SAIC Announces Filing of Form 10 Registration Statement in Connection with Planned Separation

  SAIC Announces Filing of Form 10 Registration Statement in Connection with
                              Planned Separation

PR Newswire

MCLEAN, Va., March 7, 2013

MCLEAN, Va., March 7, 2013 /PRNewswire/ --Science Applications International
Corporation (SAIC) [NYSE: SAI] today announced that an initial Form 10
Registration Statement has been filed with the U.S. Securities and Exchange
Commission (SEC) relating to SAIC's technical, engineering and enterprise
information technology service business, marking a milestone in the company's
continued progress toward its previously announced plan to pursue a separation
into two independent, publicly traded companies.

"The filing of the Form 10 Registration Statement is another important
achievement in our separation plan to create two world class companies that
will be able to compete free from existing organizational conflicts of
interest, enabling the companies to expand their addressable markets," said
Chairman and CEO John Jumper.

A copy of the Form 10 is available at the SEC's website at: www.sec.gov under
the filer name SAIC Gemini, Inc. or at SAIC's website at:
www.saic.com/shareholder/announcement/.

About SAIC
SAIC is a FORTUNE 500® 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
40,000 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 approximately $10.6 billion for its
fiscal year ended January 31, 2012. For more information, visit
http://www.saic.com/. SAIC: From Science to Solutions®

Statements in this announcement, other than historical data and information,
constitute forward-looking statements that involve risks and uncertainties.
Forward-looking statements in this release include, among others: our intent
to separate into two independent publicly traded companies as a result of the
proposed spin-off; the timing of the proposed transaction; and expectations
for the two independent companies following the spin-off. These statements
reflect our belief and assumptions as to future events that may not prove to
be accurate. 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, failure to
obtain necessary regulatory approvals or to satisfy any of the other
conditions to the proposed spin-off; failure to obtain stockholder approval to
change the name of the corporation; failure to realize the expected benefits
of the proposed spin-off. the impact of the proposed spin-off on the company's
or the newly formed company's employees, customers and suppliers; disruption
to business operations as a result of the proposed transaction; the inability
to retain key personnel; and the inability of the companies to operate
independently following the spin-off. These are only some of the factors that
may affect the forward-looking statements contained in this release. For
further information concerning risks and uncertainties associated with our
business, please refer to the filings we make from time to time with the U.S.
Securities and Exchange Commission, including the risk factors set forth in
the Form 10 filed by SAIC Gemini, Inc., SAIC's Annual Report on Form 10-K for
the period ended January 31, 2012, , subsequent quarterly reports on Form 10-Q
and other such filings that SAIC makes with the SEC from time to time, all of
which may be viewed or obtained through the Investor Relations section of our
web site at http://www.saic.com. 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.

Contacts:
Media Relations  Investor Relations
                                      Paul Levi
Melissa Koskovich    
                                      
(703) 676-6762 (703) 676-2283
koskovichm@saic.com                   Paul.e.levi@saic.com





SOURCE SAIC

Website: http://www.saic.com
 
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