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Walt Havenstein on SAIC’s Latest Fiscal Numbers

SAIC (NYSE: SAI) announced financial results for the fourth quarter and fiscal year 2010, which ended January 31, 2010.

“We are pleased to complete the fiscal year with improved operating margin, earnings per share and cash generation, ” said Walt Havenstein, SAIC chief executive officer. “Our market positioning is strong, particularly our understanding of our customer’s missions and our ability to deliver rapid-response, best-of-breed solutions for war fighters and the intelligence community. We enter fiscal year 2011 with our portfolio of capabilities well aligned with national priorities, emphasizing areas such as intelligence, surveillance, and reconnaissance (ISR), cybersecurity, logistics, energy, and health technology to fuel our growth and shareholder value prospects.”

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