SAIC Awarded Contract By LSB Industries, Inc.

Company to Provide Engineering, Procurement, and Construction Services for Ammonia Plant

Sep 03, 2013, 16:05 ET from SAIC

MCLEAN, Va., Sept. 3, 2013 /PRNewswire/ -- Science Applications International Corporation (SAIC) [NYSE: SAI] announced it was awarded a prime contract by LSB Industries, Inc. to provide engineering, procurement, and construction (EPC) services, managing the design and construction of an ammonia plant and associated facilities.  The single-award cost-plus fixed-fee contract has a two year period of performance and a total contract value of approximately $118 million.  Work will be performed at the El Dorado Chemical Company in El Dorado, Arkansas.

Under the contract, SAIC will provide EPC services, including foundations, structural steel, electrical, and instrumentation; cost control and scheduling; quality control; and overall project construction for the 1350-ton-per-day ammonia plant.  This ammonia plant will provide feedstock for other units at the facility with excess production used to supply an ammonia pipeline or other customers.

LSB Industries, Inc. is a manufacturing, marketing, and engineering company.  LSB's principal business activities, through its subsidiaries, are the manufacture and sale of chemical products for agriculture, industrial, mining, quarry, and construction uses, as well as the manufacture and sale of a broad range of heating, ventilation, and air conditioning products, used in commercial, institutional, and residential buildings.

"We look forward to providing our engineering and construction expertise to support LSB in this important project," said James R. Moos, SAIC senior vice president and group general manager.  "SAIC's EPC services will help self-sustain LSB's products and services so it can serve its markets more quickly and efficiently."

Portions of SAIC are to be renamed Leidos, following SAIC's planned separation into two independent, publicly traded companies, subject to board of directors approval, as previously announced.

About SAIC
SAIC is a FORTUNE 500® scientific, engineering, and technology applications company that uses its deep domain knowledge to solve problems of vital importance to the nation and the world, in national security, energy and the environment, critical infrastructure, and health.  The Company's approximately 38,000 employees serve customers in the U.S. Department of Defense, the intelligence community, the U.S. Department of Homeland Security, other U.S. Government civil agencies and selected commercial markets.  Headquartered in McLean, Va., SAIC had annual revenues of approximately $11.2 billion for its fiscal year ended January 31, 2013.  For more information, visit  SAIC:  From Science to Solutions®

Statements in this announcement, other than historical data and information, constitute forward-looking statements that involve risks and uncertainties. A number of factors could cause our actual results, performance, achievements, or industry results to be very different from the results, performance, or achievements expressed or implied by such forward-looking statements. Some of these factors include, but are not limited to, the risk factors set forth in SAIC's Annual Report on Form 10-K for the period ended January 31, 2013, and other such filings that SAIC makes with the SEC from time to time. Due to such uncertainties and risks, readers are cautioned not to place undue reliance on such forward-looking statements, which speak only as of the date hereof.


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