RESTON, Va.--(BUSINESS WIRE)--Please replace the release with the following corrected version due to removal of the subheadline.
The updated release reads:
SAIC WINS $830 MILLION U.S. ARMY CONTRACT FOR AVIATION SYSTEMS ENGINEERING SERVICES
Science Applications International Corp. (NYSE: SAIC) has won an $830 million contract to continue providing hardware in-the-loop (HWIL) aviation systems engineering services for the U.S. Army Combat Capabilities Development Command, Aviation & Missile Center (DEVCOM AvMC), Software, Simulation, Systems Engineering and Integration (S3I) Directorate.
Under the potential 5.5-year contract, SAIC will continue to provide systems engineering and integration services to all branches of the armed services and their associated program executive offices/program managers, Department of Defense components, combatant commanders, science and technology programs, other government agencies, test/training commands, cooperative research and development and education agreement partners, universities and research centers/institutes, life cycle sustainment commands, and foreign military sales activities.
“We are honored to have been chosen as the primary provider for the Aviation Systems HWIL Engineering contract and look forward to our continued support of the S3I Directorate, the DEVCOM AvMC, and the American soldier,” said Bob Genter, President, Defense & Civilian Sector, SAIC.
Work under this contract will be performed under General Services Administration’s One Acquisition Solution for Integrated Services (OASIS) professional services contract, managed by the Army Contracting Command - Redstone Arsenal.
“SAIC is privileged to support cutting-edge engineering efforts at S3I and DEVCOM AvMC along with our teammates,” said Gabe Camarillo, senior vice president, Army Business Unit. “We look forward to extending our support to Army aviation modernization in the Huntsville, Alabama area in the years to come.”
As part of the task order, SAIC will specifically support HWIL Aviation Systems including life cycle support to manned and unmanned systems (hardware, software, interfaces), subsystems, components, testbeds/laboratories/infrastructure, external interfaces/networks, and support equipment (e.g., avionics, communication / navigation / surveillance, flight controls, data buses, sensors, seekers, weapon systems, data links, command and control, health monitoring systems, ground equipment). Manned and unmanned systems include rotary, fixed wing, targets, robotic platforms, counter unmanned aerial systems, and associated systems/technologies. Life cycle includes concept research, requirements, design, development, accreditation, testing, operation, and maintenance.
About SAIC
SAIC® is a premier Fortune 500® technology integrator driving our nation’s digital transformation. Our robust portfolio of offerings across the defense, space, civilian, and intelligence markets includes secure high-end solutions in engineering, IT modernization, 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 that are critical to achieving our customers' missions.
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.
