SAIC Awarded $27 Million in Contracts by Holly Corporation

MCLEAN, Va., Sept. 8 /PRNewswire/ -- Science Applications International Corporation (SAIC) (NYSE: SAI) today announced its wholly-owned subsidiary, Benham Constructors, LLC has been awarded two new contracts by a subsidiary of Holly Corporation (NYSE: HOC), an independent petroleum refiner and marketer, to provide engineering, procurement and construction services. The contracts have a combined value of approximately $27 million. Work will be performed in Oklahoma City and Tulsa, Okla.

Holly produces gasoline, diesel and jet fuel as well as specialty lubricants, oil and waxes at its Tulsa refining facility. The first contract will support Holly's Interconnecting Piping Project and is valued at $14 million. Under the contract, Benham will help integrate piping interconnections at Holly's east and west refining facilities by performing tasks such as site preparation; utility relocation; foundation design and installations; and piping and structural steel design, fabrication and installation.

Under the second contract, valued at $13 million, Benham will support Holly's Diesel Hydrotreater Revamp project by developing a front-end process design package, and providing detail engineering, procurement and construction for the modified facilities.

"We look forward to supporting Holly with quality engineering and construction services as they work to enhance the interoperability and efficiency of their refining facilities and operations in Tulsa, and satisfy ultra low sulfur diesel requirements," 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 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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