SAIC Acquires Geo-Spatial Technologies, Inc.
(SAN DIEGO and MCLEAN, VA) 04/18/06 -- Science Applications International Corporation (SAIC) has completed the acquisition of Geo-Spatial Technologies, Inc. (GSTI), a Springfield, Va., and Seattle, Wa., firm that is a leader in the research, development, and application of novel geospatial technology for advanced 3-D imaging, reconnaissance, remote sensing and mapping systems. The acquisition enhances SAIC's capability and industry position in the area of next-generation system development and integration for urban warfare and homeland security applications and operations.
GSTI has developed systems applying airborne, vehicle-based and terrestrial sensors for mapping urban terrain and structures using LIDAR (Light Detection and Ranging), IFSAR (Interferometric Synthetic Aperture Radar), digital cameras and video.
“Combining GSTI's capability with SAIC's outstanding advanced technology development will allow us to pursue larger and more ambitious R&D and system integration contracts within the defense and homeland security market. An enhanced portfolio of complementary technologies, services and expertise, will help us offer better solutions to current and future customers,” said Chris Moscoso, former president and CEO of GSTI. “We are very excited to join the SAIC team.”
The company's 45 employees will transition into SAIC's Technology, Research and Integration business unit. Terms of the acquisition agreement were not disclosed.
“GSTI's current business relationships and ongoing technology programs will help strengthen and broaden SAIC's customer base,” said Jurgen Gobien, SAIC general manager in the Research, Development, Test and Evaluation Group. “Their expertise will help us build leadership in innovative enabling imaging and mapping technology and provide more opportunities to win key advanced development contracts.”
Additional Information:
Visit SAIC's Homeland Security section to learn more about our capabilities in this area.
SAIC is the largest employee-owned research and engineering company in the United States, with more than 43,000 employees in over 150 cities worldwide. For the fiscal year ended January 31, 2005, the company reported annual revenues of $7.2 billion. SAIC engineers and scientists solve complex technical problems in national security, homeland security, energy, the environment, space, telecommunications, health care, and logistics. 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 the Company's Annual Report on Form 10-K for the period ended January 31, 2005, and such other filings that the Company 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.
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Alison Williams - McLean, VA
703-676-6762
williamsae@saic.com
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