SAIC Awarded $19 Million Contract by U.S. Naval Research Laboratory (NRL)
MCLEAN, Va., Aug. 22 2011 /PRNewswire/ — Science Applications International Corporation (SAIC) (NYSE: SAI) announced today it was awarded a prime contract by the U.S. Naval Research Laboratory (NRL) to provide engineering and physical life sciences research and development services in support of the NRL Chemistry Division. The single-award contract has a one-year base period of performance, four one-year options, and a contract ceiling value of more than $19 million if all options are exercised. Work will be performed primarily at NRL facilities in Washington, D.C.
NRL operates as the Navy’s full-spectrum corporate laboratory, conducting a broadly based multidisciplinary program of scientific research and advanced technological development. Under the contract, SAIC will provide engineering and physical life sciences research and development services, as required, in support of the NRL Chemistry Division, including analysis and sensing; carbon cycling in aquatic, marine, and terrestrial ecosystems; materials; and development, analysis, and modeling of unexploded ordnance sensors.
“We look forward to bringing the right people, technology, and systems together to deliver the innovative, integrated solutions that NRL requires to advance the development of maritime applications of new and improved materials, techniques, equipment, systems, and ocean, atmospheric, and space sciences and related technologies,” said J.T. Grumski, SAIC senior vice president and business unit general manager.
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 41,000 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 $11.1 billion for its fiscal year ended January 31, 2011. 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, 2011, 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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