Home / M&A Activity / Scitor to Join SAIC’s New Intell Customer Group Upon Deal’s Closure; Tony Moraco Comments

Scitor to Join SAIC’s New Intell Customer Group Upon Deal’s Closure; Tony Moraco Comments

Tony Moraco
Tony Moraco

Systems engineering contractor Scitor will join Science Applications International Corp.‘s (NYSE: SAIC) new intelligence community customer group following SAIC’s completed $790 million cash acquisition of Scitor.

SAIC announced the deal’s closure Monday and said Scitor President Timothy Dills will lead the new group, which SAIC estimates to represent 11 percent of its total customer mix.

Scitor generated $600 million in revenue during its last fiscal year.

“This transaction expands the markets we serve and we are dedicated to ensuring continuity of the mission to our customers, ” said Tony Moraco, SAIC CEO.

SAIC purchased Scitor with the intent to access classified contracts, cleared personnel and security infrastructure in the intelligence market.

Scitor provides mission support for U.S. Air Force and intelligence community programs.

Check Also

Air Force Vet Mark Hughes Named ACT I CFO; Michael Niggel Comments

Mark Hughes, a retired U.S. Air Force colonel, has been appointed chief financial officer at Advanced …

Arlington Capital Makes Intell Community Tech Push Through IAI Purchase

Arlington Capital Partners has purchased Chantilly, Virginia-based systems engineering and technical analysis services provider Integrity Applications …

Subscribe to our Newsletter
I will subscribe later