U.S. Air Force Selects SAIC for $6.9 Billion Contract
Company to Support Future Flexible Acquisition and Sustainment Tool (F2AST) Program
U.S. Air Force Selects SAIC for $6.9 Billion ContractSAN DIEGO and MCLEAN, Va., July 29, 2008 /PRNewswire-FirstCall via COMTEX News Network/ -- Science Applications International Corporation (NYSE: SAI) today announced it has been awarded a contract by the U.S. Air Force Warner Robins Air Logistics Center, Warner Robins Air Force Base (AFB), Ga. This multiple-award, indefinite-delivery/indefinite-quantity contract supports the Future Flexible Acquisition and Sustainment Tool (F2AST) program. The contract has a three-year base period of performance and two two-year options. The total contract value for all awardees is $6.9 billion. Work will be performed primarily at the Warner Robins Air Logistics Center and the Ogden Air Logistics Center, Hill AFB, Utah.
F2AST will support Air Force weapons systems, including those operated by Air Force Material Command and Air Force Special Operations Command. Under the contract, SAIC will develop, modify, perform depot maintenance, provide spare parts and repair dozens of Air Force platforms, support systems, subsystems and components. SAIC will also provide engineering and logistics support services as required. The contract includes work on Special Operations Forces C-130s, B-52 sustainment and avionics systems, and combines existing Flexible Acquisition and Sustainment Tool (FAST) and Integrated Weapons System Support Program (IWSSP) requirements.
"We understand the unique needs of this important customer and have supported them for more than 25 years," said Jim Cuff, SAIC senior vice president and business unit general manager. "We are pleased to continue providing support to activities that help the Air Force sustain, maintain, and modernize its fleet of aircraft and systems."
About SAIC
SAIC is a FORTUNE 500® 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®
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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