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SAIC Awarded $37 Million Task Order to Support Naval Surface Warfare Center (NSWC) Crane Division

July 15, 2010

MCLEAN, Va., July 15 /PRNewswire-FirstCall/ — Science Applications International Corporation (SAIC) (NYSE: SAI) today announced it has been awarded a task order by the Naval Surface Warfare Center (NSWC) Crane Division to provide engineering and technical support to NSWC’s Power, Energy and Interconnect Technologies Division. The task order has a two year base period of performance, three one-year options and a total value of more than $37 million if all options are exercised. Work will be performed primarily in Crane, Ind. The task order was awarded under the U.S. Navy’s SeaPort-e contract.

NSWC’s Power, Energy and Interconnect Technologies Division (code GXS) focuses on emerging technologies that represent leading edge fields of study that will produce power sources for the next generation of military systems. The division is home to the Department of Defense’s (DoD) largest collection of electrochemical storage, printed circuit board, and power electronics resources. In this capacity NSWC Crane’s code GXS provides support to programs for the Army, Navy, Air Force and Missile Defense Agency. Under the contract, SAIC will support the division by providing services in areas including research and development; prototyping; fabrication; modeling and simulation; logistics, interoperability testing, and quality assurance. Specific technologies SAIC will be providing engineering support for include circuit boards, batteries, fuel cells, power supplies, alternative energy, and advanced energy storage.

“We look forward to broadening our support of NSWC Crane by working together to bring forth new advanced power technologies, giving our warfighters more tools to help accomplish their critical missions,” said Tom Baybrook, 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

SOURCE SAIC


Source: newswire



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