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SAIC wins $96 million defense contract for business modernization

SAIC wins $96 million defense contract for business modernization © Reuters.

RESTON, Va. – Science Applications (NASDAQ:) International Corp. (NYSE: SAIC), a Fortune 500 technology integrator, announced today that it has secured a $96 million contract with the Office of the Under Secretary of Defense for Research and Engineering (OUSD(R&E)). The contract focuses on modernizing business operations to support the delivery of technology capabilities to warfighters.

Vinnie DiFronzo, executive vice president at SAIC, emphasized the importance of the OUSD(R&E) as a longstanding client and the company’s commitment to advancing their mission through this new contract. SAIC’s role will involve leveraging its expertise in data management, knowledge management, and strategic planning to enhance the OUSD(R&E) BusOps. These enhancements aim to increase data reuse and reduce operational delivery times within the organization.

SAIC, headquartered in Reston, Virginia, operates with a workforce of approximately 24,000 employees. The company specializes in providing high-end solutions across various markets, including defense, space, civilian, and intelligence sectors. Its services encompass engineering, digital, artificial intelligence, and mission solutions, all designed to facilitate the nation’s technology transformation.

The company’s annual revenues are reported to be around $6.9 billion, and it prides itself on fostering a diverse, equitable, and inclusive work environment. This contract represents a continuation of SAIC’s efforts to deliver innovative and efficient solutions that meet the critical needs of its customers.

This announcement is based on a press release statement and contains forward-looking information that involves risks, uncertainties, and assumptions. Therefore, actual results may differ materially from the expectations outlined in the forward-looking statements due to various factors. SAIC has cautioned not to rely unduly on these statements, which are valid only as of the date of the release.

The company has also stated that it does not intend to update any forward-looking statement to reflect events or circumstances after the date of the statement.

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