SAIC Falls on TRANSCOM Selection - InvestingChannel

SAIC Falls on TRANSCOM Selection

Science Applications International Corp. (NYSE: SAIC) has been selected by the United States Transportation Command (USTRANSCOM) to modernize the organization’s IT management systems, infuse the latest innovations into enterprise IT and introduce IT as-a-service models.

“Our work with customers like United States Central Command and the Air Force’s Cloud One program has positioned SAIC to deliver mission enabling enterprise IT, including top-tier end user satisfaction, fully integrated mission enhancement and cyber security through Zero Trust and cloud migration,” said Michael LaRouche, president of the National Security and Space Sector at SAIC. “We are thrilled to bring our best-in-industry enterprise IT expertise to USTRANSCOM’s critical mission. This work will benefit USTRANSCOM and their delivery of responsive, global mobility at scale.”

The single-award indefinite delivery, indefinite quantity (IDIQ) Managed Information Technology Services (MITS) contract has a value of approximately $150 million over five years. The work falls within SAIC’s Enterprise IT and Secure Cloud growth and technology accelerant (GTA) focus areas and expands the company’s work within the combatant commands.

Under the contract, SAIC will manage almost all enterprise IT services. It is the follow-on contract to the Information Technology Service Management (ITSM) program.

“SAIC,” says its latest news release, “is a premier Fortune 500® technology integrator driving our nation’s technology transformation. Our robust portfolio of offerings across the defense, space, civilian and intelligence markets includes secure high-end solutions in engineering, digital, artificial intelligence and mission solutions.”

SAIC shares gave back 64 cents, to $108.22.

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