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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 Earns Outstanding Rating for Small Business Performance

25/08/2009 1:05pm

PR Newswire (US)


Saudi Arabia Investment Fund (LSE:SAI)
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Company Recognized By Defense Contract Management Agency SAN DIEGO and MCLEAN, Va., Aug. 25 /PRNewswire-FirstCall/ -- Science Applications International Corporation (SAIC) (NYSE:SAI) announced today that it has received an outstanding rating from the Defense Contract Management Agency (DCMA) for its commitment to using small businesses as subcontractors and suppliers. The DCMA is the Department of Defense (DoD) component that works directly with Defense suppliers to help ensure that DoD, Federal, and allied government supplies and services are delivered on time, at projected cost, and meet all performance requirements, including small business participation. The DCMA regularly reviews small business subcontracting programs. "We are pleased to have earned DCMA's top rating, and very proud of the work our small business and line organizations have done to support relationships with small businesses," said Arnold Punaro, SAIC executive vice president of Government Affairs, Communications and Support Operations. "SAIC views small business development as good business, both for our customers and our economy. We remain dedicated to fully employing their capabilities and innovations to help address the complex challenges facing our customers." In the last government fiscal year, which ended in September 2008, SAIC awarded a record $1.6 billion in subcontracts to small businesses The DCMA review lauded SAIC's success at promoting all aspects of the small business program, including its ability to meet small business participation goals and outreach efforts. SAIC was also cited for its work with service-disabled veteran-owned small business and Historically Black Colleges and Universities and Minority Institutions. DCMA bases its ratings on each company's contract compliance, overall performance, adherence to policies and procedures, outreach efforts, and the commitment of its leaders. For more information on SAIC's small business program, visit http://www.saic.com/sbp. 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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