June 13, 2016: Science Applications International Corp reports Q1 2016 EPS of $0.80 versus the $0.76 estimate. Revenue also beat coming in at $1.22 billion versus the $1.14 billion estimate. Adjusted EBITDA came in at $86 million versus $65 million year over year. The backlog held steady at $7.2 billion versus $7.2 billion quarter over quarter.
The CEO says, “SAIC delivered solid results for the first quarter of fiscal year 2017 and continued to deploy capital from strong cash flow to enhance shareholder value.The combination of modest market improvements, notable business development results, and an increase in the pace of share repurchases provides a sound foundation to start the fiscal year.”
More Science Applications News
May 24, 2016: Science Applications International Corp was awarded a contract by the Naval supply systems command valued at $343 million. The U.S. Naval Supply Systems Command awarded Science Applications International Corp. (NYSE: SAIC) a prime contract to provide reengineering, development, and personal computer simulation services in support of the commands Naval Training Products and Services program. The indefinite-delivery, indefinite-quantity contract has a three-year base period of performance, one three-year option, and a total estimated value of approximately $343 million for all awardees, if all options are exercised. SAIC is one of five awardees and work will be performed in various locations across the country.
May 05, 2016: Science Applications International Corp was awarded a task order by the Naval Sea Systems Command valued at $141 million. Science Applications was awarded a task order by the U.S. Navy to provide technical solutions to the Naval Sea Systems Command (NAVSEA) Program Executive Office Integrated Warfare Systems. The task order has a one-year base period of performance, two one-year options, and two one-year award terms. The task order is worth a potential value of approximately $141 million, and work will be performed primarily in Washington, D.C.
April 25, 2016: Science Applications International Corp was awarded a $93 million task order by the Software Engineering Directorate under AMRDEC. Science Applications International Corp. was awarded a $93 million task order by the Software Engineering Directorate (SED) under the Aviation and Missile Research, Development and Engineer Center (AMRDEC) within the Department of Army. Under the Human Dimension Support Services (HDSS) task order, SAIC will provide human-performance training services to Special Operations Soldiers, federal agencies and civilian employees.
The hybrid (fixed price and labor hour) task order, awarded under the General Services Administrations One Acquisition Solution for Integrated Services (OASIS) vehicle, has a one year base period of performance, and four one-year options. Work will be performed nationwide.
As part of SAICs training and simulation offering, the company will provide a holistic solution to improving human performance in support of SEDs initiatives across Department of Defense and government agencies, to include software development and scientific research.
March 17, 2016: Science Applications International Corp was awarded $121.5 ACV 1.1 contract by the U.S. Marine Corps. The company announced a prime contract worth $121.5M to build 13 prototypes for the Engineering, Manufacturing and Development of the Amphibious Combat Vehicle Phase 1, Increment 1.
During the EMD phase, SAIC, along with teammate ST Kinetics, will provide the Marine Corps with 13 prototypes that will be tested next year. Work will be performed primarily in SAICs facility in Charleston, South Carolina, where the company is currently providing the Marine Corps with initial survivability upgrades to 10 Assault Amphibious Vehicle prototypes.
March 11, 2016: Science Applications International Corp. announced that it delivered the first Assault Amphibious Vehicle Survivability Upgrade (AAV SU) to U.S. Marine Corps Base Quantico on March 4. Transported from SAICs integration facility in Charleston, South Carolina, this is the first of 10 landmark AAV SU vehicles scheduled to be delivered for testing to the Marine Corps by May.
Following the initial delivery of the AAV SU, the Marine Corps Program Executive Officer (PEO) Land Systems will have approximately 12 months to test and evaluate SAICs solution. SAIC is currently under contract with the Marine Corps to perform initial upgrades to 10 AAV SU prototypes. During the engineering and manufacturing development (EMD) phase, older AAV-P7 models were stripped down to the hull and rebuilt from the underbelly up with survivability upgrades.
