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SAIC Recognizes One-Year Anniversary [Travel & Leisure Close - Up](Travel & Leisure Close - Up Via Acquire Media NewsEdge) Science Applications International said it recognized its one- year anniversary on September 27, a year that has been highlighted by strategic growth. According to a release, since separating from its parent, SAIC has improved its operating margins, announced significant contract awards, organized into a more efficient integrated structure, and expanded into new and adjacent markets. In addition, the company delivered on its financial commitments to increase shareholder value through stable revenue, solid cash flows, and predictable capital deployment. "SAIC had a great first year, and I thank our employees for their continued dedication during our year of transformation. We have remained laser-focused on our strategy to deliver valuable services to our customers and enhance shareholder value," said SAIC CEO Tony Moraco. "We transformed SAIC internally by implementing a new operating structure to deliver more of our capabilities to our customers, and this has made us a more agile company capable of weathering many storms." During the past year, SAIC noted, it was awarded several key contracts, protecting much of its core business but also expanding into new markets. Awards include: -U.S. Army Aviation and Missile Command (AMCOM) Express task order: to provide professional and engineering support services to the Army Aviation & Missile Research Development & Engineering Center Software Engineering Directorate (SED): This follow-on single- award task order has a total contract value of more than $836 million. -One Acquisition Solution for Integrated Services (OASIS): a government-wide, indefinite delivery/indefinite quantity acquisition agreement that includes program management, management consulting, logistics, as well as engineering, scientific, and financial services. SAIC is one of six awardees named in all seven pools. -The Fleet Readiness Centers Industrial Product Support Vendor (FRC IPV) Program: an indefinite delivery/indefinite quantity contract worth $190 million by the Defense Logistics Agency to provide the U.S. Navy with industrial hardware used in the repair, maintenance and overhaul of aviation equipment. -The Joint Improvised Explosive Device Defeat Organization (JIEDDO) Joint Center of Excellence (JCOE) Counter-IED Integration Training Program: a $408 million Blanket Purchase Agreement to provide training support services to JIEDDO. -Department of Homeland Security (DHS) EAGLE II: SAIC was selected as a prime contractor on this $22 billion contract. SAIC will compete for a full range of information technology services. "We have taken the best from our roots of the legacy company and have introduced new ideas and solutions to address the changing market we live in today," said Sector President Nazzic Keene. "Nowhere is the result more evident than in our improved business development win rates." More information: www.saic.com ((Comments on this story may be sent to [email protected])) (c) 2014 ProQuest Information and Learning Company; All Rights Reserved. |