Science Applications International Corporation

Science Applications International Corporation, Inc.
Type	Public company
Traded as	NYSE: SAIC; S&P 400 Component;
Industry	Information technology and engineering
Founded	1969 (original company); 2013 (as a spin-off of Leidos; formerly SAIC)
Headquarters	Reston, Fairfax, Virginia, United States
Area served	worldwide
Key people	Donna Morea (chairman); Nazzic S. Keene (CEO);
Revenue	US$7.39 billion (2021)
Operating income	US$462 million (2021)
Net income	US$277 million (2021)
Total assets	US$5.75 billion (2021)
Total equity	US$1.63 billion (2021)
Number of employees	c. 26,000 (January 2022)
Website	saic.com
	Footnotes / references;

Science Applications International Corporation (SAIC), Inc. is an American company headquartered in Reston, Virginia that provides government services and information technology support.^[7]

History

The original SAIC was created in 1969 by J. Robert Beyster. Then on September 27, 2013, it spun off a $4 billion unit which retained its name,^[8] while the parent company changed its name to Leidos. Following the split, Anthony J. Moraco was appointed CEO of SAIC, and John P. Jumper was appointed CEO of Leidos.^[9] The primary motivation for the spinoff was the conflicts of interest provisions in the Federal Acquisition Regulation which prevented the company from bidding on some new contracts because of existing contracts.^[10]^[7]

On May 4, 2015, SAIC acquired Scitor Holdings, Inc. for $790 million to expand their presence in the intelligence industry through classified contracts, cleared personnel, and a robust security infrastructure.^[11] Scitor was previously owned by Leonard Green & Partners, L.P., a private equity firm.^[12]

On September 10, 2018, SAIC announced its acquisition of Engility, a competitor in the U.S. government services contracting sector, for a combined US$2.5 billion with the merger set to take place in January 2019.^[13]

On February 6, 2020, SAIC announced its acquisition of Unisys US Federal, a competitor in the U.S. government services contracting sector, for a combined US$1.2 billion.

Operations

SAIC has adopted a matrix operating model in which different service lines collaborate to serve a given contract.^[7]

People

Deborah Lee James, president of SAIC's technology and engineering sector, was sworn in as Secretary of the Air Force on December 20, 2013, after being appointed by President Barack Obama.

References

^ SAIC. "Donna Morea – SAIC".
^ SAIC. "Nazzic S. Keene – SAIC".
^ Aitoro, Jill R. (September 27, 2013). "What to expect from Leidos and SAIC when they start trading Sept. 30". Washington Business Journal. Retrieved September 29, 2013.
^ Aitoro, Jill R. (September 27, 2013). "Exclusive: John Jumper explains why the Leidos-SAIC split had to happen". Washington Business Journal. Retrieved September 26, 2013.
^ "www.saic.com". Retrieved September 29, 2013.
^ "SAIC 2021 Annual Report (Form 10-K)". U.S. Securities and Exchange Commission. March 28, 2022.
^ ^a ^b ^c "One year later: The tale of SAIC and Leidos". The Washington Post. Retrieved September 29, 2016.
^ Jayakumar, Amrita (September 27, 2014). "One year later: The tale of SAIC and Leidos". The Washington Post. Retrieved October 1, 2014.
^ "- The Washington Post". The Washington Post. Retrieved September 29, 2016.
^ Riekenberg, Philip (September 17, 2013). "SAIC: A Profitable Solution To A Conflict Of Interest". Retrieved September 29, 2016.
^ "SAIC Completes Acquisition of Scitor | SAIC". investors.saic.com. Retrieved September 29, 2016.
^ "Leonard Green & Partners – Past Investments". leonardgreen.com. Retrieved September 29, 2016.
^ "SAIC to buy rival government services contractor Engility for $1.5 billion | Reuters".

External links

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[1] SAIC. "Donna Morea – SAIC".

[2] SAIC. "Nazzic S. Keene – SAIC".

[Aitoro1-3] Aitoro, Jill R. (September 27, 2013). "What to expect from Leidos and SAIC when they start trading Sept. 30". Washington Business Journal. Retrieved September 29, 2013.

[Aitoro2-4] Aitoro, Jill R. (September 27, 2013). "Exclusive: John Jumper explains why the Leidos-SAIC split had to happen". Washington Business Journal. Retrieved September 26, 2013.

[saic.com-5] "www.saic.com". Retrieved September 29, 2013.

[10K-6] "SAIC 2021 Annual Report (Form 10-K)". U.S. Securities and Exchange Commission. March 28, 2022.

[auto-7] "One year later: The tale of SAIC and Leidos". The Washington Post. Retrieved September 29, 2016.

[WP-8] Jayakumar, Amrita (September 27, 2014). "One year later: The tale of SAIC and Leidos". The Washington Post. Retrieved October 1, 2014.

[9] "- The Washington Post". The Washington Post. Retrieved September 29, 2016.

[10] Riekenberg, Philip (September 17, 2013). "SAIC: A Profitable Solution To A Conflict Of Interest". Retrieved September 29, 2016.

[11] "SAIC Completes Acquisition of Scitor | SAIC". investors.saic.com. Retrieved September 29, 2016.

[12] "Leonard Green & Partners – Past Investments". leonardgreen.com. Retrieved September 29, 2016.

[13] "SAIC to buy rival government services contractor Engility for $1.5 billion | Reuters".

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