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SAIC Announces Record Level of Small Business Utilization

MCLEAN, Va. and SAN DIEGO, Oct. 26 /PRNewswire-FirstCall/ -- Science Applications International Corporation (SAIC) (NYSE: SAI) today announced that its small business strategy has yielded a record level of small business utilization for Government Fiscal Year 2009 (GFY 09), which ended in September. During GFY 09, SAIC awarded approximately $2 billion in subcontracts to small businesses, reflecting a 21 percent increase from last year. This included approximately $727 million awarded to women- and minority-owned firms, and more than $335 million awarded to veteran-owned businesses.

SAIC's GFY 09 performance significantly exceeded the government's statutory goals for women- and minority-owned businesses, as well as service disabled veteran-owned businesses. The results are the culmination of a series of initiatives implemented by SAIC, aimed at developing strong relationships with small businesses and increasing business opportunities for them. These initiatives include free training provided to small businesses by SAIC in areas including business and proposal development, pricing, and program management.

"The success of small businesses is vital to our nation's economic growth and prosperity," said Arnold Punaro, SAIC executive vice president of Government Affairs, Communications and Support Operations. "We are pleased to be a recognized leader in small business utilization and will continue to support the growth and development of these companies."

SAIC has been recognized for outstanding work by the Small Business Administration (SBA), the Department of Defense (DoD) and other Federal agencies. The company has earned 12 DoD Nunn-Perry Awards for mentor-protege performance, two SBA Dwight D. Eisenhower Awards, as well as two SBA Frances B. Perkins Awards, demonstrating SAIC's commitment to small business excellence.

About SAIC

SAIC is a FORTUNE 500(® )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®

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

SOURCE SAIC

Copyright (2009) PR Newswire. All Rights Reserved.
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