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SAI Saudi Arab.Inv.

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Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Saudi Arab.Inv. LSE:SAI London Ordinary Share GB0000447960 ORD SHS $0.01
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.00 -
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

SAIC Awarded Contract to Continue Providing Information Technology Services to Entergy Corporation

10/12/2009 12:50pm

PR Newswire (US)


Saudi Arabia Investment Fund (LSE:SAI)
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Company to Provide Application and Infrastructure Support Through 2015 SAN DIEGO and McLEAN, Va., Dec. 10 /PRNewswire-FirstCall/ -- Science Applications International Corporation (SAIC) (NYSE:SAI) today announced it has been awarded a follow-on contract by Entergy Corporation to continue providing comprehensive information technology (IT) services through 2015. The single award, indefinite-delivery/indefinite-quantity contract has a six year period of performance and a total value of more than $219 million. Work will be performed primarily in New Orleans, La., Little Rock, Ark., and Houston, Texas. Entergy Corporation is an integrated energy company engaged primarily in electric power production and retail distribution operations. Entergy owns and operates power plants with approximately 30,000 megawatts of electric generating capacity, and is the second-largest nuclear generator in the United States. Entergy delivers electricity to 2.7 million utility customers in Arkansas, Louisiana, Mississippi and Texas. Entergy has annual revenues of more than $13 billion and approximately 14,700 employees. Under the contract, SAIC will continue providing comprehensive IT support services to Entergy including application development and maintenance, as well as infrastructure support - PC user, help desk, data center operations, and telecommunications services. "We are pleased with the strong relationship we have built with SAIC over the last decade," said Jill Israel, Entergy's chief information officer. "SAIC has established themselves as a valuable provider of quality IT services." SAIC has supported Entergy since 1999, providing recovery support during hurricanes Katrina and Rita, and other major storms, helping the company develop two new data centers, and enhancing overall IT service delivery. "We look forward to continuing our support of Entergy as they continue delivering electricity to 2.7 million customers, and pursue industry leading business initiatives in customer service, utility operations, security, and storm response," said Rex Ballard, SAIC senior vice president and business unit general manager. About SAIC SAIC is a FORTUNE 500® scientific, engineering, and technology applications company that uses its deep domain knowledge to solve problems of vital importance to the nation and the world, in national security, energy and the environment, critical infrastructure, and health. The company's approximately 45,000 employees serve customers in the U.S. Department of Defense, the intelligence community, the U.S. Department of Homeland Security, other U.S. Government civil agencies and selected commercial markets. Headquartered in McLean, Va., SAIC had annual revenues of $10.1 billion for its fiscal year ended January 31, 2009. For more information, visit http://www.saic.com/. SAIC: From Science to Solutions® Statements in this announcement, other than historical data and information, constitute forward-looking statements that involve risks and uncertainties. A number of factors could cause our actual results, performance, achievements, or industry results to be very different from the results, performance, or achievements expressed or implied by such forward-looking statements. Some of these factors include, but are not limited to, the risk factors set forth in SAIC's Annual Report on Form 10-K for the period ended January 31, 2009, and other such filings that SAIC makes with the SEC from time to time. Due to such uncertainties and risks, readers are cautioned not to place undue reliance on such forward-looking statements, which speak only as of the date hereof. Contact: Melissa Koskovich Laura Luke (703) 676-6762 (703) 676-6533 DATASOURCE: SAIC CONTACT: Melissa Koskovich, +1-703-676-6762, , or Laura Luke, +1-703-676-6533, , both of SAIC Web Site: http://www.saic.com/

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