Monday, September 10, 2018 7:38:22 AM
As we prepare to commemorate the fifth anniversary of SAIC later this month, I’m excited to share that a few minutes ago, we announced our intent to acquire Engility creating what will be the second-largest independent technology integrator in the government services sector, with $6.5 billion in combined revenue over the last 12 months.
When the transaction is completed by about the end of January 2019, our employee ranks are expected to grow to 23,000 strong, and create market sub-segment scale in strategic business areas of national interest, to include defense, space, intelligence, and key federal civilian customers such as NASA, and the departments of Justice and Transportation (FAA). It will also more than double our footprint in health services.
This is a bold move that will accelerate our industry ranking and propel us into a market-leading position, creating opportunities for our employees, customers, and shareholders.
The combination of these two complementary businesses will accelerate SAIC’s growth strategy into key markets, enhance its competitive position, and provide significant financial benefits. We will be a powerful force going forward. This marks a major milestone in the execution of our long-term strategy, “Ingenuity 2025.”
We will be gaining 7,500 new teammates who – like us – have a strong desire to make a meaningful impact for their customers and our nation. We expect that the vast majority of you will not be impacted as a result of this, but we will be reassessing our approach on how we do business as a larger entity.
During this process, we expect you will have questions and we are committed to keeping you informed, as appropriate, as we work our way through the transition. We will begin integration planning immediately, under the leadership of COO Nazzic Keene. As in any acquisition, we will seek best practices across both companies and determine how we can continue to strengthen and build on our collective competitive position upon closing.
There is much work to be done between now and then. Until then, the two companies will remain separate, independent entities, and I ask that you remain focused on serving your customers and business as usual.
Five years has flown by since we stood up this new company. I am even more energized today than I was then about our future and what this powerful new combination with its enhanced depth and breadth will generate for our customers, employees, and our shareholders.
GO SAIC
"PEACE"
Recent SAIC News
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