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Market Overview

SAIC Bags 5.5 Year $830M US Army Contract

  • Science Applications International Corp. (NYSE: SAIChas won a 5.5-year $830 million contract to continue providing hardware-in-the-loop (HWIL) aviation systems engineering services for the U.S. Army Combat Capabilities Development Command, Aviation & Missile Center (DEVCOM AvMC), Software, Simulation, Systems Engineering and Integration (S3I) Directorate.
  • SAIC will continue to provide systems engineering and integration services to every army branch under the contract.
  • General Services Administration’s One Acquisition Solution for Integrated Services (OASIS) professional services contract, headed by the Army Contracting Command - Redstone Arsenal will supervise the work.
  • Price action: SAIC shares closed 0.70% higher at $95.92 on Monday.

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