[August 27, 2020]

SAIC Wins $171.5 Million U.S. Navy Contract for Fleet Deployment Training Support

The U.S. Navy awarded a $171.5 million single-award contract to Science Applications International Corp. (NYSE: SAIC (News - Alert)) to continue providing a range of training solutions, including virtual and synthetic training environments, as part of the Fleet Deployment Training Program supporting U.S. Navy Fleet Forces (USFF) and associated Fleet commands and activities. The renewed prime contract has a 10-month base period of performance, four one-year options, and one six-month extension option.

"SAIC is proud to continue to bring sailors from across the globe together through live, virtual, and constructive training environments to enhance Navy tactics and training required to certify the readiness of units and Battle Groups to meet deployed mission requirements," said Jim Scanlon, SAIC executive vice president and general manager of the Defense Systems Group. "Based on our responsive and high-quality past performance, we can assure the Fleet that SAIC remains highly committed to the mission success of the Navy and our warfighters."

Under the contract, SAIC will continue to provide the requisite Fleet training program support necessary to facilitate the certification of Fleet forces. SAIC also will provide services to assist USFF and associated Fleet commands/activities in execution of pre-deployment and sustainment training within the framework of the Fleet Training Continuum, Fleet Response Training Plan, Optimized Fleet Response Plan, and joint training requirements/capabilities.

SAIC will continue to execute tasks, which include an initial planning conference, mid-planning conference, master scenario event list scripting, final planning, modeling and simulation, academic seminars, event execution, assessment phase, lessons learned collection, and event debriefs.

SAIC will also continue support to the Fleet Synthetic Training (FST) program, which encompasses a variety of synthetic events including group commander (FST-GC), joint (FST-J), sustainment (FST-S) as well as synthetic and live BOLD ALLIGATOR and Large Scale Exercise series exercises. In addition to FST events, SAIC will support ballistic missile defense exercises and sea-launched attack missile exercises. These exercises range from unit to Combined Force Maritime Component Commander level events and provide an appropriate venue for deployment certification for Carrie Strike Groups.

About SAIC

SAIC® is a premier Fortune 500® technology integrator driving our nation's digital transformation. Our robust portfolio of offerings across the defense, space, civilian, and intelligence markets includes secure high-end solutions in engineering, IT modernization, 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 25,500 strong; driven by mission, united by purpose, and inspired by opportunities. Headquartered in Reston, Virginia, SAIC has pro forma annual revenues of approximately $7.1 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 (News - Alert), 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.

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