SAIC Receives NVSBC Champions of Veterans Enterprise Award

MCLEAN, Va., Aug. 17, 2011 /PRNewswire/ -- Science Applications International Corporation (SAIC) (NYSE: SAI) announced today that it has been awarded the Champions of Veterans Enterprise Award by the National Veteran Small Business Coalition (NVSBC) for exemplary commitment to working with veteran-owned small businesses.  The award is given in recognition of SAIC's strong support and use of veteran-owned and service-disabled veteran-owned small businesses as subcontractors and suppliers.  It is the only award given to the industry by the veteran-owned small business community.

The mission of NVSBC is to transition veterans into business owners serving the Federal marketplace by working to ensure that veteran businesses are given first consideration for federal prime and subcontracting procurement opportunities.

"The NVSBC is proud to recognize SAIC with the Champions of Veterans Enterprise Award for their outstanding support and subcontracting accomplishments with these small businesses," said Scott Denniston, executive director of NVSBC.  "We consider SAIC to be a true partner in this endeavor, and congratulate the company on receiving one of NVSBC's inaugural awards."

SAIC continually strives to foster relationships with small businesses, specifically those that are veteran-owned.  In Government Fiscal Year 2010, SAIC awarded over $460 million in subcontracts to veteran-owned businesses with over half of that going to service-disabled veteran-owned businesses – marking the fourth consecutive year that SAIC has exceeded the statutory 3% goal for service-disabled veteran-owned small businesses. The company has also provided training in business and proposal development, pricing strategies and program management to more than 150 veteran-owned businesses at no cost, with the purpose of fostering the growth of such firms in the federal marketplace.  These programs are the culmination of a series of initiatives implemented by SAIC, focused on developing strong relationships with veteran-owned and service-disabled veteran-owned small businesses, thereby increasing business opportunities for them.

"At SAIC, we believe veteran-owned small businesses bring the needed capabilities and subject matter expertise to enable SAIC to better serve our customers and their missions," said Jim Cuff, SAIC executive vice president for Business Development, Strategy and M&A. "We are particularly honored to receive this award as it is a recognition of our company's commitment to work with those who have made the sacrifice to serve and continue to serve our country."

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 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 $11.1 billion for its fiscal year ended January 31, 2011. For more information, visit http://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.

SOURCE SAIC

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