SAIC Awarded Contract By Pension Benefit Guaranty Corporation
Company to Provide Information Technology and Operations Support Services
MCLEAN, Va., April 3, 2013
MCLEAN, Va., April 3, 2013 /PRNewswire/ --Science Applications International
Corporation (SAIC) (NYSE: SAI) announced today it was awarded a prime contract
by the Pension Benefit Guaranty Corporation (PBGC) to provide information
technology (IT) and operations support services. The multiple-award,
indefinite-delivery/indefinite-quantity (IDIQ) contract has a one-year base
period of performance, four one-year options, and a total ceiling value of
$140 million for all awardees, if all options are exercised. SAIC was also
awarded the first task order under the IDIQ with a one-year base period of
performance, four one-year options, and a total contract value of
approximately $74 million, if all options are exercised.
PBGC manages retirement incomes for more than 44 million American workers in
more than 27,000 private-sector benefit pension plans. Under the contract,
SAIC will provide IT and operations support services to modernize, consolidate
and simplify PBGC's technical infrastructure to improve performance, cut costs
and improve PBGC's security infrastructure.
"We look forward to leveraging our extensive expertise with similar systems to
provide PBGC with comprehensive IT and operations support services," said Tom
Watson, SAIC senior vice president and business unit general manager. "We put
an outstanding team together to tackle this challenge and we look forward to
providing effective solutions to PBGC."
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 $11.2 billion for its
fiscal year ended January 31, 2013. For more information, visit
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. 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, 2013, 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.
Contact: Melissa Koskovich Jennifer
(703) 676-6762 (703) 676-6389
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