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

SAIC Wins Two More Pentagon Contracts, Worth Up to $114.5 Million

Just a day after awarding it a pair of contracts worth up to $174.2 million Thursday, the Department of Defense came back and awarded local defense contractor Science Applications International Corp (NYSE: SAI  ) two more contracts Friday

The larger of the two awards, for $99.5 million, came in the form of an indefinite-delivery/indefinite-quantity (IDIQ) contract to work on the Defense Threat Reduction Agency's Cooperative Threat Reduction (CTR) project to control nuclear proliferation. SAIC will provide logistics support to CTR through June 2016.

The smaller award, for $15 million, was made smaller still by the fact that SAIC must share it with a rival firm, Anderson, S.C.'s Advanced Technology International. DoD exercised options to give each firm part of a one-year extension of a contract to conduct field tests and evaluation support services for the Naval Facilities Engineering and Expeditionary Warfare Center, Port Hueneme. Going forward, the two firms will bid against each other to win task orders under the umbrella contract, with total payments between the two firms not to exceed the stated $15 million. This contract extension runs through June 2014.

Read/Post Comments (0) | Recommend This Article (1)

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.

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: 2516439, ~/Articles/ArticleHandler.aspx, 5/28/2015 6:17:18 AM

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...

Apple's next smart device (warning, it may shock you

Apple recently recruited a secret-development "dream team" to guarantee its newest smart device was kept hidden from the public for as long as possible. But the secret is out. In fact, ABI Research predicts 485 million of this type of device will be sold per year. But one small company makes Apple's gadget possible. And its stock price has nearly unlimited room to run for early-in-the-know investors. To be one of them, and see Apple's newest smart gizmo, just click here!