SAIC Completes Acquisition of bd Systems, Inc.
(SAN DIEGO and MCLEAN, VA) 09/11/06 - Science Applications International Corporation (SAIC) announced today that it has completed the acquisition of bd Systems, Inc. Based in Torrance, Calif., bd Systems is a provider of aerospace engineering and information technology (IT) services.
The acquisition integrates bd System's engineering and IT expertise with SAIC's technical and operational presence within the aerospace marketplace, providing expanded capabilities and depth to better serve the growing challenges facing the nation in space superiority.
The bd Systems organization will be maintained as a subsidiary associated with SAIC's Space and Geospatial Intelligence Business, led by Senior Vice President and General Manager K. Stuart Shea, in Chantilly, Va. "As we continue to focus on excellence in support of our customers and their most challenging missions, we are pleased by the significant potential for growth that this acquisition brings to both SAIC and the employees of bd Systems," said Shea. "We are pleased to welcome bd Systems' employees and leadership to the SAIC family."
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.
Terms of the acquisition were not disclosed.
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:
Use our Contact Form or call 1-800-430-7629.
Press/Public Relations Contacts:
Ron Zollars - San Diego, CA
858-826-7896
zollarsr@saic.com
Connie Custer - McLean, VA
703-676-6533
custerc@saic.com
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