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Dual Army Deals Come Down for SAIC

According to the Department of Defense, SAIC (NYSE: SAI) was awarded a $31, 868, 429 firm-fixed-price, level-of-effort contract.  The award will provide for the modification of an existing contract, to sustainment services for Mine Resistant Ambush Protected vehicles, to add 426, 490 hours to the order in the amount of …

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SAIC Marches to $279 Million Army Deal

According to the Department of Defense, “SAIC (NYSE: SAI) was awarded a $279, 294, 136 cost-plus-fixed-fee contract.  The award will provide for the airborne intelligence and surveillance and reconnaissance services for the U.S. Army Engineer Research and Development Center, Cold Regions Research and Engineering Laboratory.  Work will be performed in …

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SAIC Books $41 Million Deal to Support DoD Enhancements

SAIC (NYSE: SAI) secured a deal from the U.S. Naval Surface Warfare Center, Indian Head Division to support a scientific research program aimed at facilitating equipment and infrastructure lifecycle and sustainment enhancements. The deal carries a one-year base term, four one-year options, for a total potential value of $41 million. …

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SAIC Claims $156 Million FAA, DOT IT Work

SAIC (NYSE: SAI) won a deal with the FAA Enterprise Services Center to support IT services to the FAA, Department of Transportation and other agencies. The ID/IQ contract carries a one-year base term, four one-year options and a potential value of $156 million. “We look forward to applying our IT …

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SAIC Wins Spot on $1.1 Billion DOJ IT Deal

SAIC (NYSE: SAI) won a prime contract from the Department of Justice for work on information technology services. The ID/IQ contract carries a base term of nine months and six one-year options, for a total value of $1.1 billion for all awardees. “We look forward to working with the DOJ …

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SAIC Sells Oil & Gas IT Services; CEO Havenstein, Group Pres. Craver Comment

SAIC (NYSE: SAI) has a deal in place to sell Wipro (NYSE: WIT) operations focused on “specialized IT services to oil and gas companies.” CEO Walt Havenstein announced the firm’s intent to move the units during a financial call last week. The firm is selling its U.S. oil and gas …

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2 SAIC Units Pick Up CMMI-DEV Maturity Level 3 Ratings; Larry Cox Comments

A pair of SAIC (NYSE: SAI) business units earned Capability Maturity Model Integration (CMMI-DEV) Maturity Level 3 rating from the Carnegie Mellon University Software Engineering Institute. According to the firm, “the Intelligence Systems Business Unit achieved the Maturity Level 3 rating using the Standard CMMI Appraisal Method for Process Improvement. …

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SAIC to Sell Portion of Business; CEO Havenstein Promises Aggressive Acquisition Strategy in Future

According to a report in The Washington Post, SAIC (NYSE: SAI) is looking to sell its business focused on IT solutions for oil and gas companies while seeking expansion in growth markets via acquisition. CEO Walt Havenstein noted the strategy in an investor call last week. “To grow our oil …

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Apptis, SAIC Ink Major DISA Deal Modifications

According to the Department of Defense, Apptis and SAIC (NYSE: SAI) were awarded two contract modifications to add two, six-month option periods and increase the ceiling amount under indefinite-delivery/indefinite-quantity contracts DCA200-02-D-5000 and DCA200-02-D-5001, the Defense Information Systems Network (DISN) Global Solutions (DGS) contracts.  The purpose of the optional extension periods …

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SAIC Charts Fiscal Growth; CEO Walt Havenstein Comments

SAIC (NYSE: SAI) released financial figures for the fourth quarter and fiscal year 2011, ending Jan. 31. The firm’s revenue for the year was listed at $11.1 billion, a 2 percent raise from the previous year, and at $2.77 billion for the quarter, a 2 percent uptick. “While market conditions …

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