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  • Tuesday, April 23, 2024

SAIC Senior Leaders Share Post-Spinoff Goals with Investors

SAIC Logo_ExecutiveBizSenior leaders of the future Science Applications International Corp. discussed the company’s plans Wednesday as that business prepares to spin off from SAIC, which is being renamed Leidos.

SAIC will be a prime contractor on 91 percent of its 1, 500 contracts and task orders and is valued at $4 billion in annual revenue,  SAIC said Wednesday.

The company will also have 14, 000 employees across its technical, engineering and enterprise information technology services businesses.

After the Sept. 27 split, SAIC estimates it will have a capital structure of $225 million in cash, a $200 million revolving credit facility and $500 billion in debt.

SAIC also forecasts $25 billion in additional opportunities after the separation and a $185 billion addressable market.

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