February 25, 2016: Science Applications International Corp was awarded a chemical and biological defense contract by the U.S. Army Contracting Command. The U.S. Army Contracting Command awarded Science Applications International Corp. an indefinite delivery, indefinite quantity contract to provide logistics support services to the Joint Program Executive Office for Chemical and Biological Defense (JPEO-CBD). The multiple-award contract has a three-year period of performance, one three-year option, and a total contract value of $900 million for all awardees, if all options are exercised. SAIC is one of 17 awardees. Work will be performed globally depending on the task order.
The JPEO-CBD performs research and development work and oversees the procurement and deployment of biological and chemical detection systems, decontamination platforms, information management tools, collective protection equipment, drugs, vaccines and medical devices. Under the contract, SAIC will provide logistics support to include performance-based logistics, operation maintenance, and supply chain support to military and non-military locations worldwide.
January 11, 2016: NASA awarded Science Applications International Corp. a $485 million contract to provide all services necessary to operate the NASA Enterprise Applications Competency Center (NEACC) located at Marshall Space Flight Center in Huntsville, Alabama. Under the Enterprise Applications Service Technologies (EAST) 2 contract, SAIC will provide services to operate, maintain, and enhance key business and mission-supporting platforms, applications and infrastructure used across the agency.
EAST 2 is a cost-plus performance-fee contract spanning eight years with a potential value of $485 million, if all options are exercised. The contract has a two-year base period of performance, a two-year option, a one-year option, and three one-year award term options. Included in the award is an indefinite delivery, indefinite quantity feature to provide application service support to additional NASA centers. The period of performance will begin Feb. 1 with a potential end date of March 31, 2024.
January 07, 2016: Wells Fargo raised Science Applications International Corp to Outperform from Market Perform, and set a price target of $50 to $52.
December 01, 2015: Science Applications International Corp. was awarded a prime task order to provide full life cycle information technology services to the U.S. Department of Agriculture (USDA) Risk Management Agency (RMA). The single-award task order has a one-year period of performance, four one-year options, and a total contract value of $156 million if all options are exercised. Work will be performed in Kansas City, Missouri.
The USDAs RMA operates and manages the Federal Crop Insurance Corporation, which provides crop insurance to American farmers and ranchers. The contract was awarded by the General Services Administration (GSA), Federal Acquisition Service, Assisted Acquisition Services, Federal Systems Integration and Management Center under the GSA Alliant Governmentwide Acquisition Contract.
Under the contract, SAIC will provide IT services to support development and delivery of new crop insurance products, sustain high employee productivity, develop and maintain new IT systems, and design, deploy, and maintain the underlying infrastructure for RMAs IT systems. SAIC will also provide services that support program and project management, enterprise architecture, software development, IT operations and maintenance, and end-user support.
November 24, 2015: Science Applications International Corp (SAIC Updated Trend Analysis) awarded $121 million US Navy contract. Science Applications was awarded a $121,543,478 contract to produce the Amphibious Combat Vehicle Phase 1, Increment 1 (ACV 1.1). The contract will procure 13 EMD ACV 1.1, and services associated with manufacturing, engineering, logistics and program support. There is also one option during the base period of performance to procure three additional EMD vehicles.
November 02, 2015: Science Applications International Corp awarded $80M Navy Tactical Networks contract. Science Applications International was awarded a prime contract by the Space and Naval Warfare Systems Center Pacific to continue to provide engineering services to the U.S. Navys afloat and ashore assets. The single award, indefinite-delivery, indefinite-quantity contract has a three-year base period of performance worth approximately $80 million. Work will be performed primarily in Norfolk, Virginia and San Diego, California. Additional work will be performed on U.S. Navy Ships and shore sites globally. Tactical Networks In-Service Engineering Activity (TACNET ISEA) is responsible for the sustainment of fielded systems through end-of-life replacement, system upgrades, follow-on, or interrelated system, distant support, on-site repair, installations, and system analysis to ensure networks are performing within designed specifications. TACNET ISEA also provides engineering review of documents in support of production and installation of program-of-record systems.
