SAIC Awarded $408 Million Blanket Purchase Agreement by GSA FEDSIM On Behalf Of DoD

Company to Provide Training Support Services to the Joint Improvised Explosive Device Defeat Organization (JIEDDO)

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Sep 08, 2014, 04:30 ET

MCLEAN, Va., Sept. 8, 2014 /PRNewswire/ -- Science Applications International Corporation (NYSE: SAIC) was awarded a Blanket Purchase Agreement (BPA) to support the Joint Improvised Explosive Device Defeat Organization (JIEDDO) Joint Center of Excellence (JCOE) Counter-IED Integration Training Program. The multiple-award BPA awarded against the General Services Administration's (GSA) Federal Supply Schedules by the GSA Federal Systems Integration and Management Center (FEDSIM), has a period of performance from April 8, 2014 to April 7, 2019 and has a total estimated value of $408 million. SAIC is one of four awardees and the work will be performed domestically as well as globally.

The Joint Center of Excellence is JIEDDO's lead organization for the train-the-force line of operation and is responsible for developing the training capabilities that enable the services' and combatant commanders' mission of preparing U.S. forces to defeat the IED threat. Under the BPA, SAIC will support training, experimentation, and the testing of new equipment and concepts; maintain a deployable capability in the field; facilitate individual, collective and strategic training; and validate and propagate IED defeat. SAIC will also assist with the development, installation, maintenance, and disposal of training devices used in conjunction with IED-related training classes.

"This award provides SAIC the opportunity to continue supporting the Joint Center of Excellence (JCOE) Counter-IED Integration Training Program's important mission," said John Gully, SAIC senior vice president and general manager of the Army and Air Force Customer Group. "This critical program prepares our forces to overcome IED threats and, as a result, save lives."

About SAIC

SAIC is a leading technology integrator providing full life cycle services and solutions in the technical, engineering, and enterprise information technology markets. SAIC's deep domain knowledge and customer relationships enable the delivery of systems engineering and integration offerings for large, complex government and commercial projects. SAIC's approximately 13,000 employees serve customers in the U.S. federal government, state/local, and global commercial markets, specializing in providing a broad range of higher-end, differentiated technical capabilities. Headquartered in McLean, Virginia, SAIC has annual revenues of about $4 billion. For more information, visit www.saic.com. For ongoing news, please visit our newsroom.

Certain statements in this announcement constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements involve risks and uncertainties and 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 Form 10-K 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.

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