June 5, 2020 | International, Naval
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.
April 30, 2021 | International, Aerospace
The offer to Finland’s HX fighter replacement programme is backed by the Governments, air forces and industries of the United Kingdom, Germany, Italy and Spain, which make up the Eurofighter...
January 16, 2019 | International, Aerospace, C4ISR
Jan. 15 (UPI) -- Raytheon will equip the U.S. Marine Corps' classic Hornet fleet with an upgraded APG-79(v)4 AESA radar system. Raython plans to begin delivering the system in 2021 and finish deliveries by 2022 for the Hornet fleet. No specified contract amount was listed in a news release Tuesday announcing the selection by the Marines. Full article: https://www.upi.com/Defense-News/2019/01/15/Raytheon-to-equip-classic-Hornet-with-upgraded-radar/7711547564777/
November 7, 2018 | International, Aerospace, Naval, Land, C4ISR, Security
David J. Bercuson With 18 diesel electric submarines, four so-called “helicopter destroyers” that look suspiciously like small aircraft carriers, 43 destroyers and destroyer escorts, 25 minesweepers and training ships, fleet oilers, submarine rescue ships and other vessels, Japan's navy — the Maritime Self-Defense Force — is the second largest in Asia and one of the largest in the world. It is also highly advanced technologically and is growing all the time. The two 27,000 ton Izumo-class helicopter destroyers, the largest in the fleet, with flat flight decks and islands on the starboard side of the vessels, are small compared to the United States Navy's Nimitz-class aircraft carriers (approximately 100,000 tons) or Britain's new Queen Elizabeth-class carriers (65,000 tons). But if equipped with the new short-take-off-and-vertical-landing F-35B stealth fighter they will still pack a powerful punch. And Japan is considering adding more of these aircraft carriers to its fleet and advanced U.S.-style Aegis class destroyers, capable of shooting down medium-range ballistic missiles. The irony in all of this is that Japan's post Second World War constitution still contains a provision — Article 9 — that prohibits it from possessing any offensive military capability. In the early 1950s, Japan began to build its self-defence forces and now has a powerful navy, a modern medium-sized air force that will soon fly the F-35 along with specially built F-15s, alongside more than 300 fighter aircraft and 50,000 personnel, and a growing land army and marine sea landing capability. Are these military assets “defensive” in nature? Partly, but aircraft carriers, high-speed destroyers, modern fighter aircraft and assault ships are surely as offensive as they are defensive. And Japanese Prime Minister Shinzo Abe has made it plain that in less than two years, he intends to seek to change the Japanese constitution to drastically curtail any obligation Japan has to maintain a purely defensive capability. In other words, he will ask the Japanese people and legislature to bless what Japan has already done. That could be more problematic than people realize. Like Germany, Japan suffered greatly in the Second World War. Virtually all its great cities were levelled either with atomic bombs (Hiroshima and Nagasaki) or fire raids that were carried out by giant B-29 bombers at low altitude at night. The attacks burned the heart out of Japan's cities. In March 1945, 100,000 people were killed in one night in a fire raid on Tokyo and many acres of the city were burned to the ground. Submarine blockades of Japan drastically curtailed food and fuel supplies. Hundreds of thousands of Japanese soldiers were killed either in the United States' march across the Pacific or in the Russian invasion of Manchuria near the end of the war. Japan was a prostrate nation by the end of 1945 and its ancient system of government was a shambles. Full article: https://nationalpost.com/opinion/david-j-bercuson-why-japan-is-building-its-military-fast