SAIC Awarded $249 Million Task Order by Space and Naval Warfare Systems Command
Company to Provide Modeling, Simulation, and Analytically Based Warfare Analyses
MCLEAN, Va. and SAN DIEGO, Jan 12, 2010 /PRNewswire via COMTEX News Network/ -- Science Applications International Corporation (SAIC) (NYSE: SAI) today announced it has been awarded a task order by the Space and Naval Warfare Systems Command to provide modeling, simulation, and analytically based warfare analysis support to the Office of the Chief of Naval Operations' (OPNAV) Assessment Division (N81). The follow-on task order has a one year base period of performance, four one-year options, and a total value of more than $249 million, if all options are exercised. Work will be performed in the National Capital Region. The task order was awarded under the U.S. Navy's SeaPort-e contract.
OPNAV N81 provides capability based analyses of all aspects of naval warfare and support requirements. Under the task order, SAIC will provide warfare support, campaign, and mission-level analyses; and management, documentation, and modeling and simulation support.
"SAIC and its teammates look forward to continuing our support of OPNAV N81 as they help enhance the Navy's understanding of resource and warfighting decision alternatives," 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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