MCLEAN, Va. and RENO, Nev., June 12, 2012 /PRNewswire/ -- Science Applications International Corporation (SAIC) (NYSE: SAI) announced it will be formally recognized by the National Veteran Small Business Coalition (NVSBC) at the Veteran Entrepreneur Training Symposium (VETS2012) "Champions of Veteran Enterprise" luncheon today in Reno, Nev. The NVSBC will honor SAIC for its excellence in working with veteran-owned and service-disabled veteran-owned small businesses (SDVOSB).
Last year SAIC significantly exceeded the government's mandate statutory goal of 3 percent of total subcontract awards to SDVOSB. SAIC awarded approximately $315 million, reflecting 7.9 percent of subcontract dollars to SDVOSB. Additionally, SAIC awarded 16.2 percent of total subcontract dollars to veteran-owned small businesses, a small business category without a statutory goal.
"We're very pleased and proud to be recognized by the NVSBC for supporting our veterans," said Babak Nouri, vice president and director of corporate small business development. "We receive outstanding support from the veteran-owned small businesses we work with, and it's an honor to pursue expanded business opportunities to those who have served our country."
The mission of NVSBC is to transition veterans into business owners serving the Federal marketplace by working to ensure that veteran businesses are given first consideration for federal prime and subcontracting procurement opportunities. VETS2012 brings government agencies, industry leaders and veteran entrepreneurs together in a small, intimate forum to discuss issues affecting veteran-owned companies. SAIC will be one of 10 major companies to be recognized by the NVSBC at VETS2012.
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 40,000 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.