July 15, 2024
SAIC Selected for Department of the Interior Multi-Billion Dollar Cloud Services Contract
Company will compete to deliver essential cloud licenses and support services
Reston, Va., July 15, 2024 – Science Applications International Corp. (NASDAQ: SAIC), announced today it has been selected to compete for task orders on the Department of the Interior’s (the Department) Foundation Cloud Hosting Services II (FCHSII) contract.
"We are thrilled to continue our partnership with the Department of the Interior by delivering comprehensive cloud services through the FCHSII contract," said Srini Attili, executive vice president, Civilian Business Group at SAIC. "This award is a testament to our employees' expertise, extensive partner ecosystem and commitment to integrating solutions that help our clients meet their missions."
The FCHSII contract, valued at up to $2 billion over a 10-year period, emphasizes the government's commitment to technology advancement and the importance of cloud hosting services in meeting federal objectives.
SAIC will compete for task orders to deliver essential cloud licenses and support services encompassing software infrastructure and platform as-a-service, license and support services for hosting application storage, backup, archival/disaster recovery, virtual machine, database hosting, web hosting, development and test environment, and application hosting services.
This contract is a recompete of the previous $10 billion cloud services contract where SAIC supported the Department’s cloud computing capabilities. It is also one of several significant cloud services contracts awarded within the Civilian Business Group, including a Basic Ordering Agreement (BOA) by the Department of Agriculture’s STRATUS 10-year contract and a $1.3 billion single-source, seven-year contract by the Department of the Treasury.
Additionally, SAIC was recently named a Leader in the 2024 IDC MarketScape U.S. Federal Government Cloud Professional Services Vendor Assessment. The full report is available here.
About SAIC
SAIC® is a premier Fortune 500® technology integrator focused on advancing the power of technology and innovation to serve and protect our world. Our robust portfolio of offerings across the defense, space, civilian and intelligence markets includes secure high-end solutions in mission IT, enterprise IT, engineering services and professional services. We integrate emerging technology, rapidly and securely, into mission critical operations that modernize and enable critical national imperatives.
We are approximately 24,000 strong; driven by mission, united by purpose, and inspired by opportunities. SAIC is an Equal Opportunity Employer, fostering a culture of diversity, equity and inclusion, which is core to our values and important to attract and retain exceptional talent. Headquartered in Reston, Virginia, SAIC has annual revenues of approximately $7.4 billion. For more information, visit saic.com. For ongoing news, please visit our newsroom.
Forward-Looking Statements
Certain statements in this release contain or are based on “forward-looking” information within the meaning of the Private Securities Litigation Reform Act of 1995. In some cases, you can identify forward-looking statements by words such as “expects,” “intends,” “plans,” “anticipates,” “believes,” “estimates,” “guidance,” and similar words or phrases. Forward-looking statements in this release may include, among others, estimates of future revenues, operating income, earnings, earnings per share, charges, total contract value, backlog, outstanding shares and cash flows, as well as statements about future dividends, share repurchases and other capital deployment plans. Such statements are not guarantees of future performance and involve risk, uncertainties and assumptions, and actual results may differ materially from the guidance and other forward-looking statements made in this release as a result of various factors. Risks, uncertainties and assumptions that could cause or contribute to these material differences include those discussed in the “Risk Factors,” “Management’s Discussion and Analysis of Financial Condition and Results of Operations” and “Legal Proceedings” sections of our Annual Report on Form 10-K, as updated in any subsequent Quarterly Reports on Form 10-Q and other filings with the SEC, which may be viewed or obtained through the Investor Relations section of our website at saic.com or on the SEC’s website at sec.gov. Due to such risks, uncertainties and assumptions you are cautioned not to place undue reliance on such forward-looking statements, which speak only as of the date hereof. SAIC expressly disclaims any duty to update any forward-looking statement provided in this release to reflect subsequent events, actual results or changes in SAIC’s expectations. SAIC also disclaims any duty to comment upon or correct information that may be contained in reports published by investment analysts or others.
Media Contact:
Thais Hanson
703.676.8215 | thais.c.hanson@saic.com