$SAIC (Science Applications International Corporation)

$SAIC {{ '2016-06-13T12:45:15+0000' | timeago}} • Webcast

$SAIC's operating income of $66MM in 1Q17, resulted in operating margin of 5.4%. This margin was negatively impacted by $7Bil of acquisition integration costs, that if excluded, results in an adjusted operating margin of 6%. Excluding acquisition integration costs, adjusted diluted EPS was $0.80 and tax rate for the quarter was about 37%.

$SAIC {{ '2017-12-18T11:43:54+0000' | timeago}} • Announcement

$SAIC said the Audit Committee of its BoD approved Ernst & Young LLP as its independent registered public accounting firm for FY19, replacing Deloitte & Touche LLP. This follows a formal competitive review of several independent registered public accounting firms.

$SAIC {{ '2017-12-14T13:04:01+0000' | timeago}} • Announcement

$SAIC board authorized and declared a regular quarterly cash dividend of $0.31 per share. The cash dividend is payable on January 26, 2018 to stockholders of record on January 12, 2018.

$SAIC {{ '2017-12-12T13:05:15+0000' | timeago}} • Announcement

$SAIC said Mark Johnson has been appointed as a member of its BoD, effective Dec 12, 2017. Johnson will serve on the Audit Committee. Johnson is the co-founder and Managing Partner of Astra Capital Management, a private equity firm specializing in communication and technology services.

$SAIC {{ '2017-12-07T21:37:05+0000' | timeago}} • Announcement

$SAIC's net bookings during 3Q18 were approx. $2.6Bil, which reflects a book-to-bill ratio of approx. 2.3. The company's estimated backlog of signed business orders at the end of the quarter was approx. $10.7Bil of which $2.6Bil was funded.

$SAIC {{ '2017-12-07T21:33:45+0000' | timeago}} • Announcement

$SAIC 3Q18 profit rose, primarily due to lower interest expense as a result of refinancing long-term debt in the prior year. Net income rose to $43MM, or $0.98 per share, from $42MM, or $0.91 per share during 3Q17. Revenues rose 3% YoY to $1.1Bil, helped by higher revenue on new contracts supporting NASA, the U.S. Army and the EPA.

$SAIC {{ '2017-11-06T13:03:13+0000' | timeago}} • Announcement

$SAIC, a diversified technology firm, said it received a $980MM order from the US Army Software Engineering Directorate for supply of battlefield systems. The task order has a one-year period of performance with two one-year options. SAIC will help to provide new technologies to war-fighters in the field, and provide systems engineering solutions.

$SAIC {{ '2017-10-31T13:15:58+0000' | timeago}} • Announcement

The Defense Automotive Technologies Consortium, led by engineering firm $SAIC, has received a $237MM contract from the US Army to assist in the development of a next generation combat vehicle - experimental prototype. GS Engineering and Lockheed Martin, among others, are also part of the project.

$SAIC {{ '2017-10-18T14:46:30+0000' | timeago}} • Announcement

$SAIC received a task order worth about $93MM from the U.S. Cyber Command (USCYBERCOM) to support the Directorate of Operations (J3) Joint Operations Center and Special Programs. The task order has a one-year base period of performance and four one-year option periods.

$SAIC {{ '2017-10-12T12:36:24+0000' | timeago}} • Announcement

$SAIC received an award from the United States Department of Agriculture (USDA) Farm Service Agency for Price Support Programs. The single-award task order has a one-year base period of performance. The contact value is approx. $43MM.

$SAIC {{ '2017-10-10T20:42:01+0000' | timeago}} • Announcement

$SAIC was awarded a task order by the US Department of Agriculture to provide the Farm Service Agency with web application development and maintenance services for conservation programs. The single-award task order has a one-year base period of performance, four one-year options, and a total value of approx. $43MM if all options are exercised.

$SAIC {{ '2017-10-05T21:08:50+0000' | timeago}} • Announcement

$SAIC will compete to develop combat vehicle prototypes to meet the US Army’s need as part of the Mobile Protected Firepower (MPF) program. SAIC, together with ST Kinetics and CMI Defence, will compete for an EMD contract to build prototypes that incorporate a lightweight combat vehicle design while providing mobility and lethality for Army units.

$SAIC {{ '2017-10-04T21:01:23+0000' | timeago}} • Announcement

$SAIC's BoD authorized and declared a regular quarterly cash dividend of $0.31 per share. The dividend is payable on Oct. 27, 2017 to stockholders of record on Oct. 13, 2017.

$SAIC {{ '2017-09-26T12:22:08+0000' | timeago}} • Announcement

The U.S. Department of Agriculture (USDA) awarded $SAIC the Information Technology Governance, Management, Strategy and Security blanket purchase agreement to provide enterprise architecture and security support services to the USDA. The multiple-award agreement has a ceiling value of $250MM for all awardees. $SAIC is one of two awardees.

$SAIC {{ '2017-09-21T22:41:48+0000' | timeago}} • Announcement

$SAIC has been awarded a $165MM contract by the Commonwealth of Virginia to serve as a multisourcing service integrator (MSI) to help modernize the state’s technology infrastructure. The single-award contract has a five-year base period of performance, two, two-year options, and a potential value of $272MM, if all options are exercised.

$SAIC {{ '2017-09-06T14:29:26+0000' | timeago}} • Announcement

Technology integrator $SAIC received two contract of approx. $161MM by NASA. Under the multiple-award, IDIQ contract, $SAIC will provide highly-specialized, and advanced research and development IT.

$SAIC {{ '2017-07-19T14:03:47+0000' | timeago}} • Announcement

$SAIC received a $621MM U.S. Central Command task order to provide IT support services to the J6 Directorate. The single-award contract has a one-year base period of performance, four one-year options, and two one-year performance-based term periods.

$SAIC {{ '2017-06-28T11:52:24+0000' | timeago}} • Announcement

$SAIC received a prime contract from the State of Maryland to provide information technology (IT) solutions and services to its agencies. The multiple-award, indefinite-delivery, indefinite-quantity contract has an 11-year period of performance and is worth about $2.5Bil for all awardees.

$SAIC {{ '2017-06-16T10:46:30+0000' | timeago}} • Announcement

Technology integrator $SAIC has incorporated $DVMT unit Dell EMC’s Adaptivity platform into its cloud services. The company will use Adaptivity to determine suitable cloud platforms based on customer’s needs and metrics, thereby accelerating technology investment decisions. Adaptivity will be part SAIC’s Cloud Migration Edge solution.

$SAIC {{ '2017-06-12T21:46:18+0000' | timeago}} • Webcast

$SAIC said the $9MM relating to the platform integration program were costs or investments that were decided to be made in 1Q18. The company expects an additional $3MM of impact for full-year 2018. So the total full-year impact of platform integration will be $12MM or 30BP in 2018.

$SAIC {{ '2017-06-12T21:39:32+0000' | timeago}} • Webcast

$SAIC expects free cash flow of $240MM for FY18. In FY18, $SAIC expects to pay dividends of about $55MM, make total debt payments of about $25MM with the remainder of cash in excess of $150MM available for further share repurchase and strategic M&A.

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