SAIC Receives Contract by Pension Benefit Guaranty

Science Applications International Corporation (SAIC)

announced today it was awarded a prime contract by the Pension Benefit Guaranty Corporation (PBGC) to provide information technology (IT) and operations support services. The multiple-award, indefinite-delivery/indefinite-quantity (IDIQ) contract has a one-year base period of performance, four one-year options, and a total ceiling value of $140 million for all awardees, if all options are exercised. SAIC was also awarded the first task order under the IDIQ with a one-year base period of performance, four one-year options, and a total contract value of approximately $74 million, if all options are exercised. PBGC manages retirement incomes for more than 44 million American workers in more than 27,000 private-sector benefit pension plans. Under the contract, SAIC will provide IT and operations support services to modernize, consolidate and simplify PBGC's technical infrastructure to improve performance, cut costs and improve PBGC's security infrastructure.