SAIC Awarded $24 Million Space and Naval Warfare Systems Center Atlantic Contract

MCLEAN, Va., Oct. 11, 2011 /PRNewswire/ -- Science Applications International Corporation (SAIC) (NYSE: SAI) today announced it was awarded a task order by the Space and Naval Warfare Systems Center (SSC) Atlantic to provide Veterans Affairs (VA) Benefits Integrated Product Team (IPT), Chapter 33 long-term solution (LTS) engineering and program support. The contract has a one-year base period of performance, two one-year options, and a total value of more than $24 million if both options are exercised. The task order was awarded under the U.S. Army's Information Technology Enterprise Solutions 2 Services (ITES-2S) contract.

The VA Benefits IPT helps provide veterans the benefits and services they have earned through military service. Under the contract, SAIC will provide technical and engineering support, as well as the application development and operational services required to develop, manage and enhance new functionalities for VA benefit systems, including Chapter 33 LTS. SAIC will also help manage systems engineering and program development processes in accordance with industry best practices.

"We look forward to continuing our support of these critical VA systems, helping increase automation and enhance technical service-oriented capabilities, which will ultimately streamline delivery of Chapter 33 benefits to veterans and their families," said Jim Thigpen, 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 Jan. 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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