SAIC Outlines Business Objectives For Leidos, A National Security, Health &
Engineering Solutions Leader
Leadership Team Presents Plans for Leidos at Investor Day Event
-- Strategy focused on science and technology solutions, including data
analytics and cyber-security
-- Enduring support for national security missions, expansion in commercial
health & engineering
NEW YORK, Sept. 11, 2013
NEW YORK, Sept. 11, 2013 /PRNewswire/ -- SAIC, Inc. (SAIC) [NYSE: SAI] today
will hold an investor meeting in New York hosted by senior management of the
future Leidos Holdings, Inc. (Leidos) a science and technology solutions
leader working to help address challenges facing national security, health,
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SAIC previously announced plans to create two separate companies, each with
its own growth strategies and competitive advantages. Upon completion of the
planned spin-off transaction, the government technical services and enterprise
IT business will retain the name SAIC and trade under the ticker symbol NYSE:
SAIC, while the government and commercial solutions company will be named
Leidos and trade under the ticker NYSE: LDOS.
"The challenges facing our customers are taking on new dimensions," said John
Jumper, Chairman and CEO of SAIC, and future Chairman and CEO of Leidos.
"Leidos will continue SAIC's proud legacy of supporting vital missions for our
government and the commercial sector, enabling innovative solutions to drive
better outcomes, defend our nation and protect digital and physical
infrastructure from 'new world' threats."
Stu Shea, COO of SAIC and future President and COO of Leidos, said, "Science
stands as the foundation of everything we do. We have a holistic
problem-solving approach and information-based capabilities for an
interdependent and digitized world. We are excited about the opportunities to
bring together insights and innovations, from across the full breadth of
Leidos, to unleash America's potential as a 21^st century economy – making a
difference for our families, our communities and our world."
Capabilities and Solutions
With over $6 billion in annualized revenues and approximately 23,000
employees, Leidos has a powerful platform for delivering the most advanced
capabilities and expertise to government and commercial customers.
"We have deep customer affinity and an enduring commitment to support
intelligence, defense and homeland security missions and provide smart,
affordable solutions for government customers facing budgetary pressures,"
said Jumper. "In addition, we will build on decades of successful experience
in the health and engineering sectors, with significant potential to drive
future innovation for commercial customers."
National Security: Leidos has a deep understanding of intelligence
surveillance and reconnaissance (ISR) missions and the most advanced
capabilities for data analytics and cyber-security. A leading provider of
scientific, engineering, systems integration, and technical services and
products to all branches of the U.S. military, agencies of the U.S. Department
of Defense (DoD), the intelligence community, the U.S. Department of Homeland
Security (DHS), and other U.S. Government civil agencies. This segment
represents about 70% of the new company, with approximately 13,500 people.
Health: Leidos is one of the largest health systems integrators in North
America, with about 6,000 health scientists, clinicians and health IT
professionals on the team. Leidos experts implement and optimize the use of
electronic health records, apply data analytics and behavioral health research
to help enable customers to improve healthcare quality and patient outcomes,
detect and prevent diseases, enhance scientific discovery, and reduce costs to
the healthcare system. They provide groundbreaking research and support the
National Cancer Institute's world-class cancer and AIDS research facility,
running clinical trials, operating drug manufacturing facilities and applying
advanced technologies such as genomics, high-performance computing, and
Engineering: The Leidos engineering business has about 3,000 experts uniquely
combining the capabilities and perspectives of information technology,
architecture, design, engineering and operations in crafting innovative
solutions for energy, infrastructure and environmental management projects.
This includes new concepts for ensuring electric power grid resilience and
cybersecurity, oil and gas, and water management solutions for developing
America's natural resources and achieving energy independence, and virtual
imaging technologies for designing the most efficient, green and functional
buildings and infrastructure.
The health and engineering businesses are predominantly commercial and
collectively comprise about 30% of Leidos – about $2B in revenue.
Learn more about Leidos
oDownload a copy of the presentation
oWatch the video
oListen to the webcast here
oVisit Leidos.com or SAIC.com\Leidos
SOURCE SAIC, Inc.
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