SAIC Awarded Basic Ordering Agreement to Support Naval Surface Warfare Center (NSWC) Crane Division
MCLEAN, Va., Aug. 12 /PRNewswire-FirstCall/ — Science Applications International Corporation (SAIC) (NYSE: SAI) today announced it has been awarded a Basic Ordering Agreement (BOA) to provide research and development support to the Naval Surface Warfare Center (NSWC) Crane Division. The multiple award BOA has a five-year period of performance and is valued at $49 million for all awardees. Work will be performed in Crane, Ind. and at contractor facilities as required.
The Crane Division is one of five divisions of NSWC which maintains a full spectrum of research, development, acquisition, test and evaluation, and support capability for surface warfare combat and weapon systems and hull, mechanical, and electrical systems. It focuses on harnessing the power of technology for the warfigher by specializing in full lifecycle support. If awarded a contract under the BOA, SAIC will provide research and development support in areas including strategic systems, special operations hardware, electronic warfare, radar, energy and power systems, and defense security systems.
“We’ve supported NSWC Crane for more than 20 years, providing quality services to help address their complex challenges,” said Tom Baybrook, SAIC senior vice president and business unit general manager. “We look forward to continuing our support, helping them enhance mission activities that are of critical importance to supporting the warfighter.”
SAIC is a FORTUNE 500Ã‚® 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 SolutionsÃ‚®
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.
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