Twin Contract Wins for SAIC - Analyst Blog

Science Applications International Corporation SAIC, a leading technology integrator, received two major contracts from the U.S. Army Human Resources Command and the State of California Governor's Office of Emergency Services.
    
The first contract entails SAIC to provide the U.S. Army Human Resources Command with the complete spectrum of human resource and information technology IT solutions, including maintenance, integration and development support for systems, applications and databases vital to managing the Army's personnel, in peacetime and at war.

The single-award task order has a 1-year base period of performance, two 1-year options and a potential contract value of approximately $221 million, assuming all options are exercised. Work will be performed largely in Fort Knox, KY.

SAIC also won a major contract from the State of California Governor's Office of Emergency Services to provide planning support services regarding FirstNet. FirstNet is purported to be the first nationwide high-speed wireless, broadband data network committed to public safety. The single-award fixed price/time and materials contract has a 2-year base period of performance, one 12-month option and a potential contract value of approximately $440,000, provided all options are exercised. Work will be executed throughout California.

Per the contract, SAIC will offer planning and outreach support services, including education planning and public safety broadband outreach; engagement and coordination of stakeholders; and conduct presentations and webinars that counsel the Office of Emergency Services on FirstNet legislation. SAIC's deep history and skill in technology, networking and integration make it uniquely positioned to support the planning and eventual building of FirstNet.

SAIC provides technical, engineering and enterprise IT services in the U.S., with its government segment serving the U.S. federal, state and local government agencies as well as foreign governments. The company is focused on harnessing its rich domain knowledge and client relationships to facilitate the delivery of systems engineering and integration services for comprehensive government and commercial projects.

SAIC currently holds a Zacks Rank #3 (Hold). Other stocks in the industry that look promising and are worth a look include Acxiom Corp. ACXM, Amdocs Ltd DOX and Fair Isaac Corp. FICO, all of which sport a Zacks Rank #2 (Buy).