SAIC Awarded $38 Million Contract by Holly Refining & Marketing - Tulsa LLC

MCLEAN, Va., Nov. 21, 2011 /PRNewswire/ -- Science Applications International Corporation (SAIC) (NYSE: SAI) announced today that effective August 11, 2011 it was awarded a prime contract by Holly Refining & Marketing - Tulsa LLC to provide design-build services in support of its Tulsa refineries.  The contract value is $38 million and the new facilities are scheduled to be completed in 2013.  Work will be performed primarily in Tulsa, Okla.

HRM - Tulsa  purchased two existing and independent Tulsa refineries -- the Sunoco Refinery (now the Holly Refining Tulsa West Plant) and the Sinclair Refinery (now the Holly Refining - Tulsa East Plant).  Under the contract, SAIC will provide design-build services for a new Sodium Hydrosulfide (NaHS) Unit, a new Amine Unit, and the completion of a portion of an interconnecting piping project for the refineries. 

"We look forward to continuing our support of HRM - Tulsa with quality design-build services," said J.T. Grumski, SAIC senior vice president and business unit general manager.  "SAIC believes that the completion of these new projects will enable HRM - Tulsa to better utilize the assets in a more efficient manner."

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 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, 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.

Contact:

Melissa Koskovich
(703) 676-6762
[email protected]

Vernon Guidry
(703) 676-6255
[email protected]

SOURCE SAIC

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