{"id":765572,"date":"2023-06-22T16:08:19","date_gmt":"2023-06-22T20:08:19","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/saic-awarded-1-3b-contract-to-lead-the-u-s-department-of-treasury-adoption-of-enhanced-cloud-services\/"},"modified":"2023-06-22T16:08:19","modified_gmt":"2023-06-22T20:08:19","slug":"saic-awarded-1-3b-contract-to-lead-the-u-s-department-of-treasury-adoption-of-enhanced-cloud-services","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/saic-awarded-1-3b-contract-to-lead-the-u-s-department-of-treasury-adoption-of-enhanced-cloud-services\/","title":{"rendered":"SAIC Awarded $1.3B Contract to Lead the U.S. Department of Treasury Adoption of Enhanced Cloud Services"},"content":{"rendered":"

<\/p>\n

SAIC Awarded $1.3B Contract to Lead the U.S. Department of Treasury Adoption of Enhanced Cloud Services<\/b><\/p>\n

Work will support a complete range of cloud and professional IT services<\/i><\/p>\n

RESTON, Va.–(BUSINESS WIRE<\/a>)–
\nScience Applications International Corp. (NYSE: SAIC<\/a>) has been awarded a $1.3 billion single source seven-year contract by the Department of the Treasury to provide T-Cloud, a complete range of cloud and professional services.\n<\/p>\n

\n\u201cT-Cloud will enable the Treasury Department to rapidly and securely adopt a modern, flexible and cost-effective approach to utilizing and consuming data in the cloud,\u201d said Bob Genter, President, Defense and Civilian Sector at SAIC. \u201cSAIC is honored to be the Treasury Department\u2019s cloud services digital transformation partner.\u201d\n<\/p>\n

\nThe T-Cloud contract supports Treasury\u2019s adoption and transformation of a multi-cloud environment by centralizing management of the systems infrastructure, platform and software-as-a-service by a single broker. In addition to full suites of AWS, Microsoft, Google, IBM and Oracle cloud services, there is additional opportunity to onboard new cloud service providers.\n<\/p>\n

\nSAIC is responsible for delivering a shared service cloud infrastructure model that provides enterprise-wide efficiencies in access, contracting and security. SAIC will also provide services for business operations, technical, security, network, service desk, subject matter expert support and transition services.\n<\/p>\n

\nThe T-Cloud contract aligns with SAIC\u2019s strategy to focus on Growth and Technology Accelerants (GTAs), in the area of secure cloud capabilities. This includes SAIC\u2019s unique suite of cloud migration tools called CloudScend.<\/a> As the prime industry partner for the U.S. Air Force Cloud One program<\/a>, SAIC continues to lead cloud transformation across the DOD and now for the civilian market.\n<\/p>\n

\nAbout SAIC\n<\/p>\n

\nSAIC\u00ae<\/sup> is a premier Fortune 500\u00ae technology integrator driving our nation\u2019s technology transformation. Our robust portfolio of offerings across the defense, space, civilian and intelligence markets includes secure high-end solutions in engineering, digital, artificial intelligence 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 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 $6.9 billion. For more information, visit saic.com<\/a>. For ongoing news, please visit our newsroom<\/a>.\n<\/p>\n

\nForward-Looking Statements\n<\/p>\n

\nCertain 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>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\/20230622823235\/en\/<\/a><\/span><\/p>\n

\nCatherine Hernandez Blades
\n
706.662.9521 catherine.hernandez-blades@saic.com<\/a><\/p>\n

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

INDUSTRY KEYWORDS:<\/b> Technology Engineering Aerospace Software Manufacturing Networks Government Technology Data Management Defense Artificial Intelligence<\/p>\n

MEDIA:<\/b><\/p>\n\n","protected":false},"excerpt":{"rendered":"

SAIC Awarded $1.3B Contract to Lead the U.S. Department of Treasury Adoption of Enhanced Cloud Services Work will support a complete range of cloud and professional IT services RESTON, Va.–(BUSINESS WIRE)– Science Applications International Corp. (NYSE: SAIC) has been awarded a $1.3 billion single source seven-year contract by the Department of the Treasury to provide T-Cloud, a complete range of cloud and professional services. \u201cT-Cloud will enable the Treasury Department to rapidly and securely adopt a modern, flexible and cost-effective approach to utilizing and consuming data in the cloud,\u201d said Bob Genter, President, Defense and Civilian Sector at SAIC. \u201cSAIC is honored to be the Treasury Department\u2019s cloud services digital transformation partner.\u201d The T-Cloud contract supports Treasury\u2019s adoption and transformation … <\/p>\n

Continue reading “SAIC Awarded $1.3B Contract to Lead the U.S. Department of Treasury Adoption of Enhanced Cloud Services”<\/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-765572","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nSAIC Awarded $1.3B Contract to Lead the U.S. Department of Treasury Adoption of Enhanced Cloud Services - 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-awarded-1-3b-contract-to-lead-the-u-s-department-of-treasury-adoption-of-enhanced-cloud-services\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"SAIC Awarded $1.3B Contract to Lead the U.S. Department of Treasury Adoption of Enhanced Cloud Services - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"SAIC Awarded $1.3B Contract to Lead the U.S. Department of Treasury Adoption of Enhanced Cloud Services Work will support a complete range of cloud and professional IT services RESTON, Va.–(BUSINESS WIRE)– Science Applications International Corp. (NYSE: SAIC) has been awarded a $1.3 billion single source seven-year contract by the Department of the Treasury to provide T-Cloud, a complete range of cloud and professional services. \u201cT-Cloud will enable the Treasury Department to rapidly and securely adopt a modern, flexible and cost-effective approach to utilizing and consuming data in the cloud,\u201d said Bob Genter, President, Defense and Civilian Sector at SAIC. \u201cSAIC is honored to be the Treasury Department\u2019s cloud services digital transformation partner.\u201d The T-Cloud contract supports Treasury\u2019s adoption and transformation … Continue reading "SAIC Awarded $1.3B Contract to Lead the U.S. Department of Treasury Adoption of Enhanced Cloud Services"\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/saic-awarded-1-3b-contract-to-lead-the-u-s-department-of-treasury-adoption-of-enhanced-cloud-services\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2023-06-22T20:08:19+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&sty=20230622823235r1&sid=flmnd&distro=nx&lang=en\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/saic-awarded-1-3b-contract-to-lead-the-u-s-department-of-treasury-adoption-of-enhanced-cloud-services\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/saic-awarded-1-3b-contract-to-lead-the-u-s-department-of-treasury-adoption-of-enhanced-cloud-services\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"SAIC Awarded $1.3B Contract to Lead the U.S. Department of Treasury Adoption of Enhanced Cloud Services\",\"datePublished\":\"2023-06-22T20:08:19+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/saic-awarded-1-3b-contract-to-lead-the-u-s-department-of-treasury-adoption-of-enhanced-cloud-services\\\/\"},\"wordCount\":764,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/saic-awarded-1-3b-contract-to-lead-the-u-s-department-of-treasury-adoption-of-enhanced-cloud-services\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/cts.businesswire.com\\\/ct\\\/CT?id=bwnews&sty=20230622823235r1&sid=flmnd&distro=nx&lang=en\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/saic-awarded-1-3b-contract-to-lead-the-u-s-department-of-treasury-adoption-of-enhanced-cloud-services\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/saic-awarded-1-3b-contract-to-lead-the-u-s-department-of-treasury-adoption-of-enhanced-cloud-services\\\/\",\"name\":\"SAIC Awarded $1.3B Contract to Lead the U.S. Department of Treasury Adoption of Enhanced Cloud Services - 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