SAIC Signs NATO Theater Missile Defense Systems Engineering and Integration Contract
SAN DIEGO and MCLEAN, Va., Nov. 28 /PRNewswire-FirstCall/ -- Science Applications International Corporation (NYSE: SAI) announced today that it has signed a firm-fixed-price contract to support the integration of the North Atlantic Treaty Organization (NATO) Active Layered Theater Ballistic Missile Defense (ALTBMD) capability. The contract signing ceremony took place at the ALTBMD Exhibition at the 2006 NATO Summit in Riga, Latvia.
The contract, which establishes a six-year period of performance with an estimated value of $95 million, was signed on behalf of Brig. Gen. (ret.) Michel Billard, program manager of the NATO ALTBMD Program Office, and Beverly Seay, SAIC senior vice president and general manager of the Analysis, Simulation, Systems Engineering and Training Business Unit.
"We are honored that this program was chosen to be showcased as one of NATO's transformational capabilities at the 2006 NATO Summit in Riga," said Seay. "This international venue provides an appropriate backdrop for the commencement of the NATO ALTBMD systems engineering and integration contract. SAIC and its team members look forward to collaborating with our customer to provide an integrated systems solution for the alliance."
The members of SAIC's team are drawn from six NATO nations including France, Germany, Italy, the Netherlands, the United Kingdom, and the United States. Team members include: Datamat SpA, Diehl BGT Defence GmbH & Co. KG, EADS Astrium, Industrieanlagen-Betriebsgesellschaft mbH (IABG), QinetiQ, Raytheon Company, Thales, ThalesRaytheonSystems, and the Netherlands Organisation for Applied Scientific Research (TNO).
SAIC is a leading provider of scientific, engineering, systems integration and technical services and solutions to all branches of the U.S. military, agencies of the Department of Defense, the intelligence community, the U.S. Department of Homeland Security and other U.S. government civil agencies, as well as to customers in selected commercial markets. With more than 43,000 employees in over 150 cities worldwide, SAIC engineers and scientists solve complex technical challenges requiring innovative solutions for customers' mission-critical functions. SAIC had annual revenues of $7.8 billion for its fiscal year ended January 31, 2006.
SAIC: FROM SCIENCE TO SOLUTIONS(TM)
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 final prospectus relating to its initial public offering, and such other 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.
SOURCE SAIC
11/28/2006
CONTACT: Ron Zollars, San Diego, +1-858-826-7896, zollarsr@saic.com or
Melissa Koskovich, McLean, +1-703-676-6762, koskovichm@saic.com, both of SAIC
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