Track the companies that matter to you. It's FREE! Click one of these fan favorites to get started: Apple; Google; Ford.



SAIC Wins Up to $667 Million in Navy Contract

Defense contractor SAIC (UNKNOWN: SAI.DL  ) announced in a press release Thursday that the U.S. Navy's Space and Naval Warfare Systems Center (SSC) Atlantic has awarded the¬†company a contract worth up to $667 million. The agreement for SAIC to provide technical and systems engineering support is over one year, with two one-year options that could extend the contract to its maximum value.

SAIC will support SSC Atlantic's program to eliminate duplication in its command operations. The company will furthermore integrate production processes into a single facility and provide support to a number of programs, including the Tactical Operations Intercommunications Network and the Naval Tactical Command Support System, among others.

SAIC senior vice president and business unit general manager Jim Thigpen was quoted in the release as saying, "Our efforts and experience with large-scale integration and systems engineering efforts have set the stage for our work on this contract... This expertise will enable us to provide SSC Atlantic with technological solutions that will ultimately streamline efforts and help to deliver platforms more rapidly to the warfighter."


Read/Post Comments (0) | Recommend This Article (0)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

Compare Brokers

Fool Disclosure

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2230593, ~/Articles/ArticleHandler.aspx, 9/30/2016 1:32:30 PM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...

Today's Market

updated Moments ago Sponsored by:
DOW 18,324.49 181.04 1.00%
S&P 500 2,169.44 18.31 0.85%
NASD 5,312.48 43.33 0.82%

Create My Watchlist

Go to My Watchlist

You don't seem to be following any stocks yet!

Better investing starts with a watchlist. Now you can create a personalized watchlist and get immediate access to the personalized information you need to make successful investing decisions.

Data delayed up to 5 minutes

Related Tickers

12/31/1969 7:00 PM
SAI.DL $0.00 Down +0.00 +0.00%
SAIC CAPS Rating: ***