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TMCNet:  SAIC Wins $85 Million Contract as the City of Anaheim's IT Service Provider

[September 16, 2019]

SAIC Wins $85 Million Contract as the City of Anaheim's IT Service Provider

Science Applications International Corp. (NYSE: SAIC (News - Alert)) won an $85 million, eight-year prime contract to provide information technology services to the city of Anaheim, California. SAIC's new service delivery model will provide high-quality IT support and maintenance services for the city's infrastructure, applications, and workplace solutions.

"We are excited to partner with the city of Anaheim to deliver world-class IT managed services that will enhance capabilities and performance across city departments and improve customer services," said Bob Genter, SAIC executive vice president and general manager of the Civilian Markets Customer Group. "Our advanced delivery model will provide flexible, transparent, and innovative services while maximizing cost-efficiencies."

"While not always obvious, information technology is behind everything we do for our residents, businesses and visitors," said Mike Lyster, chief communications officer for the city of Anaheim. "It is critical for public safety, our planning process and for managing projects in our city. This contract will help us do everything we do more efficiently and cost effectively for those we serve."

The fixed-price contract has a four-year initial term and two, two-year optional extensions, for a total of eight years. Work will be performed primarily on-site in Anaheim, with some work offered to remote sites within the continental United States.

About SAIC

SAIC® is a premier technology integrator solving our nation's most complex modernization and readiness challenges. Our robust portfolio of offerings across the defense, space, civilian, and intelligence markets includes hig-end solutions in engineering, IT, 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.


We are 23,000 strong; driven by mission, united by purpose, and inspired by opportunities. Headquartered in Reston, Virginia, SAIC has pro forma annual revenues of approximately $6.5 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 (News - Alert), 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.


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