Home / M&A Activity / SAIC Restructures Customer Groups, Service Lines as Part of ‘Ingenuity 2025’ Strategy; Tony Moraco Comments

SAIC Restructures Customer Groups, Service Lines as Part of ‘Ingenuity 2025’ Strategy; Tony Moraco Comments

Tony Moraco

Science Applications International Corp. (NYSE: SAIC) has moved to consolidate several of its businesses organizations and introduced a voluntary retirement incentive program for nearly 100 senior managers.

SAIC said Monday it unified five customer-facing groups into three units and merged six technology-focused service lines into three market segments as part of the company’s  Ingenuity 2025 strategy that seeks to address near-term challenges that the company experienced during the first half of its 2018 fiscal year.

SAIC CEO Tony Moraco, an inductee into Executive Mosaic‘s Wash100 for 2017, said the company aims to focus on key strategic growth priorities as well as clarify performance drivers and business model enablers to “achieve sustained profitable growth.”

Nazzic Keene, president of SAIC’s global markets and missions sector, assumed additional duties as chief operating officer in June to help execute the company’s long-term strategy and sector growth initiatives.

The company also moved its headquarters from McLean to Reston, Virginia, in a push to consolidate office leases, as well as established a Technology Integration Gateway in Tennessee to optimize IT services delivery.

Check Also

Two Contractors Get USMC Facility Construction IDIQs Totaling $147M

Paradigm Mechanical Corp. and the Sapper West-Spectrum Service Group joint venture have won five-year, indefinite-delivery/indefinite-quantity contracts worth $147M combined to build, alter, repair or renovate facilities for the U.S. Marine Corps.

Raytheon Awarded $88M to Help Engineer Radar at Forces Surveillance Support Center

Raytheon (NYSE: RTN) has secured a 60-month, $87.7M contract to help the U.S. Navy's Forces Surveillance Support Center in Virginia engineer an over-the-horizon radar system. The company will provide engineering and programmatic services under the indefinite-delivery/indefinite-quantity contract, the Department of Defense said Wednesday.