SAIC Awarded $33MTask Order By Naval Surface Warfare Center, Crane
Science Applications International Corporation (NYSE: SAIC) announced today it was awarded a task order by the Naval Surface Warfare Center, Crane Division (NSWC Crane) to provide engineering, technical, and program management support services to the Quality and Systems Engineering Assurance division. The single-award, cost-plus-incentive-fee task order has a one-year period of performance, two one-year options, and a total contract value of approximately $33 million if all options are exercised. The task order was awarded under the SeaPort-e contracting vehicle, and work will be performed primarily in NSWC Crane, Ind. and Cape Canaveral, Fla.
NSWC Crane is a shore command of the U.S. Navy under the Naval Sea Systems Command headquartered in Washington, D.C. It works to harness the power of technology for the warfighter and specializes in full lifecycle support in three mission focus areas: special missions, strategic missions, and electronic warfare/information operations. Under the task order, SAIC will provide engineering and systems integration services including analysis and studies, rapid prototyping, technical documentation, field engineering, rapid delivery support, and other related tasks.
"We are excited to continue to expand our long-standing relationship with NSWC Crane," said Tom Watson, SAIC senior vice president and general manager of the Navy and Marine Corps Customer Group. "This contract enables us to provide highly specialized engineering and technical support services to NSWC Crane on a number of mission critical programs for the Navy."
About SAIC SAIC is a leading technology integrator providing full life-cycle services and solutions in the technical, engineering, and enterprise information technology markets. SAIC's deep domain knowledge and customer relationships enable the delivery of systems engineering and integration offerings for large, complex government and commercial projects. SAIC's approximately 14,000 employees serve customers in the U.S. federal government, state/local, and global commercial markets, specializing in providing a broad range of higher-end, differentiated technical capabilities. Headquartered in McLean, Va., SAIC has annual revenues of about $4 billion. For more information, visit http://www.saic.com/.
Certain statements in this announcement constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements involve risks and uncertainties and 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 Form 10 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.
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