Government Fiscal Year 2008 Yields 32 Percent Increase In Company's Small Business Subcontract Awards
SAN DIEGO and MCLEAN, Va. , Oct. 22 /PRNewswire-FirstCall/ --- Science Applications International Corporation (NYSE: SAI) announced today that its small business strategy has yielded a record level of small business utilization for Government Fiscal Year 2008 (GFY 08), which ended in September. During GFY 08, SAIC awarded more than
SAIC's GFY 08 performance significantly exceeded the government's statutory goals for women- and minority-owned businesses, as well as service disabled veteran-owned businesses. The results are the culmination of a series of initiatives implemented by SAIC, aimed at developing strong relationships with small businesses and increasing business opportunities for them. These initiatives include free training provided to small businesses by SAIC in areas including business and proposal development, pricing, and program management.
"We are very proud of our small business record and performance," said Arnold Punaro , SAIC executive vice president of Government Affairs, Communications and Support Operations. "SAIC views small business development as good business, both for our customers and our economy. We remain dedicated to fully employing their capabilities and innovations to help address the complex challenges facing our customers. We will continue to mentor and nurture small businesses to enable them to grow and be competitive."
SAIC is committed to small business development, and has been recognized for outstanding work by the Small Business Administration (SBA), the Department of Defense (DoD) and other Federal agencies. The company has earned 11 DoD Nunn-Perry Awards for outstanding mentor-protege performance, two SBA Dwight D. Eisenhower Awards, as well as two SBA Frances B. Perkins Awards, demonstrating SAIC's commitment to small business excellence.
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
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.