Back to SAI
SAIC Awarded $60 Million Task Order by U.S. Navy to Support Tomahawk Weapon System

MCLEAN, Va. and SAN DIEGO, Nov. 2 /PRNewswire-FirstCall/ -- Science Applications International Corporation (SAIC) (NYSE: SAI) today announced it has been awarded a task order by the Naval Air Systems Command (NAVAIR) to support the Tomahawk Weapons System Program. The task order has a one-year base period of performance, four one-year options, and a total value of more than $60 million if all options are exercised. Work will be performed primarily at Patuxent River, Md. The task order was awarded under the U.S. Navy's SeaPort-e contract.

Under the task order, SAIC will provide technical support services to NAVAIR Program Management Air (PMA) 280, which is responsible for delivering the Tomahawk cruise missile to the U.S. Navy. The Tomahawk provides critical, long range, precision strike missions against high value or heavily defended targets. Under the task order, SAIC will provide services in areas including systems engineering, configuration management, safety, simulation, advance concepts, and test and evaluation.

"SAIC has supported the Tomahawk program through multiple generations of technology and is pleased to continue supporting this critical weapon system program in its evolving mission," said John Fratamico, SAIC senior vice president and business unit general manager.

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                  Laura Luke
    (703) 676-6762                     (703) 676-6533
    melissa.l.koskovich@saic.com       laura.luke@saic.com

SOURCE SAIC

Copyright (2009) PR Newswire. All Rights Reserved.
Back to SAI
Wikinvest © 2006, 2007, 2008, 2009. Use of this site is subject to express Terms of Service, Privacy Policy, and Disclaimer. By continuing past this page, you agree to abide by these terms. Any information provided by Wikinvest, including but not limited to company data, competitors, business analysis, market share, sales revenues and other operating metrics, earnings call analysis, conference call transcripts, industry information, or price targets should not be construed as research, trading tips or recommendations, or investment advice and is provided with no warrants as to its accuracy. Stock market data, including US and International equity symbols, stock quotes, share prices, earnings ratios, and other fundamental data is provided by data partners. Stock market quotes delayed at least 15 minutes for NASDAQ, 20 mins for NYSE and AMEX. Market data by Xignite. See data providers for more details. Company names, products, services and branding cited herein may be trademarks or registered trademarks of their respective owners. The use of trademarks or service marks of another is not a representation that the other is affiliated with, sponsors, is sponsored by, endorses, or is endorsed by Wikinvest.
Powered by MediaWiki