SAIC Awarded $11 Million Contract to Deliver Composite Building Material Manufacturing Facility
MCLEAN, Va., Sept. 21 /PRNewswire/ — Science Applications International Corporation (SAIC) (NYSE: SAI) announced today it was awarded a new prime contract by Boral Composites Inc. to design and build a composite building material manufacturing facility. The contract is valued at more than $11 million, and the project is scheduled for completion in June of 2011. Work will be performed by SAIC’s wholly-owned, design-build subsidiary, The Benham Companies LLC. Design work will be performed in Oklahoma City, Okla., with construction performed at the new facilities site in East Spencer, N.C.
Boral Bricks Inc is the largest manufacturer and distributor of clay brick in the United States. The new Boral Composites facility will be located on property adjacent to Boral Bricks’ current East Spencer, N.C. site, and will meet the United States Green Building Council’s Leadership in Energy & Environmental Design (LEED) standards, minimizing energy use and conserving other resources. The facility will manufacture a line of exterior building products made primarily of recycled and rapidly renewable materials.
“Adopting new ‘green’ technologies such as this will help further the global adoption of sustainable green building and development practices,” said J.T. Grumski, SAIC senior vice president and business unit general manager. “We look forward to strengthening our relationship with Boral, and delivering a quality plant that will enable them to manufacture a line of exterior building products, using recycled and renewable materials.”
This new project builds on SAIC’s prior work for Boral. Most recently, SAIC completed the design and construction of a 295,000-square-foot Indiana plant – the largest brick manufacturing facility in the U.S. SAIC received the Design-Build Institute of America (DBIA) 2009 National Excellence Award for the design and construction of the LEED Gold certified facility.
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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