RESTON, Va.--(BUSINESS WIRE)--Science Applications International Corp. (NYSE: SAIC) has been awarded a contract from the State of Texas Department of Information Resources to provide cybersecurity services protecting data center infrastructure and network systems. The contract has a projected value of $36 million over the initial four year term.
“We are thrilled to expand SAIC’s state and local portfolio into Texas, and to strengthen our multi-sourcing integration capabilities through the provision of cross-functional cybersecurity operations,” said Bob Genter, executive vice president and general manager of SAIC’s Civilian Markets Customer Group. “We look forward to helping the Department of Information Resources (DIR) deliver outstanding, secure IT services to the Texas government and its citizens.”
SAIC is the prime contractor on the contract that has a four-year period of performance, with four one-year options. The company will implement security technology and practices to expand, improve, and enhance the Data Center Services (DCS) program’s security posture.
“SAIC is committed to helping DIR innovate and grow, while enhancing their flexibility, agility, and choice,” Genter continued. “Our low-risk approach to implementing security technology and practices will help expand, improve, and enhance the DCS program’s security posture.”
SAIC’s solution includes the implementation and operations of leading cybersecurity technology to secure infrastructure and provide enhanced threat detection and identification. As part of that effort, SAIC will work to enhance the Department of Information Resources’ investment in privileged access management tools.
About SAIC
SAIC® is a premier technology integrator solving our nation’s most complex modernization and readiness challenges. Our robust portfolio of offerings across the defense, space, civilian, and intelligence markets includes high-end solutions in engineering, IT, and mission solutions. Using our expertise and understanding of existing and emerging technologies, we integrate the best components from our own portfolio and our partner ecosystem to deliver innovative, effective, and efficient solutions.
We are 25,500 strong; driven by mission, united by purpose, and inspired by opportunities. Headquartered in Reston, Virginia, SAIC has pro forma annual revenues of approximately $7.1 billion. For more information, visit saic.com. For ongoing news, please visit our newsroom.
Forward-Looking Statements
Certain statements in this release contain or are based on “forward-looking” information within the meaning of the Private Securities Litigation Reform Act of 1995. In some cases, you can identify forward-looking statements by words such as “expects,” “intends,” “plans,” “anticipates,” “believes,” “estimates,” “guidance,” and similar words or phrases. Forward-looking statements in this release may include, among others, estimates of future revenues, operating income, earnings, earnings per share, charges, total contract value, backlog, outstanding shares and cash flows, as well as statements about future dividends, share repurchases and other capital deployment plans. Such statements are not guarantees of future performance and involve risk, uncertainties and assumptions, and actual results may differ materially from the guidance and other forward-looking statements made in this release as a result of various factors. Risks, uncertainties and assumptions that could cause or contribute to these material differences include those discussed in the “Risk Factors,” “Management’s Discussion and Analysis of Financial Condition and Results of Operations” and “Legal Proceedings” sections of our Annual Report on Form 10-K, as updated in any subsequent Quarterly Reports on Form 10-Q and other filings with the SEC, which may be viewed or obtained through the Investor Relations section of our website at saic.com or on the SEC’s website at sec.gov. Due to such risks, uncertainties and assumptions you are cautioned not to place undue reliance on such forward-looking statements, which speak only as of the date hereof. SAIC expressly disclaims any duty to update any forward-looking statement provided in this release to reflect subsequent events, actual results or changes in SAIC’s expectations. SAIC also disclaims any duty to comment upon or correct information that may be contained in reports published by investment analysts or others.
