Department of Defense Awards SAIC Prime Position on $1.8B PRISM Contract
16 Dicembre 2024 - 2:30PM
Science Applications International Corp. (NASDAQ: SAIC) has been
awarded a prime position on the $1.8 billion Personnel and
Readiness Infrastructure Support Management (PRISM) Multiple Award
Task Order Contract (“MATOC”) vehicle to support the Department of
Defense (DoD) and its need to obtain critical services in a shorter
time frame. The contract award is for one base year and four option
years.
The PRISM contract provides the Office of the Undersecretary of
Defense for Personnel and Readiness (OUSD P&R) and strategic
partners with innovative and cost-effective services through the
use of Streamline Task Order Ordering Procedures (“STOOP”). These
procedures result in a significant reduction in acquisition lead
time and increased flexibility for the entire acquisition
process.
“Under the PRISM MATOC, SAIC aims to enhance the operational
capabilities of the Office of the Under Secretary of Defense for
Personnel & Readiness (OUSD P&R) and its Directorates,”
said Josh Jackson, executive vice president and manager, Army
Business Group. “We steadfastly commit to providing innovative and
cost-effective services as well as leveraging expertise in
technology integration, data analytics, and mission support to
empower OUSD P&R to streamline operations, optimize readiness,
and ensure a resilient and agile defense personnel framework.”
Under the contract, SAIC is committed to bolstering Department
of Defense (DoD) readiness through advanced data integration and
instantaneous analytics. This initiative will refine operational
workflows, elevate strategic decision-making, and cultivate a
well-informed, proactive defense community. By doing so, SAIC will
directly contribute to the reinforcement of national security,
delivering it with heightened proficiency and impact.
To learn more, visit www.saic.com/defense
About SAIC SAIC is a premier Fortune 500
technology integrator focused on advancing the power of technology
and innovation to serve and protect our world. Our robust portfolio
of offerings across the defense, space, civilian and intelligence
markets includes secure high-end solutions in mission IT,
enterprise IT, engineering services and professional services. We
integrate emerging technology, rapidly and securely, into mission
critical operations that modernize and enable critical national
imperatives.
We are approximately 24,000 strong; driven by mission, united by
purpose, and inspired by opportunities. SAIC is an Equal
Opportunity Employer, fostering a culture of diversity, equity and
inclusion, which is core to our values and important to attract and
retain exceptional talent. Headquartered in Reston, Virginia, SAIC
has annual revenues of approximately $7.4 billion. For more
information, visit saic.com. For ongoing news, please visit our
newsroom.
Forward-Looking Statements Certain
statements in this release contain or are based on
“forward-looking” information within the meaning of the Private
Securities Litigation Reform Act of 1995. In some cases, you can
identify forward-looking statements by words such as “expects,”
“intends,” “plans,” “anticipates,” “believes,” “estimates,”
“guidance,” and similar words or phrases. Forward-looking
statements in this release may include, among others, estimates of
future revenues, operating income, earnings, earnings per share,
charges, total contract value, backlog, outstanding shares and cash
flows, as well as statements about future dividends, share
repurchases and other capital deployment plans. Such statements are
not guarantees of future performance and involve risk,
uncertainties and assumptions, and actual results may differ
materially from the guidance and other forward-looking statements
made in this release as a result of various factors. Risks,
uncertainties and assumptions that could cause or contribute to
these material differences include those discussed in the “Risk
Factors,” “Management’s Discussion and Analysis of Financial
Condition and Results of Operations” and “Legal Proceedings”
sections of our Annual Report on Form 10-K, as updated in any
subsequent Quarterly Reports on Form 10-Q and other filings with
the SEC, which may be viewed or obtained through the Investor
Relations section of our website at saic.com or on the SEC’s
website at sec.gov. Due to such risks, uncertainties and
assumptions you are cautioned not to place undue reliance on such
forward-looking statements, which speak only as of the date hereof.
SAIC expressly disclaims any duty to update any forward-looking
statement provided in this release to reflect subsequent events,
actual results or changes in SAIC’s expectations. SAIC also
disclaims any duty to comment upon or correct information that may
be contained in reports published by investment analysts or
others.
Media Contacts:Gregory Hicks619.961.0075 |
Gregory.L.Hicks@saic.com
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