Science Applications International Corporation
(as better known) recently secured a $100 million prime contract
from the Defense Threat Reduction Agency (DTRA). According to the
indefinite-delivery/indefinite-quantity (ID/IQ) contract, SAIC
will provide integrated logistics services including procurement,
shipping, warehousing, international travel support, and program
support for worldwide Cooperative Threat Reduction (CTR)
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DTRA is the U.S. Department of Defense's (DoD) official Combat
Support Agency for countering weapons of mass destruction (WMD).
It addresses the entire range of chemical, biological,
radiological, nuclear, and high-yield explosive threats. With a
talented team of skilled professionals, SAIC is likely to better
to support DTRA in its critical international mission.
SAIC has a large pipeline of new projects and continues to win
deals at regular intervals. The contract wins are key catalysts
that are likely to augment the company's revenues.
Recently, SAIC secured a prime contract from
LSB Industries, Inc
) for approximately $118 million to provide engineering,
procurement, and construction (EPC) services to construct ammonia
plant at an LSB subsidiary's site in El Dorado, Arkansas.
Since its inception in 1969, SAIC has utilized its vast domain
knowledge to solve critical problems of the country in areas such
as national security, energy and the environment, critical
infrastructure, and health. In the last reported quarter,
revenues of SAIC dropped to $2.47 billion from $2.83 billion in
the year-ago period. The decrease was due to ramp down of certain
contracts, drawdown of overseas U.S. military forces and
reduction of the U.S. Government budget.
SAIC currently has a Zacks Rank #3 (Hold). Other stocks that look
promising and are worth considering now include
Booz Allen Hamilton Holding Corporation
) with Zacks Rank #1 (Strong Buy) and
Providence Service Corp
), both carrying a Zacks Rank #2 (Buy).