SAIC Awarded $118.5 Million Task Order by U.S. Navy
Company to provide training support to U.S. Fleet Forces Command
MCLEAN, Va., May 7, 2015 /PRNewswire/ -- The U.S. Navy awarded Science Applications International Corp. (NYSE: SAIC) a task order to provide fleet deployment training program support to the U.S. Fleet Forces Command. The single-award, cost-plus-fixed-fee task order has a one-year base period of performance, four one-year options, and a total contract value of approximately $118.5 million if all options are exercised. The task order was awarded under the SeaPort-e contracting vehicle, and most of this work will be performed in Norfolk, Virginia and San Diego, California.
"SAIC has a proud history of providing the Navy with critical training support to help prepare warfighters for their missions. Helping sailors to achieve their training objectives and to prepare them for overseas deployment is a top priority for us," said Tom Watson, SAIC senior vice president and general manager of the Navy and Marine Corps Customer Group.
Under the contract, SAIC will assist Fleet Forces Command with fleet training policy/directive development and implementation; curriculum development and instruction; and synthetic training and live exercise development, execution, assessment, and reconstruction.
About SAIC
SAIC is a premier technology integrator providing full life cycle services and solutions in the technical, engineering, intelligence, and enterprise information technology markets. SAIC is Redefining Ingenuity through its deep customer and domain knowledge, talented people, effective processes, and innovation to enable the delivery of systems engineering and integration offerings for large, complex projects. SAIC's approximately 15,000 employees are driven by integrity and mission focus to serve customers in the U.S. federal government, state/local, and global commercial markets. Headquartered in McLean, Virginia, SAIC has annual revenues of about $4.4 billion. For more information, visit http://www.saic.com. For ongoing news, please visit our newsroom.
Certain statements in this announcement constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements involve risks and uncertainties and 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 and other such filings that SAIC makes with the SEC from time to time, which may be viewed or obtained through the Investor Relations section of our web site at www.saic.com. 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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SOURCE SAIC
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