Showing posts with label SAIC Inc. Show all posts
Showing posts with label SAIC Inc. Show all posts

Monday, May 3, 2010

SAIC Schedules First Quarter Fiscal Year 2011 Earnings Release and Conference Call For June 3, 2010


Defense News: MCLEAN, Va., May 3 /PRNewswire-FirstCall/ -- SAIC, Inc. (NYSE:SAI - News), a scientific, engineering, and technology applications company, will issue its first quarter fiscal year 2011 earnings press release after close of market Thursday, June 3, 2010. Management will discuss the financial results in a conference call beginning at 5 p.m. Eastern.

Analysts and institutional investors may participate on the conference call by dialing (800) 510-9661 (U.S./Canada) or (617) 614-3452 (International/Local) and entering passcode 37633811. The conference call will be webcast simultaneously to the public through a link on the Investor Relations section of the SAIC web site (http://investors.saic.com).

A replay of the conference call will be available by telephone approximately one hour after conclusion of the call through June 17, 2010 by dialing (888) 286-8010 (U.S./Canada) or (617) 801-6888 (International/Local) and entering passcode 37633811. In addition, a replay of the webcast will be available on the SAIC web site approximately two hours after the conclusion of the conference call.

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:

Media Relations

Investor Relations


Laura Luke

Mark Sopp


703-676-6533

703-676-2283


laura.luke@saic.com

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Monday, April 12, 2010

SAIC Awarded Contract to Support Naval Air Systems Command



Company to Provide Professional and Analytical Support Services to NAVAIR's Corporate Operations and Comptroller Offices

Defense News: MCLEAN, Va., April 12 /PRNewswire-FirstCall/ -- Science Applications International Corporation (SAIC) (NYSE:SAI - News) today announced it has been awarded a contract by the Naval Air Warfare Center Aircraft Division (NAWCAD) to support the Naval Air Systems Command (NAVAIR) Corporate Operations and Comptroller Offices with a full range of organizational and business services. The multiple award, indefinite-delivery/indefinite-quantity contract has a one-year base period of performance, four one-year options and a ceiling value of $84 million for all awardees. Work will be performed in Patuxent River, Md. and at NAVAIR sites as required.

NAVAIR's Corporate Operations and Comptroller Office serves the U.S. Navy by providing a wide variety of business services to other competencies, commanding officers, site managers, and integrated project/program/enterprise teams. Under the contract, SAIC will provide professional and analytical support services to NAVAIR, as required, by defining and helping establish commercial business best practices to enable the NAVAIR Team to enhance performance and reduce costs. SAIC will also provide support in areas including management; organizational and business improvement; financial and business solutions; and human resources.

"We look forward to continuing our support of this important customer by helping NAVAIR enhance the support they provide to Naval warfighters including program management, strategic planning, and analytical and reporting capability services," said Debbie James, 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 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

Laura Luke


(703) 676-6762

(703) 676-6533


Melissa.l.koskovich@saic.com

laura.luke@saic.com

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Wednesday, March 31, 2010

SAIC results disappoint, shares off


* Q4 net 31 cents vs. estimate 32 cents

* Contract delays cited

* Company to focus on higher-growth defense sectors

* Shares fall after bell


Defense News: ATLANTA, March 30 (Reuters) - SAIC Inc (SAI.N), a provider of technical services for defense and homeland security, posted fourth-quarter results that missed Wall Street estimates on Tuesday and said delays in federal contracts in a tough defense spending environment would weigh on performance over the next year, sending its shares down after the bell.

Walt Havenstein, the former BAE Systems Plc executive who was named SAIC chief executive last year, said the company would boost investment in higher growth areas such as cyber security and energy efficiency, as its core federal services business was expected to see flat or declining growth.

He also said SAIC, which noted stiffer competition for federal contracts, would pursue acquisitions that expand its capabilities in sectors that are growing.

"The industry can no longer rely on a rising tide to lift all boats." Havenstein said during a conference call.

Defense companies are looking to focus on in-demand niche technologies as the Obama administration scales back traditional weapons programs and focuses more intensely on containing costs.

A longer federal decision-making process has constrained contract awards in recent quarters. For example, SAIC said decision delays and award protests put off nearly $1 billion of planned bookings it expected to win in the fourth quarter.

SAIC, which provides consulting and technical support for intelligence gathering, homeland security and defense systems, expects diluted per-share profit from continuing operations to rise 8 percent to 14 percent over the next year, while revenue growth excluding acquisitions grows 3 percent to 6 percent.

On Tuesday, the company said its previous long-term performance goals, which called for annual diluted per share earnings growth of 11 percent to 18 percent and internal revenue growth of 6 percent to 9 percent, were no longer appropriate.

Pacific Crest Securities analyst Erik Olbeter said new business awards in the fourth quarter, which totaled $1.6 billion, was short of his expectations and showed the slowdown in government spending in intelligence was "far more acute than anyone expected."

"Clearly 2011 is a reset year for the company," Olbeter said. "They need to make significant reinvestments in a number of business lines" to restart growth in 2012.

Net income was $123 million, or 31 cents a share, for the fourth quarter ended Jan. 31, up from $120 million, or 29 cents a share, a year earlier.

