SAIC Awarded OASIS Contract by GSA

Company to Provide Program Management, Management Consulting, Logistics, Engineering and Scientific and Financial Services

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SAIC

Aug 19, 2014, 07:50 ET

MCLEAN, Va., Aug. 19, 2014 /PRNewswire/ -- Science Applications International Corp. (NYSE: SAIC) was awarded the One Acquisition Solution for Integrated Services (OASIS) contract, a government-wide, indefinite delivery/indefinite quantity acquisition agreement that includes program management, management consulting, logistics, and engineering, scientific, and financial services. Awarded by the General Services Administration (GSA), these multiple-award contracts have a five-year period of performance, with one five-year option. SAIC is one of six awardees named in all seven pools to perform work both domestically and globally.

OASIS was developed by GSA in response to the government's need for a hybrid, government-wide acquisition vehicle that provides a streamlined solution for both commercial and non-commercial requirements for professional services. Its design reduces duplication of contracting efforts across the government and provides federal agencies with comprehensive, integrated contract options.

Under OASIS, SAIC will provide flexible and innovative solutions for complex professional services across all agencies and departments of the federal government.

"OASIS is a low-risk, one-stop-shop for our federal, civilian and defense customers. GSA's approach provides a government-wide solution for complex integrated solutions and offers even more capabilities and flexibilities," said SAIC Sector President Nazzic Keene. "This critical program solution should drive down cost and increase efficiency across our entire customer base."

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, Va., 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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