SAIC Chairman and CEO John Jumper Addresses National Press Club On the Future
of Government Contracting in the Era of Sequestration
MCLEAN, Va., May 16, 2013
MCLEAN, Va., May 16, 2013 /PRNewswire/ --Science Applications International
Corporation (SAIC) (NYSE: SAI) Chairman and CEO John Jumper today addressed
the National Press Club in Washington D.C.
Commenting on the evolving mission for government customers and contractors,
Jumper said:"We are all searching for efficiencies at a time when the
challenges facing our government customers are taking on new dimensions. The
customer is favoring smart, affordable solutions for supporting new and
"Attention at the moment is focused on sequestration. The bigger issues for
the coming years are first, how to achieve the next level of military
capability without depending on traditional modernization of big expensive
platforms, and second, the vulnerability of our nation's digital and physical
economic infrastructure from cyber attacks, natural disasters, terrorism and
other 'new-world' dangers. Finally, businesses are looking to expand
portfolios into the higher growth commercial and international markets.SAIC
is fortunate to have mature, high growth businesses in both commercial health
"We are transforming SAIC to meet these new demands. Our deep customer
affinity and domain knowledge allows us to integrate platforms and
capabilities and take them to the next level of performance.Our extensive
experience in deep analytics and data from our government work will meet
emerging demands in commercial health and engineering while our proficiency in
real cyber positions us to provide real solutions as businesses become more
aware of their vulnerabilities.
"SAIC has always thrived on solving complex problems. So for the next chapter
of our growth, we are separating our business and designing two great new
American companies with the best platforms for serving our nation's
SAIC has announced plans to separate later this year into two publicly traded
companies, each with its distinct competitive advantages and growth
opportunities. The government technical services and enterprise IT business
will retain the name SAIC, while the national security, health and engineering
government and commercial solutions business will be named Leidos.
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 Gephart
(703) 676-6762 (703) 676-6389
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