SAIC seems to have won 8th largest contract at $753M, says William Blair

On September 4, SAIC appears to have won a $753M task order to provide services for the U.S. Army National Guard, William Blair analyst Louie DiPalma tells investors in a research note. The analyst believes this is new work for SAIC, which he says makes it more meaningful in terms of how it translates to incremental revenue. SAIC has not yet put out a press release, and most investors seem unaware of this “sizable award,” adds DiPalma. According to his contract tracker, this is SAIC’s eighth largest contract. The analyst keeps an Outperform rating on SAIC.