Wait, don't miss out on the latest GovCon industry news!

Sign Up Now! GovCon Wire provides you with Daily Updates and News Briefings

*By clicking "Join us now" you agree to receive email, promotions and general messages from GovCon Wire, In addition, you also agree to GovCon Wire Privacy Policy and Terms & Conditions.

X Remind me Later

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.

GovCon Wire Logo

Sign Up Now! GovCon Wire provides you with Daily Updates and News Briefings about Financial Report

Related Articles