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SAIC Announces Acceptance of Greek Command, Control, Communications, Coordination, and Integration (C4I) System

Posted on: Monday, 22 December 2008, 06:50 CST

SAN DIEGO and MCLEAN, Va., Dec. 22 /PRNewswire-FirstCall/ -- Science Applications International Corporation (SAIC) (NYSE: SAI) announced today that the Greek Government formally accepted the Command, Control, Communications, Coordination, and Integration (C4I) system designed to address public safety and security needs of the Greek Police, Fire Brigade, Coast Guard and Ambulance Service. The system was initially delivered in July 2004 in connection with the 2004 Summer Olympic Games in Athens. SAIC has since enhanced the system, addressing Greek post-Olympic security needs. With acceptance of the system, ownership and risk of loss transfers to the Greek State, and SAIC becomes entitled to financial consideration as specified in the contract.

"System acceptance is an important milestone in the implementation of this state-of-the-art system, and properly recognizes the tremendous efforts of the Greek State and SAIC to deliver an effective solution," said SAIC executive vice president and project director Donald H. Foley.

The C4I Contract has an aggregate contract value of approximately $322 million. In addition to providing the C4I system, SAIC will provide integrated logistics support of the system through 2013, and cellular network services until 2014, under the C4I Contract.

About SAIC

SAIC is a FORTUNE 500(R) 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 Department of Defense, the intelligence community, the U.S. Department of Homeland Security, other U.S. Government civil agencies and selected commercial markets. SAIC had annual revenues of $8.9 billion for its fiscal year ended January 31, 2008. For more information, visit www.saic.com. SAIC: From Science to Solutions(R)

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, 2008, 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

SOURCE SAIC

Source: PR Newswire

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