Posted at 3:42 a.m., Thursday, April 19, 2007
SAIC awarded $394 million military contract
News Release
SAN DIEGO and MCLEAN, Va., -- Science Applications International Corporation (NYSE:SAI) announced today it won a contract from the U.S. Air Force, Pacific Air Forces (PACAF) to provide a full range of engineering and technical support services.The single-award, time-and-materials contract has a one-year base term with four one-year options for an estimated value of $394 million if the customer exercises all options.
The SAIC team will provide engineering and technical services as requested by the customer, providing maximum flexibility to allow SAIC to adapt to the evolving requirements of PACAF. These services will support systems for PACAF command, control, computers, intelligence, wargaming and force protection. Work will be performed primarily in Hawaii, Alaska, Guam, Japan and Korea.
"This contract is an important win for SAIC. We carefully selected our team to meet requirements unique to the Pacific region and with an eye on future Air Force requirements," said John Thomas, SAIC senior vice president and general manager of the Operational Intelligence Solutions Business Unit. "We are pleased to continue our relationship with PACAF and look forward to providing best-value solutions consistent with their future requirements."
SAIC is a leading provider of scientific, engineering, systems integration and technical services and solutions to all branches of the U.S. military, agencies of the Department of Defense, the intelligence community, the U.S. Department of Homeland Security and other U.S. Government civil agencies, as well as to customers in selected commercial markets. With more than 44,000 employees in over 150 cities worldwide, SAIC engineers and scientists solve complex technical challenges requiring innovative solutions for customers' mission-critical functions. SAIC had annual revenues of $8.3 billion for its fiscal year ended January 31, 2007.
SAIC: FROM SCIENCE TO SOLUTIONS(TM)
Statements in this announcement other than historical data and information constitute forward-looking statements that involve risks and uncertainties. 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 for the period ended January 31, 2007, and such other filings that SAIC makes with the SEC from time to time. 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.
