SAIC Awarded $22 Million Contract to Help Build Geothermal Power Plant

MCLEAN, Va., Sept. 13 /PRNewswire/ -- Science Applications International Corporation (SAIC) (NYSE: SAI) today announced it was awarded a contract by USG Nevada LLC, a wholly-owned subsidiary of U.S. Geothermal Inc., a leading renewable energy company, to provide engineering, procurement and construction services for phase one of the San Emidio project -- construction of a geothermal power plant in northwest Nevada. The contract has a 15 month period of performance and a contract value of more than $22 million. Work will be performed by SAIC's wholly owned, design-build subsidiary, The Benham Companies LLC.  SAIC is also providing a project loan for the Phase 1 construction costs.

Geothermal energy is classified as a renewable source of electricity. It is considered to be a clean, environmentally friendly, sustainable method of electrical power generation. The San Emidio project encompasses the construction of a geothermal power plant in two stages. Phase 1 consists of relocation and replacement of an existing power plant, and no drilling is required since the new plant will utilize the production and injection wells currently in use by the existing power plant. The new 11.5 megawatt (MW) plant will have a net electrical output of between 9.1 and 8.1 MWs depending on seasonal and other variations, representing a significant increase in energy generation. Geothermal plants are designed to run 24 hours a day, every day with no emissions.

"The benefits of geothermal energy are far reaching -- since it does not burn fuel, energy production is clean, and renewable," said J.T. Grumski, SAIC senior vice president and business unit general manager. "We look forward to helping design and build this new generation power plant that produces renewable base load electricity, while mitigating environmental impact."

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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