SAIC Acquires Additional Transmission & Distribution Engineering Capabilities From Patrick Energy Services

MCLEAN, Va., May 16, 2011 /PRNewswire/ -- Science Applications International Corporation (SAIC) (NYSE: SAI) announced today that it has acquired the transmission and distribution (T&D) engineering capabilities of Patrick Energy Services (PES), a provider of performance-based transmission and distribution power system solutions. The acquisition will enhance SAIC's energy and smart grid services portfolio, adding additional T&D engineering services to the company's existing capabilities in a growing market.

Headquartered outside of Chicago in Lisle, Ill., PES has expertise in providing power solutions to utilities, municipalities, generation developers and large energy consumers. PES provides services for the planning, design, engineering and construction of transmission, substation, distribution, smart grid, SCADA (supervisory control and data acquisition), and protection and control systems.  PES works in energy markets including power generation, transmission, substations, and distribution including renewable energy sources.  The company is also currently working on smart grid projects for transmission infrastructure owners.

The acquisition will enable SAIC to better serve customers including investor owned utilities, public power providers, and transmission operators. As a result of the deal, approximately 200 employees will join the SAIC Energy, Environment & Infrastructure, LLC, subsidiary, led by J.T. Grumski.

"Efficiently integrating the hardware, software, and business processes to deliver the benefits and security of power systems requires unique capabilities," said Grumski. "This deal enhances SAIC's capabilities in transmission and distribution engineering and furthers our efforts to implement efficient energy delivery systems that will enable economic growth into the 21st century."

"We have a lot of momentum right now," said Christopher Dietzler, president of Patrick Energy Services. "PES is solving some of the most challenging problems on the electric grid and has record levels of backlog. Being part of SAIC will provide the financial resources and employee benefits to help us continue to grow and attract the best talent in the industry. Together we can offer fully integrated solutions to our clients and strengthen our position as a leading engineering and infrastructure services provider in the electric utility industry."

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 43,000 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 $11.1 billion for its fiscal year ended January 31, 2011.  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, 2011, 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.

SOURCE SAIC

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