SAIC Awarded $11 Million Contract by HollyFrontier Corporation

MCLEAN, Va., Oct. 13, 2011 /PRNewswire/ -- Science Applications International Corporation (SAIC) (NYSE: SAI) announced today it was awarded a prime contract by HollyFrontier Corporation to provide design-build services in support of the construction of a new Benzene Saturation Unit to meet Environmental Protection Agency (EPA) regulatory requirements.  The single-award contract has a value of approximately $11 million, and the new facility is expected to be in operation in June 2012. Work will be performed primarily in Woods Cross, Utah.  

HollyFrontier Corporation is among the largest independent petroleum refiners in the United States, producing and marketing gasoline, diesel, jet fuel, asphalt, heavy products and specialty lubricant products. Under the contract, SAIC will provide design-build services to construct a new Benzene Saturation Unit at HollyFrontier's Woods Cross, Utah site. The project will bring the existing refinery into EPA compliance with current Mobile Source Air Toxics (MSAT) II requirements.  

"We look forward to continuing to support HollyFrontier with quality design-build services as they address the growing need for a clean, reliable, and secure energy supply," said J.T. Grumski, 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 & environment, health and cybersecurity. The company's approximately 41,000 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 approximately $11 billion for its fiscal year ended January 31, 2011. For more information, visit 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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