MCLEAN, Va., May 19, 2011 /PRNewswire/ -- Science Applications International Corporation (SAIC) (NYSE: SAI) today announced that it has received the 2011 Dwight D. Eisenhower Award for Excellence from the Small Business Administration (SBA). The award is given in recognition of exemplary commitment to using small businesses as subcontractors and suppliers. SAIC received the award in the research and development category.
During government fiscal year 2010, SAIC subcontracted more than $2.2 billon in work to small businesses, accounting for approximately 20 percent of SAIC's total revenue for the same period. The company's commitment to small business has resulted in nearly an 80% increase in the amount of dollars subcontracted to small businesses over the past four years.
The award was presented to Jim Cuff, SAIC executive vice president for Business Development, Strategy and M&A, today at an SBA Small Business Week event in Washington, D.C.
"This award recognizes our commitment to fostering the success of small businesses," said Cuff. "Teaming with small businesses is important to fostering innovation in support of the customers and markets we serve. We are honored to be recognized with this award and look forward to continuing our work with small businesses, which we see as the backbone of our nation's economic growth and prosperity."
The Eisenhower Award, created in 1991, is named for the president under whose administration the SBA was founded. The award honors large federal prime contractors that have excelled in their utilization of small businesses. To be considered for the award, companies must provide significant opportunities for small businesses and demonstrate leadership, advocacy, and innovation with respect to working with them. This is SAIC's sixth SBA Award of distinction including two prior Eisenhower Awards and three Frances Perkins Vanguard Awards.
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 43,000 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 $11.1 billion for its fiscal year ended January 31, 2011. For more information, visit http://www.saic.com/. 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, 2011, 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.