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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 to Support U.S. Military Training Mission to Saudi Arabia

25/08/2009 12:50pm

PR Newswire (US)


Saudi Arabia Investment Fund (LSE:SAI)
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Company to Help Establish Saudi War College SAN DIEGO and MCLEAN, Va., Aug. 25 /PRNewswire-FirstCall/ -- Science Applications International Corporation (NYSE:SAI) today announced it has been awarded a prime contract by the U.S. Military Training Mission (USMTM) to support the Saudi Arabian Armed Forces (SAAF) by establishing a Saudi War College (SWC) that meets educational and administrative standards of US War Colleges. The contract has a one year base period of performance, three one-year options and a contract value of more than $11 million if all options are exercised. Work will be performed primarily in Riyadh, Saudi Arabia. The USMTM to Saudi Arabia is a joint training mission and functional component command under the military command of the U.S. Central Command. The USMTM advises and assists the SAAF through security assistance efforts by developing, training and sustaining capable deterrent and self-defense forces for the Kingdom of Saudi Arabia in order to facilitate regional security. Under the contract, SAIC will help establish an SWC to assist in preparing and educating Saudi leaders to face domestic and global challenges. SAIC will help establish a state-of-the-art educational institution, and develop and implement a flexible curriculum that will enable the SWC to adapt to future Saudi mission requirements. SAIC will also recruit, hire, and retain fully qualified Saudi instructors, develop and implement a quality assurance plan, and establish a career and mentoring program for SWC instructors. "SAIC is honored to support the SAAF by helping establish a world-class SWC. We believe that SAAF, teamed with SAIC, has the prerequisites for creating a prestigious military institution for the education of strategic leaders," said Charles Zang, 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. 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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