SAIC Awarded Contracts by Australia's Defence Materiel Organisation
Company to Support the Joint Electronic Fuels Management Project
SAN DIEGO and MCLEAN, Va., April 10, 2008 /PRNewswire-FirstCall via COMTEX News Network/ -- Science Applications International Corporation (NYSE: SAI) today announced it has been awarded two contracts by the Australian Defence Materiel Organisation (DMO) to support the Joint Electronic Fuels Management (JEFM) Project. These single-award, prime contracts have a total contract value of AU $13.5 million (approximately US $12.5 million) over 49-months if all options are exercised. Varec Inc., an SAIC company, will perform work on the contracts at locations throughout Australia.
SAIC will provide project management, logistics and systems engineering services to help the DMO design, test and integrate a Joint Fuels Information Management System (JFIMS) based upon Varec's FuelsManager(R) Defence software. Upon operational acceptance of the acquisition system, SAIC will establish a JFIMS Support Centre (JSC) in Melbourne, staffed to provide technical support and configuration management services for the new system throughout the contract.
"We look forward to helping the DMO implement JFIMS to enable more efficient and timely decisions regarding procurement, quality control and inventory management of bulk and ground fuels for the Australian Department of Defence," said James Cuff, SAIC senior vice president and business unit general manager.
SAIC is a FORTUNE 500(R) scientific, engineering, and technology applications company that uses its deep domain knowledge to solve problems of vital importance to the nation and the world, in national security, energy and the environment, critical infrastructure, and health. The company's approximately 44,000 employees serve customers in the Department of Defense, the intelligence community, the U.S. Department of Homeland Security, other U.S. Government civil agencies and selected commercial markets. SAIC had annual revenues of $8.9 billion for its fiscal year ended January 31, 2008. For more information, visit http://www.saic.com. 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, 2008, 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: Melissa Koskovich Laura Luke
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