Science Applications International Corporation

Science Applications International Corporation
Public
Traded as NYSE: SAIC
S&P 400 Component
Industry Information technology and engineering
Founded 1969 (original company)
2013 (as a spin-off of Leidos, formerly SAIC)
Headquarters Reston, Fairfax, Virginia, United States
Area served
 worldwide
Key people
 Edward Sanderson, Jr. (Chairman)[1]
Anthony J. Moraco (Chief Executive Officer)[2]
Revenue US$ 4.5 billion (annual)
Number of employees
 15,000
Website www.saic.com
Footnotes / references
[3][4][5]

Science Applications International Corporation (SAIC) is an American company headquartered in Reston, Virginia[6] that provides government services and information technology support.

History

The original SAIC was created in 1969 by J. Robert Beyster. Then on September 27, 2013, it spun off a $4 billion unit which retained its name,[7] while the parent company changed its name to Leidos. Following the split, Anthony J. Moraco was appointed CEO of SAIC, and John P. Jumper was appointed CEO of Leidos.[8] The primary motivation for the spinoff was the conflicts of interest provisions in the Federal Acquisition Regulation which prevented the company from bidding on some new contracts because of existing contracts.[9][10]

On May 4, 2015, SAIC acquired Scitor Holdings, Inc. for $790 million to expand their presence in the intelligence industry through classified contracts, cleared personnel, and a robust security infrastructure. [11] Scitor was previously owned by Leonard Green & Partners, L.P., a private equity firm.[12]

On September 10th, 2018, SAIC announced its acquisition of Engility, a competitor in the U.S. government services contracting sector, for a combined 2.5 billion USD with the merger set to take place in January of 2019.[13]

Operations

SAIC has adopted a matrix operating model in which different service lines collaborate to serve a given contract.[10][14]

People

Deborah Lee James, president of SAIC's technology and engineering sector, was sworn in as Secretary of the Air Force on December 20, 2013 after being appointed by President Barack Obama.

References

  1. ↑ SAIC. "Edward Sanderson, Jr. - SAIC".
  2. ↑ SAIC. "Anthony J. Moraco - SAIC".
  3. ↑ Aitoro, Jill R. (27 September 2013). "What to expect from Leidos and SAIC when they start trading Sept. 30". Washington Business Journal. Retrieved 29 September 2013.
  4. ↑ Aitoro, Jill R. (27 September 2013). "Exclusive: John Jumper explains why the Leidos-SAIC split had to happen". Washington Business Journal. Retrieved 26 September 2013.
  5. ↑ "www.saic.com". Retrieved 29 September 2013.
  6. ↑ SAIC. "Contact Us - SAIC".
  7. ↑ Jayakumar, Amrita (27 September 2014). "One year later: The tale of SAIC and Leidos". The Washington Post. Retrieved 1 October 2014.
  8. ↑ "- The Washington Post". Washington Post. Retrieved 2016-09-29.
  9. ↑ Riekenberg, Philip (2013-09-17). "SAIC: A Profitable Solution To A Conflict Of Interest". Retrieved 2016-09-29.
  10. 1 2 "One year later: The tale of SAIC and Leidos". Washington Post. Retrieved 2016-09-29.
  11. ↑ "SAIC Completes Acquisition of Scitor | SAIC". investors.saic.com. Retrieved 2016-09-29.
  12. ↑ "Leonard Green & Partners - Past Investments". www.leonardgreen.com. Retrieved 2016-09-29.
  13. ↑ https://www.reuters.com/article/us-engilityholdings-m-a-saic/u-s-government-contractor-saic-to-buy-engility-for-1-5-billion-idUSKCN1LQ1CG
  14. ↑ "SAIC » Simulation & Analysis". www.saic.com. Retrieved 2016-09-29.


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