During the quarter, the company used a total of
New Business Awards
Net new business bookings totaled
Large, competitive definite delivery contracts received during the quarter include:
In addition, SAIC also won several indefinite-delivery/indefinite-quantity (IDIQ) contracts that are not included in the bookings total. Notable IDIQ awards during the quarter include:
The company's backlog of signed business orders at the end of the third
quarter of fiscal year 2008 was
The company initiated guidance for fiscal year 2008 on December 12, 2006 , and subsequently reaffirmed this guidance, most recently on October 9, 2007 . The company currently expects the following for fiscal 2008:
Over the coming years, the company expects to continue the progress shown in fiscal year 2008, including continued focus on improving internal growth, making strategic acquisitions, improving profitability, generating strong cash flows, and effectively deploying cash for total shareholder return over the long term. The company's long-term outlook remains consistent with the financial goals articulated as part of the initial public offering:
Unless there are significant diversions of government funding as a result of unanticipated delays to supplemental war appropriations, the company's expectations for fiscal year 2009 are consistent with these goals.
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.