SAIC Wins Delivery Order to Build Signature Based Trainers
SAN DIEGO and MCLEAN, Va., Dec 11, 2007 /PRNewswire-FirstCall via COMTEX News Network/ -- Science Applications International Corporation (NYSE: SAI) today announced it won a delivery order from the Naval Surface Warfare Center (NSWC) at Carderock, Md., to help design and develop training tools for submarines and surface ships for the U.S. Navy.
The cost-plus-fixed-fee delivery order has a three-year period of performance and was awarded competitively under the Naval Sea Systems Command Seaport Enhanced contract. The total ceiling value of the delivery order is $50 million.
"SAIC is committed to improving the effectiveness of our Navy through the development of advanced training systems and tactical tools, creating real solutions for the fleet," said Jurgen Gobien, SAIC senior vice president and business unit general manager.
SAIC has worked with NSWC to develop these tools, known as signature-based trainers, for more than 17 years to provide fully immersive classroom simulations that accurately represent the at-sea operating environment for sailors. Training simulations include high-fidelity acoustic signatures and detailed visual and infrared imagery through the periscope.
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 approximately 44,000 employees in more than 150 cities worldwide, SAIC engineers and scientists solve complex technical challenges requiring innovative solutions for customers' mission-critical functions. SAIC had annual revenues of $8.3 billion for its fiscal year ended January 31, 2007.
SAIC: FROM SCIENCE TO SOLUTIONS(R)
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 Annual Report on Form 10-K for the period ended January 31, 2007, and other such 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.
Contact: Ron Zollars, San Diego
858/826-7896
zollarsr@saic.com
Melissa Koskovich, McLean
703/676-6762
koskovichm@saic.com
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