Science Applications International Corporation

From Wikipedia, the free encyclopedia
Jump to navigation Jump to search

Science Applications International Corporation
Public company
Traded asNYSESAIC
S&P 400 Component
IndustryInformation technology and engineering
Founded1969 (original company)
2013 (as a spin-off of Leidos, formerly SAIC)
Headquarters,
United States
Area served
worldwide
Key people
Donna Morea (chairman)[1]
Nazzic S. Keene (chief executive officer)[2]
RevenueUS$4.7 billion (annual)[3]
Total assetsUS$4.6 billion[3]
Number of employees
23,127[3] (2018)
Websitesaic.com
Footnotes / references
[4][5][6]

Science Applications International Corporation (SAIC) is an American company headquartered in Reston, Virginia[7] that provides government services and information technology support.

History[edit]

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,[8] 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.[9] 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.[10][11]

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.[12] Scitor was previously owned by Leonard Green & Partners, L.P., a private equity firm.[13]

On September 10, 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 2019.[14]

Operations[edit]

SAIC has adopted a matrix operating model in which different service lines collaborate to serve a given contract.[11][15]

People[edit]

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[edit]

  1. ^ SAIC. "Donna Morea – SAIC".
  2. ^ SAIC. "Nazzic S. Keene – SAIC".
  3. ^ a b c "Science Applications International". Fortune. Retrieved November 1, 2019.
  4. ^ Aitoro, Jill R. (September 27, 2013). "What to expect from Leidos and SAIC when they start trading Sept. 30". Washington Business Journal. Retrieved September 29, 2013.
  5. ^ Aitoro, Jill R. (September 27, 2013). "Exclusive: John Jumper explains why the Leidos-SAIC split had to happen". Washington Business Journal. Retrieved September 26, 2013.
  6. ^ "www.saic.com". Retrieved September 29, 2013.
  7. ^ SAIC. "Contact Us – SAIC".
  8. ^ Jayakumar, Amrita (September 27, 2014). "One year later: The tale of SAIC and Leidos". The Washington Post. Retrieved October 1, 2014.
  9. ^ "- The Washington Post". The Washington Post. Retrieved September 29, 2016.
  10. ^ Riekenberg, Philip (September 17, 2013). "SAIC: A Profitable Solution To A Conflict Of Interest". Retrieved September 29, 2016.
  11. ^ a b "One year later: The tale of SAIC and Leidos". The Washington Post. Retrieved September 29, 2016.
  12. ^ "SAIC Completes Acquisition of Scitor | SAIC". investors.saic.com. Retrieved September 29, 2016.
  13. ^ "Leonard Green & Partners – Past Investments". leonardgreen.com. Retrieved September 29, 2016.
  14. ^ https://www.reuters.com/article/us-engilityholdings-m-a-saic/u-s-government-contractor-saic-to-buy-engility-for-1-5-billion-idUSKCN1LQ1CG
  15. ^ "SAIC " Simulation & Analysis". saic.com. Retrieved September 29, 2016.

External links[edit]