SAIC Awarded $160 Million Task Order by Naval Sea Systems Command
Company to Provide Engineering Support to the Program Executive Office for Integrated Warfare Systems
MCLEAN, Va. and SAN DIEGO, Nov 03, 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 Naval Sea Systems Command (NAVSEA) to provide the Program Executive Office for Integrated Warfare Systems (PEO IWS) with engineering support services. The task order has a one-year base period of performance, a one-year option, three one-year award terms, and a total value of more than $160 million if all options and awards are exercised. Work will be performed primarily in Washington, D.C.The task order was awarded under the U.S. Navy's SeaPort-e contract.
NAVSEA engineers build and support the U.S. Navy's fleet of ships and combat systems. PEO IWS is responsible for managing surface ship and submarine combat technologies and systems. Under the task order, the SAIC team will provide enterprise solutions for functional areas of systems engineering, ship integration and product development. They will also help oversee the design, construction and maintenance of surface ships. In addition, SAIC will provide support in areas including foreign military sales and surge requirements and provide direct support to the System Integration Program Managers (SIPMs) as well.
"SAIC is proud to support the important mission of the Naval sea community," said Tom Baybrook, SAIC senior vice president and business unit general manager. "Under this new task order, we will help supply an enterprise solution encompassing a full range of engineering support services across PEO IWS' highly interrelated product lines."
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 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.
Contact: Melissa Koskovich
(703) 676-6762
Melissa.l.koskovich@saic.com
Laura Luke
(703) 676-6533
laura.luke@saic.com
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