$SAIC (Science Applications International Corporation)

$SAIC {{ '2016-03-29T12:09:45+0000' | timeago}} • Announcement

Technology integrator $SAIC reported a decline in its 4Q16 earnings, hurt by increased interest expense on incremental term loan borrowings. $SAIC said net income decreased to $28MM or $0.60 per share during the quarter compared to $36MM or $0.75 during 4Q15. Revenue increased 13% to $1.068Bil. Excluding items, $SAIC earned $0.74 per share.

$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.

$SAIC {{ '2017-06-12T21:27:11+0000' | timeago}} • Webcast

$SAIC's contract award activity in 1Q18 led to bookings of approx. $1.3Bil which translates to a strong book-to-bill of 1.2. At the end of 1Q18, $SAIC’s total contract backlog increased to approx. $8.2Bil and funded contract backlog was $1.8Bil. The estimated value of $SAIC’s submitted proposals awaiting award was about $13.2Bil.

$SAIC {{ '2017-06-12T20:33:23+0000' | timeago}} • Announcement

$SAIC's BoD declared a cash dividend of $0.31 per share of the company’s common stock payable on July 28, 2017 to stockholders of record on July 14, 2017.

$SAIC {{ '2017-06-12T20:31:29+0000' | timeago}} • Announcement

$SAIC reported an increase in 1Q18 earnings helped by lower income tax expense. Net income was $49MM or $1.08 per share compared to $33MM or $0.71 per share in 1Q17. Revenues decreased 9% to $1.10Bil versus 1Q17 primarily due to one additional week in 1Q17, contracts losses and other net declines across the portfolio.

$SAIC {{ '2017-06-09T20:59:31+0000' | timeago}} • Announcement

The General Services Administration, on behalf of the US Army Software Engineering Directorate, awarded $SAIC the Virtual, Interactive, and Multimedia, System Engineering Services task order worth more than $404MM. The task order has a one-year period of performance, four one-year options, and work will be performed in Alabama.

$SAIC {{ '2017-03-30T12:52:14+0000' | timeago}} • Webcast

$SAIC said the recompete contracts are in the $40-50MM range YoY which will create a headwind going into FY18. $SAIC expects the FY18 revenue run rate to be comparable to FY17 results. There is upside in 3Q18 and 4Q18 in particular based on pending decisions and timing of future awards of the submitted proposals.

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