SAIC Founder Dr. J. Robert Beyster Receives 2008 Horatio Alger Award

SAN DIEGO and MCLEAN, Va., Jan. 2 /PRNewswire-FirstCall/ -- Science Applications International Corporation (NYSE: SAI) today announced that J. Robert Beyster, SAIC founder, former chairman and chief executive officer, was selected for induction as a...


SAN DIEGO and MCLEAN, Va., Jan. 2 /PRNewswire-FirstCall/ -- Science Applications International Corporation (NYSE: SAI) today announced that J. Robert Beyster, SAIC founder, former chairman and chief executive officer, was selected for induction as a lifetime member of the Horatio Alger Association of Distinguished Americans. The induction ceremony will take place in Washington, D.C. on April 3-5, 2008.

The Horatio Alger Award was established in 1947 to encourage young Americans to recognize that success can be achieved through hard work and perseverance. Recipients of the Horatio Alger Award are role models who have pulled themselves up by their bootstraps in the American tradition and achieved outstanding success.

" Dr. Beyster 's selection as a recipient of the coveted Horatio Alger Award is most deserving," said Ken Dahlberg , SAIC chairman and chief executive officer. "As founder of SAIC, he personified the American dream through his achievements as an entrepreneur and great visionary. We congratulate Dr. Beyster for this tremendous recognition."

Dr. Beyster is chairman of the Foundation for Enterprise Development, a non-profit organization he founded in 1986. He is actively promoting entrepreneurial employee ownership nationally to science and technology communities. In 2007, he authored the book, The SAIC Solution: How We Built An $8 Billion Employee-Owned Technology Company to describe a powerful combination of business principles based on employee ownership and meritocracy used at SAIC. For further information visit www.fed.org.

SAIC is a leading provider of scientific, engineering, systems integration and technical services and solutions to all branches of the U.S. military, agencies of the Department of Defense, the intelligence community, the U.S. Department of Homeland Security and other U.S. Government civil agencies, as well as to customers in selected commercial markets. With approximately 44,000 employees in more than 150 cities worldwide, SAIC engineers and scientists solve complex technical challenges requiring innovative solutions for customers' mission-critical functions. SAIC had annual revenues of $8.3 billion for its fiscal year ended January 31, 2007 .

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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, 2007 , 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.

SOURCE SAIC