DoD extends deadline for its $10B cloud contract

On the same subject

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  July 17, 2020 | International, Aerospace

  Saab receives Carl-Gustaf order from U.S. Army

  July 16, 2020 - Saab has received an order for Carl-Gustaf® ammunition and AT4 systems from the U.S. Army. The order value is approximately USD 100 million (930 MSEK) and deliveries will take place in 2021. The order was placed within an indefinite delivery and quantity agreement signed in 2019, enabling the customer to place orders for Carl-Gustaf ammunition and AT4 systems during a five-year period to a value of up to USD 445 million. The AT4 systems and the Carl-Gustaf munitions in this order will be operated by the U.S. Army, Marine Corps, and Special Forces Command. “The Saab family of shoulder-fired munitions provides the U.S. Armed Forces with effective capabilities against a wide area of targets. With these systems, soldiers and Marines gain reliable, easy-to-use technology optimized for complex environments and engagements,” says Erik Smith, President and CEO of Saab in the U.S. Since 1987, Saab has delivered more than 600,000 AT4s, both directly and under license, to the U.S. Armed Forces. The Carl-Gustaf system has been a program of record in the U.S. since 2013 and in 2018 the U.S. Army announced it would acquire the latest version of the system – the Carl-Gustaf M4 (designated M3E1 in the U.S.) with a reduced weight of less than 15 pounds (7 kilos). The order was booked in Q2 2020. For further information, please contact: Saab Press Centre, +46 (0)734 180 018, presscentre@saabgroup.com www.saabgroup.com Twitter: @Saab Saab serves the global market with world-leading products, services and solutions within military defence and civil security. Saab has operations and employees on all continents around the world. Through innovative, collaborative and pragmatic thinking, Saab develops, adopts and improves new technology to meet customers' changing needs. View source version on Saab: https://saabgroup.com/media/news-press/news/2020-07/saab-receives-carl-gustaf-order-from-u.-s.-army/

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  June 5, 2020 | International, Naval

  SAIC wins contract foe heavyweight and lightweight torpedo testing services for U.S Navy

  Reston, Va. - (BUSINESS WIRE) - June 2, 2020 - The U.S. Navy awarded Science Applications International Corp. (NYSE: SAIC) a prime contract worth approximately $60 million to continue to provide mission engineering support by testing heavyweight and lightweight torpedoes for the Naval Sea Systems Command. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20200602005228/en/ In support of the Naval Undersea Warfare Center (NUWC) Division Newport, SAIC will handle testing and data collection for MK 48 Heavyweight Torpedoes, and MK 54 and MK 46 Lightweight torpedoes. “For more than 13 years, SAIC has supported the testing of approximately 150 torpedoes as part of the engineering, technical, and management services we provide to the NUWC's Propulsion Test Facility in Newport, Rhode Island,” said Jim Scanlon, executive vice president and general manager of the Defense Systems Group. “We look forward to continuing to support NUWC with testing of torpedoes and torpedo components over the next five years.” As part of the single-award contract, SAIC will prepare the test facility and test torpedoes, interface the test torpedo, execute the test, and collect and process test data. Additionally, SAIC will support preparing torpedoes for testing at off-site test ranges and locations. SAIC will also provide maintenance, upgrades, and operational support for test torpedo assembly and turnaround, system and subsystem testing, data reduction, test equipment operation, and data and configuration management. The cost-plus-fixed-fee and firm-fixed-price contract has a one-year base period of performance with four option years. About SAIC SAIC® is a premier Fortune 500® technology integrator driving our nation's digital transformation. Our robust portfolio of offerings across the defense, space, civilian, and intelligence markets includes secure high-end solutions in engineering, IT modernization, 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 that are critical to achieving our customers' missions. We are 25,500 strong; driven by mission, united by purpose, and inspired by opportunities. Headquartered in Reston, Virginia, SAIC has pro forma annual revenues of approximately $7.1 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, 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. View source version on businesswire.com: https://www.businesswire.com/news/home/20200602005228/en/ Lauren Presti 703-676-8982 lauren.a.presti@saic.com Source: Science Applications International Corp.

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  November 20, 2018 | International, Land

  Romania pursues replacement MBT

  Romania is seeking a replacement for its existing TR-85 M1 main battle tank (MBT), Lieutenant Colonel Valentin Torcica, chief of the Romanian Ministry of Defence's Armoured Office, announced on the last day of the Future Armoured Vehicles Survivability conference in London on 13-15 November. The TR-85 M1 has been service in 1997. The main requirements for the future Romanian MBT is to have a day/night all-weather hunter-killer capability, a 120 mm smoothbore main gun, and modern command, control, communications, computers, and intelligence mission systems. Other requirements include three or four crew members, a secondary armament with an elevation up to 70°, high survivability, and good sustainability. https://www.janes.com/article/84690/romania-pursues-replacement-mbt