Analysts expected profit of 32 cents a share, according to Thomson Reuters I/B/E/S.

Revenue rose 7 percent to $2.68 billion, compared with $2.69 billion expected by analysts.

The company posted results after markets closed. SAIC shares fell as much as 6 percent after hours from their close of $18.98 on the New York Stock Exchange. (Reporting by Karen Jacobs; editing by Andre Grenon)
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Tuesday, March 30, 2010

SAIC Awarded Contract by Space and Naval Warfare Systems Center Pacific



Company to Provide Technical and Engineering Support Services for Security, Surveillance and Unmanned Systems

Defense News: MCLEAN, Va., March 29 /PRNewswire/ -- Science Applications International Corporation (SAIC) [NYSE: SAI] today announced it has been awarded a contract by the Space and Naval Warfare Systems Center Pacific (SSC Pacific) to provide technical and engineering support services for security, surveillance, and unmanned systems. This single-award, indefinite-delivery/indefinite-quantity five-year contract valued at $47.6 million includes three, one-year award terms and has a potential value of more than $63 million, if all award terms are exercised. Work will be performed in San Diego.

SSC Pacific is responsible for developing technology and capabilities that enable Navy and joint services decision makers to manage information essential to successful military operations. Under this contract, SAIC will provide technical and engineering services, algorithm development, material analysis, data processing, prototype fabrication and limited production, and program management to support SSC Pacific's unmanned systems; security systems; airspace control; maritime surveillance systems; anti-terrorist force protection surveillance systems; and command, control, communications, computers and intelligence systems.

"SSC Pacific has a critical mission and the systems the SAIC team will support play a vital role fulfilling it," said Tom Baybrook, SAIC senior vice president and business unit general manager. "We look forward to providing tailored solutions for their security, surveillance, and unmanned systems needs."

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 $10.1 billion for its fiscal year ended January 31, 2009. 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, 2009, 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

Laura Luke


(703) 676-6762

(703) 676-6533


Melissa.l.koskovich@saic.com

laura.luke@saic.com

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Tuesday, March 2, 2010

U.S. Army Research, Development and Engineering Command Awards Contract To SAIC

Company to Provide CBRNE (Chemical, Biological, Radiological, Nuclear, and Explosive) services to the Edgewood Chemical Biological Center

Defense News ~ MCLEAN, Va., March 2 /PRNewswire-FirstCall/ -- Science Applications International Corporation (SAIC) (NYSE:SAI - News) today announced it has been awarded a contract by the U.S. Army Research, Development and Engineering Command (RDECOM) to support the Edgewood Chemical Biological Center (ECBC), and other customers, with CBRNE (chemical, biological, radiological, nuclear, and explosive) support services. The multiple award, indefinite-delivery/indefinite-quantity contract has a five year period of performance, and a total value of $485 million for all awardees. Work will be performed at ECBC facilities on Aberdeen Proving Ground (APG), Md., at SAIC offices near APG, and at other customer sites as required.

ECBC is the nation's principal research and development center for chemical and biological warfare agent defense. It develops technology in the areas of detection, protection, and decontamination, and provides support over the entire lifecycle – from basic research through technology development, engineering design, equipment evaluation, product support, sustainment, field operations and disposal. Under the contract, SAIC will provide engineering, research and technology, and program and integration support services to ECBC and other customers including the Joint Program Executive Office for Chemical and Biological Defense (JPEOCBD), the U.S. Army Chemical Materials Agency (CMA), the Assembled Chemical Weapons Assessment (ACWA) program manager, the 20th Support Command, the Departments of Homeland Security (DHS) and Health and Human Services (DHHS), and the FBI.

"SAIC has been providing chemical and biological defense solutions for 30 years to Department of Defense elements," said John Ferriter, SAIC senior vice president and business unit general manager. "We look forward to leveraging our cumulative expertise, and providing science based, technical solutions to help these important customers enhance the Nation's defense against chemical and biological warfare and terrorism."

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 $10.1 billion for its fiscal year ended January 31, 2009. 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, 2009, 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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Monday, March 1, 2010

SAIC Schedules Fourth Quarter and Fiscal Year 2010 Earnings Release and Conference Call for March 30, 2010

Defense News ~ MCLEAN, Va., March 1 /PRNewswire-FirstCall/ -- SAIC, Inc. (NYSE:SAI - News), a scientific, engineering, and technology applications company, will issue its fourth quarter and fiscal year 2010 earnings press release after close of market Tuesday, March 30, 2010. Management will discuss the financial results in a conference call beginning at 5 p.m. Eastern.

Analysts and institutional investors may participate on the conference call by dialing (800) 510-9661 (U.S./Canada) or (617) 614-3452 (International/Local) and entering passcode 37633811. The conference call will be webcast simultaneously to the public through a link on the Investor Relations section of the SAIC web site (http://investors.saic.com).

A replay of the conference call will be available by telephone approximately one hour after conclusion of the call through April 13, 2010 by dialing (888) 286-8010 (U.S./Canada) or (617) 801-6888 (International/Local) and entering passcode 37633811. In addition, a replay of the webcast will be available on the SAIC web site approximately two hours after the conclusion of the conference call.

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 $10.1 billion for its fiscal year ended January 31, 2009. 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, 2009, 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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