Science Applications International Corp. (NYSE: SAIC) was awarded a $390 million task order by the General Services Administration on behalf of U.S. Space Force/Space Systems Command to continue providing systems engineering and integration services to help modernize the nation's Global Positioning Systems (GPS) program.
"As the U.S. Space Force completes the modernization of the GPS Programs of Record, SAIC helps ensure success for the benefit of both the civil and military user communities," said Michael LaRouche, president of SAIC's National Security and Space Sector. "This award allows SAIC to continue our role as an integrator of critical capability to space missions."
Under the task order, SAIC will support the Space Systems Command's GPS programs of record, as well as its Positioning, Navigation and Timing (PNT) enterprise ? a system-of-systems that contains space vehicles, ground infrastructure and all GPS military user equipment. SAIC will also support future PNT planning.
The PNT enterprise represents a critical component of the U.S. critical infrastructure, supporting the civil, military and commercial uses on which all Americans rely for their work and leisure activities.
In support of these programs, SAIC will develop operational and capabilities-based requirements; provide planning and architecture development; establish system engineering processes; leverage digital engineering innovations; plan and execute enterprise, integrated system and cybersecurity test, evaluation and verification; develop enterprise schedules for system and capability delivery; and support currently fielded GPS systems as well as the transition to future GPS systems.
The task order, awarded under the U.S. General Services Administration's One Acquisition Solution for Integrated Services (OASIS) government-wide multiple award, indefinite delivery indefinite quantity contract, includes a base period of 10 months followed by six one-year option periods and a final six-month option period.
For more information on the SAIC space solutions, visit www.saic.com/who-we-serve/space.
SAIC® is a premier Fortune 500® technology integrator driving our nation's technology transformation. Our robust portfolio of offerings across the defense, space, civilian and intelligence markets includes secure high-end solutions in engineering, digital, artificial intelligence 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 that are critical to achieving our customers' missions.
We are approximately 26,000 strong; driven by mission, united by purpose, and inspired by opportunities. SAIC is an Equal Opportunity Employer, fostering a culture of diversity, equity and inclusion, which is core to our values and important to attract and retain exceptional talent. Headquartered in Reston, Virginia, SAIC has annual revenues of approximately $7.4 billion.???? For more information, visit saic.com. For ongoing news, please visit our newsroom.
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.