspecting and delivering a highly diverse range of systems that include various complex designs provided by Navy program offices in the form of technical data packages. Systems vary in complexity, but generally include the integration of engineered cable assemblies, mounting kit assemblies, hardware, and software/security applications necessary to provide the Warfighter with the capability to communicate, maintain situational awareness, and achieve information dominance. Work will be performed in Charleston, South Carolina and Norfolk, Virginia.
“We are proud to continue to help SSC Atlantic streamline their system production services and provide warfighters with the latest technology available,” said Jim Scanlon, SAIC senior vice president and general manager of the Defense Systems Customer Group. “For this contract, SAIC enables shared resources across the command, resulting in cost savings; as we provide complex electronic systems to the Navy.”
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.
View source version on businesswire.com:https://www.businesswire.com/news/home/20181108005883/en/
CONTACT: SAIC Media Contact:
Lauren Presti, 703-676-8982
KEYWORD: UNITED STATES NORTH AMERICA VIRGINIA
INDUSTRY KEYWORD: TECHNOLOGY DATA MANAGEMENT HARDWARE NETWORKS SOFTWARE OTHER TECHNOLOGY SECURITY DEFENSE CONTRACTS OTHER DEFENSE
SOURCE: Science Applications International Corp.
Copyright Business Wire 2018.
PUB: 11/08/2018 04:15 PM/DISC: 11/08/2018 04:15 PM