Science Applications Int'l Corp (SAIC)

[DMOST]

SAIC Wins Prime Spot on $245 Million Marine Corps Training Contract

RESTON, Va.--(BUSINESS WIRE)--

Science Applications International Corp. (SAIC) won a prime contractor spot on the $245 million Marine Air–Ground Task Force Training Systems Support multiple-award indefinite-delivery, indefinite-quantity contract.

“SAIC has been providing services and innovative solution in support of the Marine Corps’ global missions for decades,” said Jim Scanlon, executive vice president and general manager of SAIC’s Defense Systems customer group. “We’re excited about this new opportunity to bring our strong capabilities and proven past performance in live, virtual, constructive, and gaming training support to benefit Marine Corps readiness.”

The company will compete for task orders to support pre-deployment training programs to Marine Corps operating forces within the context of Joint and combined environments to improve warfighting skills. The support will include exercise and mission rehearsal support; planning and structuring training; supporting live, virtual, constructive, and gaming training scenarios; and executive and technical training support.

This contract has a 10-year period of performance, and the work will be conducted around the world. SAIC is one of seven awardees.

About SAIC

SAIC® is a premier technology integrator solving our nation’s most complex modernization and readiness challenges. Our robust portfolio of offerings across the defense, space, civilian, and intelligence markets includes high-end solutions in engineering, IT, and mission solutions. Using our expertise and understanding of existing and emerging technologies, we integrate the best components from our own portfolio and our partner ecosystem to deliver innovative, effective, and efficient solutions.

We are 23,000 strong; driven by mission, united by purpose, and inspired by opportunities. Headquartered in Reston, Virginia, SAIC has pro forma annual revenues of approximately $6.5 billion. For more information, visit saic.com. For ongoing news, please visit our newsroom.

Forward-Looking Statements

Certain statements in this release contain or are based on “forward-looking” information within the meaning of the Private Securities Litigation Reform Act of 1995. In some cases, you can identify forward-looking statements by words such as “expects,” “intends,” “plans,” “anticipates,” “believes,” “estimates,” “guidance,” and similar words or phrases. Forward-looking statements in this release may include, among others, estimates of future revenues, operating income, earnings, earnings per share, charges, total contract value, backlog, outstanding shares and cash flows, as well as statements about future dividends, share repurchases and other capital deployment plans. Such statements are not guarantees of future performance and involve risk, uncertainties and assumptions, and actual results may differ materially from the guidance and other forward-looking statements made in this release as a result of various factors. Risks, uncertainties and assumptions that could cause or contribute to these material differences include those discussed in the “Risk Factors,” “Management’s Discussion and Analysis of Financial Condition and Results of Operations” and “Legal Proceedings” sections of our Annual Report on Form 10-K, as updated in any subsequent Quarterly Reports on Form 10-Q and other filings with the SEC, which may be viewed or obtained through the Investor Relations section of our website at saic.com or on the SEC’s website at sec.gov. Due to such risks, uncertainties and assumptions you are cautioned not to place undue reliance on such forward-looking statements, which speak only as of the date hereof. SAIC expressly disclaims any duty to update any forward-looking statement provided in this release to reflect subsequent events, actual results or changes in SAIC’s expectations. SAIC also disclaims any duty to comment upon or correct information that may be contained in reports published by investment analysts or others.

View source version on businesswire.com: https://www.businesswire.com/news/home/20190605005106/en/

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"PEACE"