SAIC Awarded $70 Million Contract by the Fleet and Industrial Supply Center Norfolk
Company to Provide Professional Support Services for Commander, Naval Installations Command (CNIC)
McLEAN, Va. and SAN DIEGO, Oct 29, 2009 /PRNewswire-FirstCall via COMTEX News Network/ -- Science Applications International Corporation (SAIC) (NYSE: SAI) today announced it has been awarded a prime contract by the Fleet and Industrial Supply Center Norfolk (FISCN) to provide professional support services for Commander, Naval Installations Command (CNIC) Headquarters and Chief of Naval Operations. The multiple award indefinite delivery/indefinite quantity contract has a one year base period of performance, four one-year options, and a total value of more than $70 million for SAIC, if all options are exercised. Work will be performed primarily in the National Capital Region.
CNIC enables the Navy to execute its mission through enterprise alignment of all shore installation support. Under this contract, SAIC will provide professional services including program management, engineering, logistics, and financial management. SAIC will also support CNIC management, organizational and business improvement efforts.
"We look forward to providing quality support services to help the CNIC as it continues to enable and enhance Navy combat power by providing effective and efficient shore services and support," said Tom Baybrook, SAIC senior vice president and business unit 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 45,000 employees serve customers in the U.S. Department of Defense, the intelligence community, the U.S. Department of Homeland Security, other U.S. Government civil agencies and selected commercial markets. Headquartered in McLean, Va., SAIC had annual revenues of $10.1 billion for its fiscal year ended January 31, 2009. 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, 2009, 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.
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