Science Applications International Corporation

SAIC Becomes First Mission Integrator to Deliver Practical Quantum Solutions to Federal Civil and Defense Agencies

SAIC launched what it calls the first comprehensive end-to-end quantum solutions portfolio for federal civil, space, and defense customers, spanning timing, sensing, computation, and encryption. The portfolio includes quantum-resistant encryption aligned to NIST CNSA 2.0, GPS-independent navigation and timing, quantum-inspired optimization algorithms, and advanced quantum sensing, built on more than two years of investment and testing plus the acquisition of Information Security Corporation. The release is a positioning announcement with no disclosed contract awards or revenue; its significance lies in first-mover framing for federal post-quantum cryptography modernization demand.

•6d ago

SAIC Announces Key Leadership Appointments

SAIC named Prabu Natarajan permanent EVP of the Civilian Business Group, effective immediately; he remains CFO during the transition. Kenneth (Ken) Crews, previously Corporate VP and CFO of Northrop Grumman, joins October 30 as CFO Elect and formally assumes the CFO role December 7, 2026. CEO Jim Reagan framed the moves as aligning leadership with SAIC's growth strategy; the orderly handoff and credentialed successor reduce succession risk rather than raising it.

•21d ago

SAIC Acquires Information Security Corporation, Expanding Zero-Trust, Post-Quantum Cryptography and Encryption Capability

SAIC completed the acquisition of Information Security Corporation, a 30-year provider of PKI, encryption, and credential management software to government and security-conscious customers. ISC's products, including CertAgent on the NSA's CSfC Components List for over a decade, are embedded across the U.S. intelligence community and support post-quantum cryptography transition and zero-trust capabilities. Financial terms were not disclosed; KPMG advised SAIC and TideLock Partners advised ISC. The deal is a strategic capability tuck-in rather than a financially material transaction relative to SAIC's roughly $7.3 billion revenue base.

•29d ago

SAIC Wins U.S. Customs and Border Protection’s $742 Million Recompete Contract for Traveler and Cargo Security Systems

SAIC won a $742 million recompete task order from U.S. Customs and Border Protection to provide systems support for traveler and cargo security, with a five-year period of performance through September 2031. As prime contractor under Alliant 2, SAIC will deliver software development, operations, maintenance, and upgrades supporting DHS border-security initiatives. SAIC also recently won a separate five-year, $199 million recompete for CBP's Integrated Traveler Initiatives 2.1 program, further cementing its civilian-agency backlog.

•1mo ago

SAIC Announces Second Quarter of Fiscal Year 2027 Results

SAIC reported Q2 fiscal 2027 revenue of $1.88 billion, up 6.3% year-over-year with 5.3% organic growth, while adjusted EBITDA reached $193 million for a 10.3% margin. Management raised full-year 2027 guidance, increasing revenue expectations to $7.2 billion to $7.3 billion and adjusted EPS to $10.65 to $10.75, reflecting strong year-to-date performance. The company ended the quarter with $22.1 billion in backlog and declared a quarterly dividend of $0.37 per share, having deployed $106 million toward buybacks and dividends during the quarter.

•2mo ago

SAIC Board of Directors Declares Cash Dividend

SAIC's board of directors declared a quarterly cash dividend of $0.37 per share, payable on October 23, 2026 to stockholders of record on October 9, 2026. The company intends to continue paying dividends on a quarterly basis, though future declarations are subject to board approval based on earnings and capital requirements. Headquartered in Reston, Virginia, SAIC is a mission integrator with approximately 23,000 employees and annual revenues of about $7.3 billion.

•2mo ago

SAIC Appoints Financial Services Leader David Benson and Business Transformation Expert David Cush to Board of Directors

SAIC appointed David Benson and David Cush to its Board of Directors, effective immediately, increasing the board size to 12 members. Both appointees will serve on the Audit Committee, with Mr. Benson also joining the Human Resources and Compensation Committee and Mr. Cush joining the Nominating and Corporate Governance Committee. Mr. Benson brings extensive financial leadership experience as former President, CFO, and Interim CEO of Fannie Mae, where he managed over $25 billion in annual revenue. Mr. Cush contributes decades of operational expertise, having previously served as CEO of Virgin America and Service King Collision. Board Chair Donna Morea emphasized that the new directors will strengthen the board's ability to oversee strategy and drive operational excellence and long-term shareholder value.

•2mo ago

SAIC Wins $400 Million Recompete Contract with U.S. Intelligence Agency

SAIC was awarded a $400 million recompete contract by a U.S. Intelligence Agency to provide advanced systems engineering, technical integration, and mission support services. This award increases SAIC’s Intel Space awards to more than $1.6 billion during the first half of fiscal 2027, highlighting sustained momentum in the market. Executive Vice President Vinnie DiFronzo noted the win reflects the sustained confidence partners place in SAIC to deliver integrated ground solutions in a complex threat environment.

•2mo ago

SAIC Awarded New $70M Task Order for DoW Radar Engineering and Technical Support Services

SAIC was awarded a $70 million task order by the U.S. Navy to provide radar engineering and technical support services to the Naval Surface Warfare Center Crane Division. The cost-plus-fixed-fee contract has a one-year base period and four option periods, covering full lifecycle support for systems including SPY-6 AEGIS and G/ATOR across multiple domains. This contract reinforces SAIC's role as a radar center of excellence and aligns with the Navy's focus on accelerating capability delivery and integrating systems for complex environments.

•3mo ago

U.S. Air Force Awards SAIC Leading Position on $192M ABMS Digital Infrastructure Network Developer Contract

SAIC has been awarded a leading position on a $192 million multiple-award contract from the U.S. Air Force for the Advanced Battle Management System (ABMS) Digital Infrastructure Network Developer program. The contract supports the DAF Battle Network and the broader Combined Joint All Domain Command and Control (CJADC2) infrastructure, requiring SAIC to lead the design and deployment of digital backbone elements across air, land, space, maritime, and cyber domains. SAIC will leverage its expertise in networking, AI, and cloud engineering to integrate commercial and emerging technologies, aiming to accelerate decision-making and combat effectiveness for warfighters.

•4mo ago

Navy Awards SAIC $50.6M Torpedo Defense Services Task Order

SAIC was awarded a $50.6 million follow-on task order by the U.S. Navy’s Naval Undersea Warfare Center to provide torpedo defense system design, modernization, and sustainment services. The contract leverages SAIC’s two-decade legacy with the Navy, focusing on digital engineering, modeling simulation, and cybersecurity for systems like the AN/SLQ-25 'Nixie' and MK 58 CRAW. This operational win reinforces SAIC’s position as a premier mission integrator in the defense sector, though the value is modest relative to its $7.3 billion annual revenue base.

•5mo ago

SAIC Announces First Quarter of Fiscal Year 2027 Results

SAIC reported Q1 FY27 revenue of $1.91 billion, up 2% year-over-year, with operating income surging 48% to $179 million as margins expanded to 9.4% from 6.4%. Adjusted EBITDA rose 41% to $222 million (11.6% margin), driven by improved contract profitability and a $12 million gain on an investment sale, while free cash flow turned positive at $118 million. The company raised full-year guidance for adjusted EBITDA to $720M-$730M and adjusted EPS to $9.90-$10.10, citing strong execution and share count reduction from $175 million in buybacks.

•5mo ago