SAIC Awarded Contract To Support the U.S. Naval Inventory Control Point (NAVICP)

MCLEAN, Va., April 13 /PRNewswire-FirstCall/ -- Science Applications International Corporation (SAIC) (NYSE: SAI) today announced it has been awarded, in a competitive solicitation, a prime contract by the Fleet Industrial Support Center Norfolk Det Philadelphia for the Naval Inventory Control Point (NAVICP) to provide technical services in support of the TARP (Technical Assistance for Repairable Processing) program. The follow-on, single award, indefinite-delivery/indefinite-quantity contract has a one-year base period of performance, four one-year options and a ceiling value of more than $47 million, if all options are exercised.    

NAVICP provides Navy, Marine Corps, Joint and Allied Forces program and supply support for the weapons systems that keep our Naval forces mission ready. The organization does this by procuring, managing, supplying and repair scheduling for spare parts to support naval aircraft, submarines and ships worldwide. NAVICP also provides logistics support to allied nations through the foreign military sales program. Under the contract, SAIC will provide technical services in support of the TARP program.  This includes training and hands-on assistance to help enhance and sustain the Naval logistics pipeline both within and outside the continental United States, afloat and ashore, including combat areas such as Afghanistan. SAIC will also work to help NAVICP reduce repair costs and lead-times, while minimizing the investment in required inventory to sustain warfighting operations.

"NAVICP is responsible for more that 400,000 supply items, including repair parts, components and assemblies for ships, aircraft and weapons systems – approximately $15.5 billion in inventory," said Glenn San Giacomo, SAIC senior vice president and business unit general manager. "We are pleased to continue our collaboration with the U.S. Navy as we work together to improve the reverse logistics and packaging of Naval assets, while reducing costs and increasing efficiencies."

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.

    
    
    Contact:  
    Melissa Koskovich
    (703) 676-6762
    [email protected]
    
    Laura Luke 
    (703) 676-6533
    [email protected]

SOURCE SAIC

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