SAIC Signs Agreement to Acquire bd Systems, Inc.
(SAN DIEGO and MCLEAN, VA) 08/01/06 -- Science Applications International Corporation (SAIC) announced today that it has signed a definitive agreement to acquire bd Systems, Inc., a provider of aerospace engineering and information technology (IT) services headquartered in Torrance, Calif.
The acquisition, when completed, will complement SAIC's technical and operational presence within the space and IT market and will enable bd Systems to better serve the growing challenges facing its client community. The bd Systems organization will become a subsidiary of SAIC, led by bd Systems' current Executive Vice President and Chief Operating Officer Mike Smith.
“The men and women who make up bd Systems have worked hard to build the reputation of our company in the aerospace engineering and information technology field,” said Clarisa Howard, bd president and chief executive officer. “The acquisition is a strong testimony to their commitment and passion for excellence. It will mean expanded capabilities for our clients and growth opportunities for our employees.”
“This acquisition reflects SAIC's commitment to the U.S. government and the nation's critical mission of space superiority,” said Ken Dahlberg, SAIC chairman and chief executive officer. “We look forward to welcoming bd Systems' employees, who bring exceptional technical and management depth, to the SAIC team.”
bd Systems employs more than 330 people supporting government and commercial clients in more than 20 locations throughout the U.S., including: Los Angeles, Calif.; Colorado Springs, Colo.; Huntsville, Ala.; San Antonio, Texas; Vandenberg AFB, Calif.; and Washington D.C. Their core capabilities include systems engineering, enterprise network management, aerospace engineering, logistics and sustainment support, geographical information systems, and acquisition support.
The transaction is expected to close in September 2006, subject to customary closing conditions, including expiration or termination of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act. Terms of the acquisition were not disclosed.
Additional Information:
Visit SAIC's Space 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, 2006, the company reported annual revenues of $7.8 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, 2006, 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.
Business Contacts:
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Press/Public Relations Contacts:
Ron Zollars - San Diego, CA
858-826-7896
zollarsr@saic.com
Alison Williams - McLean, VA
703-676-6762
williamsae@saic.com
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