For the Chinese company, see SAIC Motor. For the US company prior to Sep. 2013, see Leidos.
This article's lead sectionmay be too short to adequately summarize the key points. Please consider expanding the lead to provide an accessible overview of all important aspects of the article.(February 2024)
Science Applications International Corporation (SAIC), Inc. is an American technology company headquartered in Reston, Virginia that provides government services and information technology support.[7]
Science Applications International Corporation, Inc.
The original SAIC was created in 1969 by J. Robert Beyster. Then on September 27, 2013, it spun off a $4 billion unit which retained its name,[8] while the parent company changed its name to Leidos. This was due to organizational conflict of interest concerns by their main customer, the US defense department. The business units were separated into elements focused on 1) direct support and technical advice to government organizations (the SAIC portion), and 2) capability development (Leidos). Following the split, Anthony J. Moraco was appointed CEO of SAIC, and John P. Jumper was appointed CEO of Leidos.[9] The primary motivation for the spinoff was the conflicts of interest provisions in the Federal Acquisition Regulation which prevented the company from bidding on some new contracts because of existing contracts.[10][7]
On May 4, 2015, SAIC acquired Scitor Holdings, Inc. for $790 million to expand their presence in the intelligence industry through classified contracts, cleared personnel, and a robust security infrastructure.[11] Scitor was previously owned by Leonard Green & Partners, L.P., a private equity firm.[12]
On September 10, 2018, SAIC announced its acquisition of Engility, a competitor in the U.S. government services contracting sector, for a combined US$2.5 billion with the merger set to take place in January 2019.[13]
On February 6, 2020, SAIC announced its acquisition of Unisys US Federal, a competitor in the U.S. government services contracting sector, for a combined US$1.2 billion.
In 2021, SAIC acquired Halfaker and Associates, a Virginia-based technology services company founded by veterans’ advocate Frances Dawn Halfaker.[14]
Operationsedit
SAIC has adopted a matrix operating model in which different service lines collaborate to serve a given contract.[7]
In 2012 SAIC was ordered to pay $500 million to the City of New York for overbilling the city over a period of seven years on the CityTime contract.[15][16] In 2014 Gerard Denault, SAIC's CityTime program manager, and his government contact were sentenced to 20 years in prison for fraud and bribery related to that contract.[17]
^Aitoro, Jill R. (September 27, 2013). "What to expect from Leidos and SAIC when they start trading Sept. 30". Washington Business Journal. Retrieved September 29, 2013.
^Aitoro, Jill R. (September 27, 2013). "Exclusive: John Jumper explains why the Leidos-SAIC split had to happen". Washington Business Journal. Retrieved September 26, 2013.
^ abc"One year later: The tale of SAIC and Leidos". The Washington Post. Retrieved September 29, 2016.
^Jayakumar, Amrita (September 27, 2014). "One year later: The tale of SAIC and Leidos". The Washington Post. Retrieved October 1, 2014.
^"- The Washington Post". The Washington Post. Retrieved September 29, 2016.
^Riekenberg, Philip (September 17, 2013). "SAIC: A Profitable Solution To A Conflict Of Interest". Retrieved September 29, 2016.
^"SAIC Completes Acquisition of Scitor | SAIC". investors.saic.com. Retrieved September 29, 2016.
^"Leonard Green & Partners – Past Investments". leonardgreen.com. Retrieved September 29, 2016.
^"SAIC to buy rival government services contractor Engility for $1.5 billion | Reuters". Reuters. September 10, 2018.
^"SAIC to pay $250M for health solutions company". Washington Technology. June 3, 2021. Retrieved November 28, 2023.
^Paul McDougall (March 15, 2012). "SAIC Pays $500 Million In Record Settlement With NYC". InformationWeek. Retrieved September 25, 2013.
^Grynbaum, Michael M. (March 15, 2012). "Contractor Strikes $500 Million Deal in City Payroll Scandal". The New York Times. ISSN 0362-4331. Retrieved May 11, 2021.
^Weiser, Benjamin (April 28, 2014). "Three Contractors Sentenced to 20 Years in CityTime Corruption Case". The New York Times.
