Saab Receives Order for Gripen C/D Upgrade

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  March 20, 2020 | International, Land, C4ISR

  SAIC wins $950 Million defense logistics agency FSG-80 contract

  Reston, Va. March, 19, 2020 -- (BUSINESS WIRE)-- Science Applications International Corp. (NYSE: SAIC) won the Federal Supply Group - 80 Tailored Logistics Support Program contract from the Defense Logistics Agency. The single-award, indefinite-delivery, indefinite-quantity contract has a ceiling value of $950 million. “We're proud to extend our partnership with the DLA in supporting our warfighters around the world,” said Jim Scanlon, executive vice president and general manager of SAIC's Defense Systems Group. “We're looking forward to bringing our expertise and technical solutions, such as our Integrated Logistics Toolkit and hazardous materials management, to bear to help improve service delivery to the Department of Defense.” On this contract, SAIC will take over supply chain management for the FSG 80 commodity, which includes paints; preservation and sealing compounds; and adhesives. Many of these items have short shelf lives and require temperature-controlled storage. The company will provide services including, but not limited to, procurement, demand planning, inventory and distribution management, shelf-life management, and direct delivery of the commodity to more than 5,000 DOD locations. SAIC's Integrated Logistics Tool kit is a suite of open-source software applications that optimizes performance on large, supply chain management programs. It automates collection of requirements, forecasting demand, and inventory and delivery management and optimization. The toolkit can also identify qualified sources of supply and generate customized reports. It was developed based on business processes and best-in-class methodologies obtained by SAIC's more than 30 years' experience in supply chain management. The contract has a three-year base period of performance with two, two-year options. About SAIC SAIC® is a premier technology integrator solving our nation's most complex modernization and readiness challenges. Our robust portfolio of offerings across the defense, space, civilian, and intelligence markets includes high-end solutions in engineering, IT, 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. We are 24,000 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/20200319005042/en/ Lauren Presti 703-676-8982 lauren.a.presti@saic.com Source: Science Applications International Corp. View source version on SAIC: https://investors.saic.com/press-releases/press-release-details/2020/SAIC-Wins-950-Million-Defense-Logistics-Agency-FSG-80-Contract/default.aspx

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  October 1, 2018 | International, Aerospace, Naval, Land, C4ISR, Security

  Trump signs defense spending plan, with one more swipe at Democrats

  By: Leo Shane III WASHINGTON — President Donald Trump finalized an $854 billion spending bill on Friday that fully funds the military for fiscal 2019 and prevents a government shutdown next week, accomplishments that congressional leaders have called important and laudable. But Trump's signature came with one final attack on Democrats over the spending measure, lamenting lawmakers' decision not to include extra money in the appropriations package for his planned wall along the southern U.S. border. “Unfortunately, the radical Democrats refuse to support border security and want drugs and crime to pour into our country,” he said in a statement after signing the bill. The comments came just a week after Trump took to social media to blast “this ridiculous Spending Bill,” raising fears of a presidential veto on Capitol Hill. Instead, Trump largely praised the measure on Friday, calling it “important legislation to rebuild our military” and promote other domestic priorities. The appropriations measure includes $674 billion in defense funding for fiscal 2019, and marks the first time in a decade Congress has finalized the spending measure before the start of the new fiscal year. The measure funds a 2.6 percent pay raise for troops starting next January and a boost in military end strength of 16,400 spread across the active-duty and reserve forces. Trump, in his statement, praised the measure for including “93 new F-35 Lightning Joint Strike Fighters, 142 Apache and Black Hawk helicopters, and 13 Navy battle force ships — made right here in the USA.” In a statement after the signing, House Armed Services Committee Chairman Mac Thornberry, R-Texas, praised the president for pushing for the funding increases in his budget request and past public statements. “By funding our military in full and on time, we can begin to restore its strength, agility, and effectiveness,” he said. “As I have said before, the task before us now is to make full, on time funding of our military the rule in Washington, and not the exception.” The spending bill also includes full-year funding for the departments of Health and Human Services, Education and Labor, as well as bridge funding for a handful of other government agencies to keep them operational through Dec. 7. Last week, Trump signed into law a separate package that included full-year funding for the Department of Veterans Affairs and for military construction projects. https://www.militarytimes.com/news/your-military/2018/09/28/trump-signs-spending-plan-avoiding-shutdown

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  August 19, 2020 | International, Aerospace

  US Army seeks vendor to disassemble remaining AH-64D attack helos

  by Gareth Jennings The US Army has issued a request for information (RFI) for the ‘depopulation' of its remaining Boeing AH-64D Apache Longbow attack helicopters. Announced by the US Army Program Executive Office – Aviation on 17 August, the Apache AH-64D Attack Helicopter Depopulation RFI seeks to identify potential sources that possess the expertise, capabilities, and experience to meet the requirements necessary to depopulate (disassemble) hundreds of the service's remaining helicopters. “This RFI is to obtain qualified vendors to provide plans, procedures, production information, and reports addressing the depopulation of three to seven AH-64D aircraft per month. Additional work scope includes minor repairs in order to maximise reuse of components for production of the AH-64E [Apache Guardian]. The period of performance for this work is from January 2022 through December 2027 with the first delivery required in June 2023 and the last delivery required in March 2027,” the US Army stated on the beta.sam.gov government procurement website. https://www.janes.com/defence-news/news-detail/us-army-seeks-vendor-to-disassemble-remaining-ah-64d-attack-helos