Science Applications International Corporation (NYSE: SAI) announced today that the National Aeronautics and Space Administration (NASA) has exercised an option to continue a cost-plus-award-fee contract previously awarded to SAIC in January 2004, to provide information technology services to NASA’s Marshall Space Flight Center (MSFC) in Huntsville, Ala. The program also supports all of the NASA Centers including NASA Headquarters and the Russian Launch Facility located in Moscow, Russia.
The option valued at $205.9 million continues efforts under the Unified NASA Information Technology Services, or UNITeS contract. Exercise of the second option year raises the ceiling value of the contract to approximately $956 million.
This is the second of two priced options and extends performance under the contract through Dec. 31, 2008. Work performed by the SAIC team under UNITeS includes support in the areas of information technology systems and services support for numerous programs. The option also includes a range of services in support of the entire agency, including the Integrated Enterprise Management Program, wide area network, information technology security and digital television.
“The decision of NASA to exercise the option year 2 represents their continued support of SAIC and the UNITeS program team for the excellent execution of the NASA MSFC and agency-wide initiatives,” said Randy Cash, SAIC senior vice president and business unit general manager.
SAIC is a leading provider of scientific, engineering, systems integration and technical services and solutions to all branches of the U.S. military, agencies of the Department of Defense, the intelligence community, the U.S. Department of Homeland Security and other U.S. Government civil agencies, as well as to customers in selected commercial markets. With more than 44,000 employees in over 150 cities worldwide, SAIC engineers and scientists solve complex technical challenges requiring innovative solutions for customers’ mission-critical functions. SAIC had annual revenues of $8.3 billion for its fiscal year ended January 31, 2007.
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Statements in this announcement other than historical data and information constitute forward-looking statements that involve risks and uncertainties. A number of factors could cause our actual results, performance, achievements or industry results to be very different from the results, performance or achievements expressed or implied by such forward-looking statements. Some of these factors include, but are not limited to, the risk factors set forth in SAIC’s Annual Report on Form 10-K for the period ended January 31, 2007, and such other filings that SAIC makes with the SEC from time to time. Due to such uncertainties and risks, readers are cautioned not to place undue reliance on such forward-looking statements, which speak only as of the date hereof.
