MCLEAN, Va., April 12, 2012 /PRNewswire/ -- Science Applications International Corporation (SAIC) (NYSE: SAI) today announced it was awarded a task order by the U.S. Space and Naval Warfare Systems Center (SSC) Atlantic to provide program management, technical, engineering, application development and operational support required to manage, enhance and develop new solution functionality for Veteran's Affairs (VA) benefit systems. The contract has a one-year base period of performance, one one-year option, and a total value of approximately $37 million if all options are exercised. The task order was awarded under the U.S. Army's Information Technology Enterprise Solutions 2 Services contract.
The VA Office of Information and Technology (OI&T), Product Development, provides information technology services to those responsible for disbursing veterans' benefits in a timely and compassionate manner. Under the contract, SAIC will support the strategic planning, design, development, deployment, and support of information management (IM) and information technology (IT) initiatives within the VA. SAIC will also help manage systems engineering and program development processes in accordance with industry best practices. The company, in conjunction with the VA, will facilitate the development of IM and IT strategic planning to support continued enhancements and development of VA benefit applications currently in production, such as the Chapter 33 LTS, as well as new systems.
"This work is vital to our veterans and their families," said Jim Thigpen, SAIC senior vice president and business unit general manager. "We look forward to helping support these critical systems, which ultimately have a direct impact on the quality of life of our veterans for years to come."
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 41,000 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 $10.6 billion for its fiscal year ended January 31, 2012. 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, 2012, 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.