SAIC Secures ~$400M In Space & Intelligence Community Contracts In 2Q23

Science Applications International Corp SAIC has obtained ~$400 million in national security and space contract awards for the second quarter of FY23, in addition to the previously announced $319 million Falconer Air Operations Center Weapon System Sustainment contract with the U.S. Air Force.
The contract awards consist primarily of systems integration and delivery work, new cloud programs, and JADC2 efforts.
“This quarter included revolutionary technical awards that set us apart from our peers in critical areas like digital engineering, multi-cloud and JADC2,” commented Michael LaRouche, president National Security and Space Sector at SAIC.
Price Action: SIAC shares are trading higher by 0.99% at $92.46 on the last check Monday.

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