MCLEAN, Va., March 21, 2011 /PRNewswire/ -- Science Applications International Corporation (SAIC) (NYSE: SAI) announced today it was awarded a prime contract by the U.S. Navy, Space and Naval Warfare Systems Center (SSC) Atlantic to provide audiovisual (AV) equipment. The multiple award, indefinite-delivery/indefinite-quantity (IDIQ) contract has a one year base period of performance, four one-year options, and a total ceiling value of $500 million for all awardees, if all options are exercised. Work will be performed primarily in Abingdon, Md. and Charleston, S.C.
SSC Atlantic is responsible for the acquisition, integration, fielding and logistics support of C4ISR (Command, Control, Communications, Computers, Intelligence, Surveillance, and Reconnaissance) systems for the Department of Defense and civil federal agencies. Under the contract, SAIC will procure and deliver commercial off-the-shelf audiovisual products, related equipment and accessories to warfighters as required. SAIC will also provide equipment support services to include installation, repair, configuration, and upgrades. The new contract complements the equipment support services SAIC has provided this customer since 1999, enabling the company to now provide a full solution to SSC Atlantic. SAIC is one of five companies eligible to compete for future task orders under the contract.
"We look forward to leveraging the combined C4IT and logistics experience of SAIC to streamline SSC Atlantic equipment procurement, improve supply chain visibility and delivery quality, and provide cost-effective AV products through our existing web-based logistics systems," said Glenn San Giacomo, SAIC senior vice president and business unit general manager.
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 $10.8 billion for its fiscal year ended January 31, 2010. For more information, visit 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, 2010, 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.