Science Applications International Corporation (SAIC) (NYSE: SAI) today announced that it has been awarded a contract extension from the National Aeronautics and Space Administration (NASA) to continue work on the Unified NASA Information Technology Services (UNITeS) contract.
The initial extension award has an eight month base period of performance valued at nearly $120 million, and six one-month options valued at $116 million, bringing the total value of the extension to more than $235 million if all options are exercised. This contract extension raises the ceiling value of the contract to more than $1.3 billion and extends the contract through January 2011. The initial contract was awarded to SAIC in January 2004.
Under the extension, SAIC will continue to provide information technology (IT) services to NASA’s Marshall Space Flight Center (MSFC) in Huntsville, Ala., and support all NASA Centers, including NASA Headquarters and support for NASA’s international sites and networks. SAIC will also provide services in support of NASA’s wide area network, IT security, digital television, and Integrated Enterprise Management Program.
“It’s an honor to have our performance recognized by this contract extension,” said Dan Harris, SAIC senior vice president and UNITeS program manager. “The MSFC and enterprise-wide services we provide are continuing to help NASA leverage technology to achieve greater efficiencies and cost savings.”
About SAIC
SAIC is a FORTUNE 500(R) scientific, engineering, and technology applications company that uses its deep domain knowledge to solve problems of vital importance to the nation and the world, in national security, energy and the environment, critical infrastructure, and health. The company’s approximately 45,000 employees serve customers in the U.S. Department of Defense, the intelligence community, the U.S. Department of Homeland Security, other U.S. Government civil agencies and selected commercial markets. Headquartered in McLean, Va., SAIC had annual revenues of $10.1 billion for its fiscal year ended January 31, 2009. For more information, visit www.saic.com. SAIC: From Science to Solutions(R)
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, 2009, and other such 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.
