SAIC Wins Contract to Stabilize U.S. Patent and Trademark Office IT Systems and Support Future IT Modernization

Sep 09, 2019 04:15 pm
RESTON, Va. -- 

The Department of Commerce awarded Science Applications International Corp. (NYSE: SAIC) a systems integration contract supporting the U.S. Patent and Trademark Office. The single-award, indefinite delivery, indefinite quantity contract has a ceiling value of $60 million and a five-year period of performance.

“This new award is an important step toward stabilizing and securing critical IT systems for the U.S. Patent and Trademark Office. Our work will ensure that they are operating with systems that experience less downtime and fewer vulnerabilities,” said Bob Genter, SAIC executive vice president and general manager of the Civilian Markets Customer Group. “We are pleased to help the Patent and Trademark Office lay the foundation for IT modernization, which will allow them to focus their time and resources on supporting and protecting the ingenuity of American inventors and entrepreneurs.”

Leveraging SAIC’s proven application modernization and cloud migration solutions, the company will provide IT modernization services to stabilize the portfolio of critical U.S. Patent and Trademark Office IT systems and prevent any disruption to service. SAIC will also provide technical leadership and solution delivery through short and long-term implementation processes that help address several challenges facing the agency.

Work will be performed primarily in Alexandria, Virginia, with some work offered to remote sites within the Continental United States.

About SAIC

SAIC® is a premier technology integrator solving our nation’s most complex modernization and readiness challenges. Our robust portfolio of offerings across the defense, space, civilian, and intelligence markets includes high-end solutions in engineering, IT, and mission solutions. Using our expertise and understanding of existing and emerging technologies, we integrate the best components from our own portfolio and our partner ecosystem to deliver innovative, effective, and efficient solutions.

We are 23,000 strong; driven by mission, united by purpose, and inspired by opportunities. Headquartered in Reston, Virginia, SAIC has pro forma annual revenues of approximately $6.5 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.

SAIC Media Contact:
Lauren Presti
703-676-8982
[email protected]