SAIC Wins $185 Million U.S. Army Decision Support Division Integrated Air, Missile and Network Defense, and Space Support Contract – Press Release

RESTON, Va.–(Business Wire)–

The U.S. Army awarded Science Applications International Corp. (NYSE: SAIC) a $185 million single-award, cost-plus fixed-fee task order to support the Decision Support Division for the U.S. Army Space and Missile Defense Command (USASMDC), in the areas of space, space control, high altitude, air and missile defense, and associated cyberspace operations.

Under the task order, SAIC will continue to provide system utility analysis and combat development in support of the warfighter with analysis, execution experiments, exercises and war games, and modeling and simulation development and integration support.

“SAIC looks forward to supporting the Decision Support Division of the Army’s Space and Missile Defense Command in Huntsville, Alabama,” said Jim Scanlon, SAIC executive vice president and general manager of the Defense Systems Group. “We are proud of our work in Huntsville, and through investments like our new Innovation Factory hub, look forward to providing the very best technological

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Science Applications (SAIC) Q2 Earnings Beat, Increase Y/Y

Science Applications SAIC reported mixed results for second-quarter fiscal 2021, wherein its earnings topped the Zacks Consensus Estimate but revenues missed the same. Nonetheless, the company recorded year-over-year growth in both the metrics.

The company’s fiscal second-quarter adjusted earnings surged 21% year over year to $1.63 per share and surpassed the Zacks Consensus Estimate of $1.42 per share. The year-over-year upside was mainly driven by higher revenues and reduced outstanding share count.

Quarterly revenues jumped 11% from the year-ago period to $1.76 billion. Revenues realized from the acquisition of Unisys Federal mainly drove the top line. Solid performance of the company’s contract portfolio was a tailwind. Adjusting for the impact of acquired revenues, the metric inched down 0.7%. Moreover, quarterly revenues fell short of the consensus mark of $1.79 billion.

Science Applications International Corporation Price, Consensus and EPS Surprise Science Applications International Corporation Price, Consensus and EPS Surprise

Science Applications International Corporation price-consensus-eps-surprise-chart | Science Applications International Corporation Quote

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