SAIC Awarded $42 Million Contract by U.S. Navy

MCLEAN, Va., Oct. 24, 2011 /PRNewswire/ -- Science Applications International Corporation (SAIC) (NYSE: SAI) announced today it was awarded a prime contract by the United States Navy to provide operational and tactical support to United States Fleet Forces Command (USFF). The single-award contract has a six-month period of performance, four one-month options, and a contract value of more than $42 million if all options are exercised.  

USFF supports both the Chief of Naval Operations (CNO) and Combatant Commanders worldwide by providing responsive and sustainable Naval forces. The command provides operational and planning support to Combatant Commanders and integrated warfighter capability requirements to the CNO.  Under the contract, SAIC will provide operational and tactical support to USFF and associated fleet commands, assisting them with fleet training policy and curriculum development and implementation.  SAIC will also assist with development, execution, assessment, and reconstruction of simulation-driven training events and exercises.

"We look forward to continuing to provide USFF with the critical operational and tactical support needed to enable the fleet to support the warfighters during a demanding cycle of pre-deployment planning and training," said Tom Baybrook, 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 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.

SOURCE SAIC

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