Science Applications International Corp. SAIC has been selected to provide a range of Information Technology (IT) services on the Department of Veterans Affairs (VA) contracting vehicle.
The vehicle is called Transformation Twenty-One Total Technology Next Generation Two (T4NG2).
SAIC has supported the VA's previous contracting vehicle and successfully executed 16 task orders valued at approximately $935 million, to date.
Under this contract, companies selected will compete for task orders to provide a full range of IT services across 11 technical, functional areas in support of the VA and other federal agencies.
SAIC will serve as a prime contractor in the first position. On the second, the company will be a contractor in the joint venture with Higher Echelon in a mentor-protégé program with SAIC.
On January 9, the U.S. Navy has awarded a $375 million contract to continue providing command, control, communications, computer intelligence, surveillance, and reconnaissance fielding and integration on land-based vehicle platforms to support Naval Information Warfare Center Atlantic (NIWC Atlantic).
Price Action: SAIC shares are trading higher by 1.00% to $128.52 on the last check Wednesday.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
