SAIC Awarded Contract to Support Navy Littoral and Mine Warfare

SAN DIEGO and MCLEAN, Va., Oct. 17 /PRNewswire-FirstCall/ -- Science Applications International Corporation (NYSE: SAI) announced today it won a follow-on contract from the Naval Sea Systems Command, Washington, D.C., Office of Littoral and Mine...


SAN DIEGO and MCLEAN, Va., Oct. 17 /PRNewswire-FirstCall/ -- Science Applications International Corporation (NYSE: SAI) announced today it won a follow-on contract from the Naval Sea Systems Command, Washington, D.C., Office of Littoral and Mine Warfare. SAIC will provide software development, maintenance, fleet support, and training for mine warfare command and control software.

This single-award, cost-plus-fixed-fee contract has a total ceiling of $41 million and has a three-year period of performance. Work will be performed primarily in McLean, Va. and various concentrated fleet locations.

"This sole-source award is an important win for the company because it reflects the continued relationship between SAIC and the U.S. Navy," said Tom Baybrook, SAIC senior vice president and business unit general manager. "It migrates this powerful decision support tool to the Navy's FORCEnet concept, and supports the littoral mine warfare community's objective of an open business model."

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 more than 44,000 employees in over 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 .

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, 2007 , and such other 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