SAIC Awarded $13 Million Contract by Defense Finance and Accounting Service
Company to Support DoD Financial Management Education and Training Program
SAN DIEGO and MCLEAN, Va., June 30, 2008 /PRNewswire-FirstCall via COMTEX News Network/ -- Science Applications International Corporation (NYSE: SAI) announced today that it has been awarded a contract by the Defense Finance and Accounting Service (DFAS) to support the Financial Management Education and Training program. This single-award, prime contract has a one-year base period of performance, four one-year options, and a contract value of more than $13 million if all options are exercised. Work will be performed primarily in Southbridge, Mass.
Under the contract, SAIC will design, develop, maintain, and instruct a customized financial management education and training curriculum to support the learning needs of the DFAS and DoD financial management workforce.
"We are pleased to continue our successful relationship with DFAS and to help address their future training needs," said Beverly Seay, SAIC senior vice president and business unit general manager. "SAIC has a deep understanding of the program goals and objectives, and we look forward to providing quality services and innovative solutions to help DFAS effectively accomplish their mission."
About SAIC
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 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
(703) 676-6762
Melissa.l.koskovich@saic.com
Laura Luke
(703) 676-6533
laura.luke@saic.com
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