October 20, 2015: Science Applications International Corporation awarded $109M aviation systems contract from US Army Science Applications International was awarded the Aviation Systems and Computer Resources Support (ASCRS) contract by the U.S. Army Contracting Command Redstone to provide a variety of Aviation Systems Engineering and Software Development services for the Aviation and Missile Research, Development, and Engineering Center (AMRDEC), Software Engineering Directorate (SED).The single-award, cost-plus-fixed-fee delivery order, under the GSA One Acquisition Solution for Integrated Services (OASIS) contract, has a one-year base period of performance, a one-year option, and an estimated contract value of approximately $109 million. Work will be performed primarily at Redstone Arsenal in Huntsville, Alabama.
October 19, 2015: Science Applications International Corporation awarded $757M systems and computer resources support task order Awarded a task order increase to its Systems and Computer Resources Support (SCRS) contract with the U.S. Army Contracting Command Redstone to provide a variety of systems engineering and software development services for the Aviation and Missile Research, Development, and Engineering Center (AMRDEC), Software Engineering Directorate (SED). The single-award, fixed-price level of effort task order, awarded under the U.S. Army Aviation and Missile Command (AMCOM) Expedited Professional & Engineering Support Services (EXPRESS) Blanket Purchase Agreement (BPA), has a one year ordering period, a two-year period of performance, and an estimated contract value of approximately $757 million. Work will be performed primarily at Redstone Arsenal in Huntsville, Alabama.AMRDEC provides and sustains world-class aviation and missile systems to the joint warfighter, supporting national security and defense strategies today and in the future. Under this task order, SAIC will perform life cycle systems and software engineering support to ensure that the Army receives the latest technology and equipment needed for mission success.
October 14, 2015: Science Applications International Corporation awarded $70M contract from FAA for aviation safety Science Applications International was awarded a prime contract by the Federal Aviation Administration (FAA) to continue to provide a variety of professional services support to the Office of Aviation Safety. The single-award, time and materials, and firm-fixed-price contract has a one-year base period of performance, four one-year options, and a total contract value of more than $70 million. Work will be performed primarily in Washington, D.C.The FAA Office of Aviation Safety is responsible for the certification, production approval, and continued airworthiness of aircraft; and certification of pilots, mechanics, and others in safety-related positions. Under the contract, SAIC will provide professional services, including program management and technical expertise in aviation, technical engineering, flight safety and safety management systems, federal rulemaking, aeronautical communications activities, aviation weather programs, and analytical and operations research. SAIC will help develop, review, and implement operational procedures and regulatory and safety policies for air traffic services for NextGen-enabled operational improvements in our nations airspace.
September 21, 2015: Science Applications International Corporation awarded $210M supply chain management contract by DLA. The Defense Logistics Agency (DLA) awarded Science Applications International Corp. an indefinite-delivery, indefinite-quantity contract to provide tailored logistics support (TLS) for maintenance, repair and operations (MRO) requirements at Department of Defense (DoD) and federal installations located in Maryland, Virginia, West Virginia, and Washington D.C. The single-award, firm-fixed-price contract has a five-year period of performance and an estimated total contract value of $210 million.The MRO TLS program allows its customers to order supplies and equipment to fulfill their missions. Under the contract, SAIC will employ commercial business practices to reduce total MRO logistics cost to DLA Troop Support and its customers. SAIC will provide sourcing, procurement and delivery of MRO supplies and incidental MRO services to DoD and federal entities in the northeast region of the United States. Retail storefront services are also included in SAIC’s offering.
Science Applications International Corporation (SAIC Updated Trend Analysis) provides technical, engineering, and enterprise information technology (IT) services in the United States. It serves the U.S. military comprising Army, Air Force, Navy, and Marines; the U.S. Defense Logistics Agency; the National Aeronautics and Space Administration; the U.S. Department of State; and the U.S. Department of Homeland Security. The company’s offerings include engineering and maintenance of ground and maritime systems, logistics, training, and simulation, as well as operation and program support services; and end-to-end services spanning the design, development, integration, deployment, management and operations, sustainment, and security of customers’ entire IT infrastructure.