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SAIC Awarded Contract by USDA Farm Service Agency for Price Support Programs
[October 12, 2017]

SAIC Awarded Contract by USDA Farm Service Agency for Price Support Programs


The United States Department of Agriculture (USDA) awarded Science Applications International Corp (NYSE: SAIC (News - Alert)) a task order to provide the Farm Service Agency (FSA) with support services to the agency's price support programs enabling the delivery of a variety of loan programs for America's crop and dairy producers.

The single-award task order has a one-year base period of performance, four one-year options, and a total contract award value of approximately $43 million if all options are exercised. Work will be performed primarily in Kansas City, Missouri.

"SAIC is proud to provide USDA FSA with web application development and maintenance services to facilitate these critical safety nets for our nation's crop and dairy producers," said Bob Genter, SAIC senior vice president of the Federal Civilian Customer Group. "SAIC brings deep mission understanding and world-class software engineering, information architecture, development, and testing capabilities to USDA FSA. We are excited to begin work on this important task order."

Under the contract, SAIC will provide USDA FSA with application development, operations and maintenance support to enable agricultural market assistance, commodity price support, and margin protection. These services promote market stabilization for agricultural products and provide USDA FSA with a mechanism to reach farmers requiring marketing assistance loans, loan deficiency payments, margin protection programs, and facility loan programs.

About SAIC

SAIC is a premier technology integrator providng full life cycle services and solutions in the technical, engineering, intelligence, and enterprise information technology markets. SAIC is Redefining Ingenuity through its deep customer and domain knowledge to enable the delivery of systems engineering and integration offerings for large, complex projects. SAIC's more than 15,000 employees are driven by integrity and mission focus to serve customers in the U.S. federal government. Headquartered in Reston, Virginia, SAIC has annual revenues of approximately $4.5 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. 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 (News - Alert), which may be viewed or obtained through the Investor Relations section of our website at www.saic.com or on the SEC's website at www.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.



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