{"id":472543,"date":"2021-04-07T07:33:21","date_gmt":"2021-04-07T11:33:21","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=472543"},"modified":"2021-04-07T07:33:21","modified_gmt":"2021-04-07T11:33:21","slug":"saic-wins-800-million-u-s-army-contract-for-modeling-simulation-systems-engineering","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/saic-wins-800-million-u-s-army-contract-for-modeling-simulation-systems-engineering\/","title":{"rendered":"SAIC Wins $800 Million U.S. Army Contract for Modeling & Simulation Systems Engineering"},"content":{"rendered":"

<\/p>\n

SAIC Wins $800 Million U.S. Army Contract for Modeling & Simulation Systems Engineering<\/b><\/p>\n

RESTON, Va.–(BUSINESS WIRE<\/a>)–
\nThe U.S. Army awarded Science Applications International Corp. (NYSE: SAIC<\/a>) a single-award contract worth approximately $800 million to continue providing engineering and professional support services to the Army Combat Capabilities Development Command, Aviation & Missile Center (DEVCOM AvMC), Software, Simulation, Systems Engineering and Integration (S3I) Directorate.\n<\/p>\n

\nDuring the potential five-year, cost plus fixed-fee contract, SAIC will provide various systems-of-systems modeling and simulation support to all branches of the Armed Services, multiple Program Offices, and others for development and improvements to their systems.\n<\/p>\n

\nUnder the contract, SAIC will deliver live, virtual and constructive modeling and simulation, data science, system-of-systems modeling and simulation architecture, system engineering, model-based systems engineering, battlespace effectiveness experimentation, missile defense and multi-domain operations system-of-systems, and combatant command modeling and simulation-based exercise, war-games and training. Work is geographically dispersed with Government operations located at Redstone Arsenal, Alabama; Schriever Air Force Base, Colorado; and the Pacific Warfare Center located on the island of Oahu, Hawaii.\n<\/p>\n

\n\u201cThis new work expands upon SAIC\u2019s rich history of providing engineering and professional services in this area of the Army for several decades,\u201d said Bob Genter<\/a>, SAIC president, Defense and Civilian Sector. \u201cWe are honored to continue our work with the Army as the new primary provider for the S3I Modeling & Simulation Systems Engineering contract and we look forward to developing and bringing new and emerging technologies to the Army.\u201d\n<\/p>\n

\nThe contract was awarded under the General Services Administration\u2019s One Acquisition Solution for Integrated Services (OASIS) professional services contract, managed by the Army Contracting Command – Redstone Arsenal.\n<\/p>\n

\n\u201cSAIC is honored to provide our exceptional modeling and simulation support services to S3I and DEVCOM AvMC,\u201d said Gabe Camarillo<\/a>, SAIC senior vice president, Army Business Unit. \u201cWe look forward to extending our support to the Army and our warfighters for many years to come.\u201d\n<\/p>\n

\nTasks under this contract may also involve related non-US systems. Modeling & Simulation for Systems Engineering includes life cycle support to aviation, missile and air defense systems, subsystems, components, subcomponents, testbeds \/ laboratories \/ infrastructure, external interfaces\/networks, and support equipment. The Modeling & Simulation area consists of three divisions: Army Missile Systems Division, Strategic and Operational Analysis Division, and Modeling & Simulation Technology Division.\n<\/p>\n

About SAIC
\n<\/b>
SAIC\u00ae<\/sup> is a premier Fortune 500\u00ae<\/sup> technology integrator driving our nation\u2019s digital transformation. Our robust portfolio of offerings across the defense, space, civilian, and intelligence markets includes secure high-end solutions in engineering, IT modernization, and mission solutions. Using our expertise and understanding of existing and emerging technologies, we integrate the best components from our own portfolio and our partner ecosystem to deliver innovative, effective, and efficient solutions that are critical to achieving our customers’ missions.\n<\/p>\n

\nWe are more than 26,000 strong; driven by mission, united by purpose, and inspired by opportunities. Headquartered in Reston, Virginia, SAIC has annual revenues of approximately $7.1 billion.\u200b\u200b\u200b\u200b For more information, visit saic.com<\/a>. For ongoing news, please visit our newsroom<\/a>.\n<\/p>\n

Forward-Looking Statements
\n<\/b>
Certain statements in this release contain or are based on \u201cforward-looking\u201d 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 \u201cexpects,\u201d \u201cintends,\u201d \u201cplans,\u201d \u201canticipates,\u201d \u201cbelieves,\u201d \u201cestimates,\u201d \u201cguidance,\u201d 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 \u201cRisk Factors,\u201d \u201cManagement\u2019s Discussion and Analysis of Financial Condition and Results of Operations\u201d and \u201cLegal Proceedings\u201d 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<\/a><\/i>or on the SEC\u2019s website at sec.gov<\/a>. 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\u2019s expectations. SAIC also disclaims any duty to comment upon or correct information that may be contained in reports published by investment analysts or others.\n<\/p>\n

\"\"<\/p>\n

View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20210407005544\/en\/<\/a><\/span><\/p>\n

Lauren Presti
\n
<\/b>703.676.8982 | lauren.a.presti@saic.com<\/a><\/p>\n

KEYWORDS:<\/b> United States North America Virginia<\/p>\n

INDUSTRY KEYWORDS:<\/b> Engineering Defense Aerospace Manufacturing Other Manufacturing Other Defense Contracts<\/p>\n

MEDIA:<\/b><\/p>\n\n\n\n\n
Logo<\/b><\/font><\/td>\n<\/tr>\n
\"Logo\"<\/td>\n<\/tr>\n
<\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"

SAIC Wins $800 Million U.S. Army Contract for Modeling & Simulation Systems Engineering RESTON, Va.–(BUSINESS WIRE)– The U.S. Army awarded Science Applications International Corp. (NYSE: SAIC) a single-award contract worth approximately $800 million to continue providing engineering and professional support services to the Army Combat Capabilities Development Command, Aviation & Missile Center (DEVCOM AvMC), Software, Simulation, Systems Engineering and Integration (S3I) Directorate. During the potential five-year, cost plus fixed-fee contract, SAIC will provide various systems-of-systems modeling and simulation support to all branches of the Armed Services, multiple Program Offices, and others for development and improvements to their systems. Under the contract, SAIC will deliver live, virtual and constructive modeling and simulation, data science, system-of-systems modeling and simulation architecture, system engineering, … <\/p>\n

Continue reading “SAIC Wins $800 Million U.S. Army Contract for Modeling & Simulation Systems Engineering”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-472543","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nSAIC Wins $800 Million U.S. Army Contract for Modeling & Simulation Systems Engineering - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/saic-wins-800-million-u-s-army-contract-for-modeling-simulation-systems-engineering\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"SAIC Wins $800 Million U.S. Army Contract for Modeling & Simulation Systems Engineering - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"SAIC Wins $800 Million U.S. Army Contract for Modeling & Simulation Systems Engineering RESTON, Va.–(BUSINESS WIRE)– The U.S. Army awarded Science Applications International Corp. (NYSE: SAIC) a single-award contract worth approximately $800 million to continue providing engineering and professional support services to the Army Combat Capabilities Development Command, Aviation & Missile Center (DEVCOM AvMC), Software, Simulation, Systems Engineering and Integration (S3I) Directorate. During the potential five-year, cost plus fixed-fee contract, SAIC will provide various systems-of-systems modeling and simulation support to all branches of the Armed Services, multiple Program Offices, and others for development and improvements to their systems. 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