SAIC Awarded DoD Contract to Support Joint Test and Evaluation Program Office
SAN DIEGO and MCLEAN, Va., Feb. 26 /PRNewswire-FirstCall/ -- Science Applications International Corporation (NYSE: SAI) today announced it was one of four companies awarded an indefinite-delivery/indefinite-quantity Joint Test and Evaluation (JT&E) contract to provide joint military environment process planning support services to the Department of Defense's (DoD) Joint Test and Evaluation Program Office.
The multiple-award contract has a five-year base period of performance with five one-year options. The program maximum for the four multiple-award contracts is $465 million and $93 million for each one-year option.
Through the contract, SAIC will compete for task orders to help improve joint interoperability of service systems, technical and operational concepts, performance of systems, and data for validating models, simulations and test beds. SAIC will also validate testing methodologies.
"This is a strategic win for SAIC. This contract allows us to compete for JT&E task orders, while helping our customers meet critical mission requirements," said Chuck Zang, senior vice president and general manager of SAIC's Science and Systems Engineering Solutions Business Unit. "We look forward to building on our past record of superior service with our JT&E customers."
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 44,000 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.
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