SAIC Completes Acquisition of Applied Marine Technology, Inc.
SAN DIEGO and MCLEAN, Va., Dec 18, 2006 /PRNewswire-FirstCall via COMTEX News Network/ -- Science Applications International Corporation (NYSE: SAI) announced today that it has completed the acquisition of Applied Marine Technology, Inc. (AMTI). Based in Virginia Beach, Va., AMTI provides a broad range of services, products and expertise to the special warfare community, military, law enforcement, the intelligence community and private industry, including the areas of homeland security and the global war on terrorism.
The acquisition integrates AMTI's offerings in training and exercises, systems engineering and integration, information systems and communications, and rapid prototyping of technical solutions with SAIC's technical and operational presence within the nation's intelligence, special warfare and homeland security communities.
AMTI joins SAIC's Operational Intelligence Solutions Business Unit, led by Senior Vice President and General Manager John Thomas in McLean, Va. "The solutions we apply to problems of national significance will be enhanced by the combined capabilities we now can bring to bear as a result of the acquisition of AMTI," said Thomas. "We are pleased to have AMTI's employees and leaders join the SAIC team."
AMTI employs more than 500 people supporting government and private sector clients in locations across the U.S., including Virginia Beach, Va.; San Diego, Calif.; Fayetteville, N.C.; Charleston, S.C.; Ponca City, Okla.; and Washington, D.C. In addition to its core offerings, AMTI designs, develops, and manufactures communications, information technology, personal protection, and explosive ordinance disposal products.
Terms of the acquisition were not disclosed.
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 its initial public 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
Ron Zollars, San Diego, +1-858-826-7896, zollarsr@saic.com, or Melissa Koskovich,
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