SAIC (NYSE: SAI) has announced it has received the 2011 Dwight D. Eisenhower Award for Excellence from the Small Business Administration, an honor that recognizes exemplary commitment to using small businesses as subcontractors and suppliers.
The firm won the award in the research and development category. SAIC has had an 80 percent increase in the amount of dollars subcontracted to small businesses over the past four years. The firm subcontracted more than $2.2 billion in work to small businesses during the government fiscal year in 2010.
“Teaming with small businesses is important to fostering innovation in support of customers and markets we serve, ” said Jim Cuff, SAIC executive vice president for business development, strategy and M&A, who was presented with the award. “We are honored to be recognized with this award and look forward to continuing are work with small businesses, which we see as the backbone of our nation’s economic growth and prosperity.”