SAIC Awarded $16 Million Contract By U.S. Department of Transportation (DOT)
Company to Help Develop IntelliDrive(SM) Program -- U.S. DOT's New Communications Infrastructure
MCLEAN, Va., Sept. 1 /PRNewswire-FirstCall/ -- Science Applications International Corporation (SAIC) (NYSE: SAI) announced today it was awarded a new contract from the U.S. Department of Transportation (DOT) to help demonstrate real-world applications and support development of the DOT's IntelliDrive(SM) Program, the department's planned new communications infrastructure .The contract has a two year base period of performance, three one-year options and a total value of more than $16 million, if all options are exercised. Work will be performed primarily in Michigan.
IntelliDrive(SM) is a multimodal initiative that aims to enable safe, interoperable networked wireless communications among vehicles, infrastructure, and passengers' personal communications devices. It leverages the capabilities of wireless technology to help make surface transportation more safe, smart and green. The goal of IntelliDrive(SM) is to ultimately enhance the safety, mobility and quality of life of all Americans, while helping to reduce the environmental impact of surface transportation. Under the contract, SAIC will support the DOT's Michigan IntelliDrive Test Bed. The company will provide operation, management, and maintenance services to help ensure continued research, testing, and demonstration of IntelliDrive concepts, standards, applications, and potential products. This test bed will help demonstrate the effectiveness and value of IntelliDrive applications and facilitate nationwide deployment.
"We look forward to supporting the U.S. DOT as they develop a system that will take advantage of the potentially transformative capabilities of wireless technology, furthering the department's efforts to make surface transportation more smart, safe, and environmentally friendly," said Glenn San Giacomo, SAIC senior vice president and business unit general manager.
About SAIC
SAIC is a FORTUNE 500® scientific, engineering, and technology applications company that uses its deep domain knowledge to solve problems of vital importance to the nation and the world, in national security, energy and the environment, critical infrastructure, and health. The company's approximately 45,000 employees serve customers in the U.S. Department of Defense, the intelligence community, the U.S. Department of Homeland Security, other U.S. Government civil agencies and selected commercial markets. Headquartered in McLean, Va., SAIC had annual revenues of $10.8 billion for its fiscal year ended January 31, 2010. For more information, visit www.saic.com. SAIC: From Science to Solutions®
Statements in this announcement, other than historical data and information, constitute forward-looking statements that involve risks and uncertainties. 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 Annual Report on Form 10-K for the period ended January 31, 2010, 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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Melissa Koskovich |
Laura Luke |
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(703) 676-6762 |
(703) 676-6533 |
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SOURCE SAIC
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