MCLEAN, Va., Feb. 14, 2012
SAIC Awarded Contract by United States Air Force
Company to Provide Design and Engineering Support Services
Science Applications International Corporation (SAIC) (NYSE: SAI) announced today it was awarded a prime contract by the United States Air Force (USAF) to provide design and engineering services in support of the Air Force Materiel Command (AFMC), and other agencies within the Department of Defense (DoD). The multiple-award, indefinite-delivery-indefinite-quantity (IDIQ) contract has a five-year period of performance and a contract ceiling value of approximately $1.9 billion.
The AFMC conducts research, development, testing and evaluation, and provides the acquisition management services and logistics support necessary to keep Air Force weapon systems ready for war. Under the contract, SAIC will provide design and engineering services as required, including: new design, technical documentation, technology refresh, diminishing material and manufacturing, environmental improvement, and productivity, efficiency and cost saving efforts. SAIC is one of 26 prime contractors who will compete for task orders under the contract.
"We look forward to providing the AFMC with design and engineering services to improve system life cycle cost, operational life, performance, sustainment, maintainability and support, and safety and environmental friendliness," said Glenn San Giacomo, SAIC senior vice president and business unit general manager.
About SAIC
SAIC is a FORTUNE 500® scientific, engineering, and technology applications company that uses its deep domain knowledge to solve problems of vital importance to the nation and the world, in national security, energy & environment, health, and cybersecurity. The company's approximately 41,000 employees serve customers in the U.S. Department of Defense, the intelligence community, the U.S. Department of Homeland Security, other U.S. Government civil agencies and selected commercial markets. Headquartered in McLean, Va., SAIC had annual revenues of approximately $11 billion for its fiscal year ended January 31, 2011. For more information, visit www.saic.com. SAIC: From Science to Solutions®
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, 2011, and other such 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.
Contact:
Melissa Koskovich
(703) 676-6762
Melissa.l.koskovich@saic.com