Jun 15, 2015, 07:05 ET
MCLEAN, Va., June 15, 2015 /PRNewswire/ -- Science Applications International Corp. (NYSE: SAIC) was awarded three prime contracts for the Tank and Automotive Command (TACOM) Strategic Service Solutions (TS3) family of contracts. These contracts will provide the U.S. Army a variety of services and solutions to support the TACOM Life Cycle Management Command, the Program Executive Offices for Ground Combat Systems, Combat Support & Combat Service Support, System of Systems Engineering & Integration, and the Tank Automotive Research and Development Command (TARDEC).
The multiple-award, indefinite-delivery, indefinite-quantity contracts cover three individual service areas: a knowledge based services contract worth a total of $1.8 billion; an equipment related services contract worth a total of $1.1 billion; and a research & development services contract worth a total of $634 million. The contracts each have a five-year period of performance, and a combined total contract value of more than $3.2 billion available to all awardees. SAIC is one of four awardees that will compete for task orders under all three contracts. Work will be performed primarily in Sterling Heights, Michigan.
"SAIC is excited to be awarded a prime position on all three TS3 contracts and we are pleased to provide the Army's ground vehicle portfolio with mission-critical support," said John Gully, SAIC senior vice president and general manager of the Army and Air Force Customer Group.
SAIC is a premier technology integrator providing full life cycle services and solutions in the technical, engineering, intelligence, and enterprise information technology markets. SAIC is Redefining Ingenuity through its deep customer and domain knowledge, talented people, effective processes, and innovation to enable the delivery of systems engineering and integration offerings for large, complex projects. SAIC's approximately 15,000 employees are driven by integrity and mission focus to serve customers in the U.S. federal government, state/local, and global commercial markets. Headquartered in McLean, Virginia, SAIC has annual revenues of about $4.4 billion. For more information, visit http://www.saic.com. For ongoing news, please visit our newsroom.
Certain statements in this announcement constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements involve risks and uncertainties and 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 and other such filings that SAIC makes with the SEC from time to time, which may be viewed or obtained through the Investor Relations section of our web site at www.saic.com. 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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