External linksedit
Official website
Business data for Science Applications International Corporation, Inc.:
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For the Chinese company see SAIC Motor For the US company prior to Sep 2013 see Leidos This article s lead section may be too short to adequately summarize the key points Please consider expanding the lead to provide an accessible overview of all important aspects of the article February 2024 Science Applications International Corporation SAIC Inc is an American technology company headquartered in Reston Virginia that provides government services and information technology support 7 Science Applications International Corporation Inc Company typePublic companyTraded asNasdaq SAICS amp P 400 componentIndustryInformation technology and engineeringFounded1969 55 years ago 1969 original company 2013 11 years ago 2013 as Leidos spin off formerly SAIC HeadquartersReston Virginia United StatesArea servedworldwideKey peopleDonna Morea chairman 1 Toni Townes Whitley CEO 2 RevenueUS 7 70 billion 2023 Operating incomeUS 501 million 2023 Net incomeUS 303 million 2023 Total assetsUS 5 54 billion 2023 Total equityUS 1 69 billion 2023 Number of employeesc 25 000 2023 Websitesaic wbr comFootnotes referencesFinancials as of February 3 2023 update References 3 4 5 6 Contents 1 History 2 Operations 3 CityTime payroll scandal 4 People 5 References 6 External linksHistory editThe original SAIC was created in 1969 by J Robert Beyster Then on September 27 2013 it spun off a 4 billion unit which retained its name 8 while the parent company changed its name to Leidos This was due to organizational conflict of interest concerns by their main customer the US defense department The business units were separated into elements focused on 1 direct support and technical advice to government organizations the SAIC portion and 2 capability development Leidos Following the split Anthony J Moraco was appointed CEO of SAIC and John P Jumper was appointed CEO of Leidos 9 The primary motivation for the spinoff was the conflicts of interest provisions in the Federal Acquisition Regulation which prevented the company from bidding on some new contracts because of existing contracts 10 7 On May 4 2015 SAIC acquired Scitor Holdings Inc for 790 million to expand their presence in the intelligence industry through classified contracts cleared personnel and a robust security infrastructure 11 Scitor was previously owned by Leonard Green amp Partners L P a private equity firm 12 On September 10 2018 SAIC announced its acquisition of Engility a competitor in the U S government services contracting sector for a combined US 2 5 billion with the merger set to take place in January 2019 13 On February 6 2020 SAIC announced its acquisition of Unisys US Federal a competitor in the U S government services contracting sector for a combined US 1 2 billion In 2021 SAIC acquired Halfaker and Associates a Virginia based technology services company founded by veterans advocate Frances Dawn Halfaker 14 Operations editSAIC has adopted a matrix operating model in which different service lines collaborate to serve a given contract 7 CityTime payroll scandal editMain article CityTime payroll scandal In 2012 SAIC was ordered to pay 500 million to the City of New York for overbilling the city over a period of seven years on the CityTime contract 15 16 In 2014 Gerard Denault SAIC s CityTime program manager and his government contact were sentenced to 20 years in prison for fraud and bribery related to that contract 17 People editDeborah Lee James president of SAIC s technology and engineering sector was sworn in as Secretary of the Air Force on December 20 2013 after being appointed by President Barack Obama References edit SAIC Donna Morea SAIC SAIC Nazzic S Keene SAIC SAIC Fiscal 2023 Annual Report Form 10 K U S Securities and Exchange Commission April 3 2023 Aitoro Jill R September 27 2013 What to expect from Leidos and SAIC when they start trading Sept 30 Washington Business Journal Retrieved September 29 2013 Aitoro Jill R September 27 2013 Exclusive John Jumper explains why the Leidos SAIC split had to happen Washington Business Journal Retrieved September 26 2013 www saic com Retrieved September 29 2013 a b c One year later The tale of SAIC and Leidos The Washington Post Retrieved September 29 2016 Jayakumar Amrita September 27 2014 One year later The tale of SAIC and Leidos The Washington Post Retrieved October 1 2014 The Washington Post The Washington Post Retrieved September 29 2016 Riekenberg Philip September 17 2013 SAIC A Profitable Solution To A Conflict Of Interest Retrieved September 29 2016 SAIC Completes Acquisition of Scitor SAIC investors saic com Retrieved September 29 2016 Leonard Green amp Partners Past Investments leonardgreen com Retrieved September 29 2016 SAIC to buy rival government services contractor Engility for 1 5 billion Reuters Reuters September 10 2018 SAIC to pay 250M for health solutions company Washington Technology June 3 2021 Retrieved November 28 2023 Paul McDougall March 15 2012 SAIC Pays 500 Million In Record Settlement With NYC InformationWeek Retrieved September 25 2013 Grynbaum Michael M March 15 2012 Contractor Strikes 500 Million Deal in City Payroll Scandal The New York Times ISSN 0362 4331 Retrieved May 11 2021 Weiser Benjamin April 28 2014 Three Contractors Sentenced to 20 Years in CityTime Corruption Case The New York Times External links editOfficial website nbsp Business data for Science Applications International Corporation Inc BloombergGoogleReutersSEC filingsYahoo nbsp This United States corporation or company article is a stub You can help Wikipedia by expanding it vte Retrieved from https en wikipedia org w index php title Science Applications International Corporation amp oldid 1219598536, wikipedia, wiki, book, books, library,
