SAIC Wins Veterans Affairs Corporate Champion Award

SAN DIEGO and MCLEAN, Va. , June 25 /PRNewswire-FirstCall/ -- Science Applications International Corporation (NYSE: SAI) today announced that it was chosen by the Department of Veterans Affairs to receive a 2008 Corporate Champion Award from the...


SAN DIEGO and MCLEAN, Va. , June 25 /PRNewswire-FirstCall/ -- Science Applications International Corporation (NYSE: SAI) today announced that it was chosen by the Department of Veterans Affairs to receive a 2008 Corporate Champion Award from the Veterans Affairs' Center for Veterans Enterprise. The award, presented to SAIC on June 12 , recognizes significant contributions by an organization dedicated to expanding business opportunities for veterans and service-connected disabled veterans. This is the second consecutive year SAIC has received this award.

"This is good business and beneficial to the nation," said George Otchere , SAIC senior vice president for small business development. "Our veteran-owned business teammates have strong capabilities. Our collective experience and innovative ideas are key to jointly building business in national security, energy and the environment, critical infrastructure and health."

SAIC exceeded the statutory goal for subcontracting to service-disabled veteran-owned businesses for Government Fiscal Year 2007, surpassing all its previous achievements in this area. In Government Fiscal Year 2007, SAIC issued 4.5% of its subcontracts awards to service-disabled veteran-owned businesses, significantly exceeding the goal of 3% set by a 2004 Presidential executive order. In total, SAIC subcontracted $206 million to veteran-owned businesses. Overall, SAIC issued over $1.2 billion in subcontract awards to small businesses for the same period.

In addition, the company has embarked upon several initiatives to cultivate relationships and increase business opportunities for these firms. As part of the initiatives, SAIC has provided training in business development, proposal development, pricing and program management to help its veteran-owned small business teammates.

"We commend SAIC for contributing to the department's goals and objectives for veteran-owned businesses," said Scott Denniston , director of small business programs for the Department of Veterans Affairs. "Our agency is committed to the growth of veteran-owned small businesses."

About SAIC

SAIC is a FORTUNE 500(R) 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 44,000 employees serve customers in the Department of Defense, the intelligence community, the U.S. Department of Homeland Security, other U.S. Government civil agencies and selected commercial markets. SAIC had annual revenues of $8.9 billion for its fiscal year ended January 31, 2008 . For more information, visit http://www.saic.com. SAIC: From Science to Solutions(R)

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, 2008 , 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