Sandia National Laboratories awarded Science Applications International Corporation (NYSE:SAI) a contract worth up to $228 million on Monday, hiring the IT specialist to provide mission computing and IT services in support of U.S. Department of Energy programs.
Sandia, which is run by a wholly owned subsidiary of defense contractor Lockheed Martin (NYSE:LMT), is charged with maintaining the reliability and security of America's nuclear arsenal, and also conducts research and development into both arms control and nonproliferation technologies, and nuclear weapons disposal. SAIC's role here will be to perform one of three contracts aimed at streamlining IT services at Sandia.
SAIC has been hired for an initial five-year contract, with the potential for a two-year extension that Sandia may exercise. If exercised, the total value of the contract could reach $228 million.
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