SAIC Awarded 2010 Small Business Administration Frances Perkins Vanguard Award

MCLEAN, Va., May 27 /PRNewswire-FirstCall/ -- Science Applications International Corporation (SAIC) (NYSE: SAI) today announced that it has received the 2010 Frances Perkins Vanguard Award for Excellence from the Small Business Administration (SBA).  The award is given in recognition of exemplary utilization of women-owned small businesses.  This is the third time that SAIC has received this award.

During Government Fiscal Year 2009, SAIC awarded approximately $2 billion in subcontracts to small businesses. This included more than $360 million in subcontracts awarded to women-owned firms.  For the past five government fiscal years, SAIC has exceeded the five percent statutory goal, consistently awarding approximately 10% of total dollars subcontracted to women-owned small businesses. The company's commitment to small business development has resulted in nearly a 50% increase in the amount of dollars subcontracted to women-owned small businesses during the same period.

Nominees for the Perkins Award are evaluated in areas including leadership, advocacy, innovation and implementation. The award was presented to Jim Cuff, SAIC senior vice president for business development, today at an SBA Small Business Week event in Washington, D.C.  

"We understand the power of the entrepreneurial spirit that drives women-owned small businesses," said Cuff. "This award recognizes our commitment to fostering the success of small businesses – we realize that they are vital to our nation's economic growth and prosperity."

SAIC has also earned two SBA Dwight D. Eisenhower Awards for small business excellence.

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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