SAIC Awarded $10 Million Task Order by U.S. Securities and Exchange Commission (SEC)

McLEAN, Va., Sept. 15 /PRNewswire/ -- Science Applications International  Corporation (SAIC) (NYSE: SAI) today announced it was awarded a task order by the U.S. Securities and Exchange Commission (SEC) to provide software development and technical services in support SEC's Office of Information Technology (OIT). The follow-on contract has a one year base period of performance, two one-year options, and a total value of $10 million, if both options are exercised. Work will be performed primarily in Alexandria, Va.  The task order was awarded under SEC's IT Professional Services blanket purchase agreement.

The SEC protects investors, maintains fair, orderly, and efficient markets, and facilitates capital formation. SEC's OIT supports the commission and staff of the SEC in all aspects of information technology (IT). It has overall management responsibility for the commission's IT program, and also operates the Electronic Data Gathering Analysis and Retrieval (EDGAR) system, which electronically receives, processes, and disseminates more than 500,000 financial statements every year. Under the task order, SAIC will support the OIT with software services in areas including development, enhancement, and maintenance. SAIC will also support SEC's development and production environment by performing application development, production support, process management, system integration and maintenance in support of web-enabled, client-server applications.

"We look forward to continuing our relationship with the SEC by providing quality software development services, helping enhance applications to meet changing requirements driven by regulatory, statutory, and organizational change," said Doug Wagoner, 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.

SOURCE SAIC

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