MCLEAN, Va., April 26, 2012 /PRNewswire/ -- Science Applications International Corporation (SAIC) [NYSE: SAI] announced today it was awarded a prime contract by the U.S. Space and Naval Warfare Systems Command (SPAWAR) to produce the Battle Force Tactical Network (BFTN) system. The contract has a one-year base period of performance, four one-year options, and a contract value of approximately $57 million, if all options are exercised. Work will be performed in Sterling, Va.
As the Navy's Information Dominance Systems Command, SPAWAR designs, develops and deploys advanced communications and information capabilities. The BFTN system provides secure connectivity to the maritime operational environment for Navy and joint forces. Under the contract, SAIC will provide engineering and technical services in support of BFTN systems, as well as production of BFTN rack systems.
"We look forward to providing leading edge solutions to the Navy, allowing for more robust communications for ships at sea," said Thomas Watson, 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 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.