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SAI Saudi Arab.Inv.

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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 Support Space and Naval Warfare Systems Center Atlantic

30/07/2009 12:50pm

PR Newswire (US)


Saudi Arabia Investment Fund (LSE:SAI)
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Company to Continue Providing Tactical Command and Control (C2) Integration Support to Department of Defense and Federal Agencies SAN DIEGO and MCLEAN, Va. July 30 /PRNewswire-FirstCall/ -- Science Applications International Corporation (SAIC) (NYSE:SAI) today announced that it has been awarded a prime contract by the Space and Naval Warfare Systems Center Atlantic (SPAWARSYSCEN Atlantic) to provide command and control integration support to the Department of Defense (DoD) and federal agencies. The multiple award, indefinite-delivery/indefinite-quantity contract has a one-year base period of performance and four one-year options. SAIC's prime contract has a total contract value of more than $196 million if all options are exercised. Work will be performed in Charleston, S.C., and Lexington Park, Md., by SAIC's wholly owned subsidiary Eagan, McAllister Associates, Inc. (EMA). SPAWARSYSCEN Atlantic provides systems engineering and integration, configuration management, quality assurance, logistics, training, and test and evaluation in support of federal and DoD C4ISR (command, control, communications, computer, intelligence, surveillance and reconnaissance) requirements. Under the contract, SAIC will provide engineering and technical support services for the development, test and evaluation, and life cycle support of C4ISR systems and related equipment and subsystems. "SAIC and its subsidiary EMA have been prime contractors supporting SPAWARSYSCEN Atlantic since 1999," said Debbie James, SAIC senior vice president and business unit general manager. "We are pleased to continue helping this important customer deliver integrated C4ISR capabilities and knowledge superiority to the warfighter." 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. 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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