SAIC Wins Geospatial Research, Integration, Development and Support Contract
SAN DIEGO and MCLEAN, Va., Oct. 26 /PRNewswire-FirstCall/ -- Science Applications International Corporation (NYSE: SAI) announced today that it has won a contract from the U.S. Army Corps of Engineers to provide engineering services and geospatial support for the U.S. Army Engineer Research and Development Center -- Topographic Engineering Center (ERDC-TEC).
The single award, indefinite-delivery/indefinite-quantity contract, referred to as Geospatial Research, Integration, Development and Support (GRIDS), has a one-year base term with four one-year options and a total ceiling value of $250 million if the customer exercises all options.
SAIC's Research, Development, Test, and Evaluation Group and Intelligence and Security Group will support actionable intelligence and high-resolution geospatial information and geospatial intelligence technologies, systems, and products.
The SAIC GRIDS team will provide a broad range of services including sensor research and development; verification and validation, integration, and testing; support of geospatial systems; systems engineering; demonstrations and experimentation, including advanced concept technology demonstrations and joint capability technology demonstrations; and operational support across domains, including topographic engineering, military intelligence, battle command, modeling and simulation, and other operations.
"GRIDS is a great opportunity for SAIC and its teammates to deliver transformational capabilities to troops in combat," said Jurgen Gobien, SAIC senior vice president and a general manager in the Research, Development, Test and Evaluation Group. "In support of ERDC-TEC, we will develop, demonstrate and deploy innovative products to empower the warfighter at all levels through timely information and knowledge management for operational decision support. We are pleased with the opportunity to participate in this critical program for the nation."
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 43,000 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 $7.8 billion for its fiscal year ended January 31, 2006.
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 final prospectus relating to the offering, 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.
SOURCE SAIC
10/26/2006
CONTACT: Ron Zollars, San Diego, +1-858-826-7896, zollarsr@saic.com or
Connie Custer, McLean, +1-703-676-6533, custerc@saic.com, both of SAIC
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