Engineering and technical services provider
Science Applications International Corporation
) recently received the One Acquisition Solution for Integrated
Services (OASIS) contract for an undisclosed amount. The contract
was awarded by the General Services Administration (GSA), an
independent agency of the U.S. government to help manage and
support the basic functioning of federal agencies.
The OASIS contract addresses the government's need for a hybrid,
government-wide acquisition vehicle. It offers a streamlined
solution for both commercial and non-commercial requirements for
professional services. The contract helps to improve efficiency
levels across all agencies and departments of the federal
government by driving down costs and reducing duplication of
contracting efforts with comprehensive, integrated contract
The indefinite-delivery/indefinite-quantity (ID/IQ) contract has a
5-year base period with one 5-year option. SAIC is one of the seven
awardees that received the contract across the globe. The contract
entails SAIC to provide a plethora of scientific, management
consulting, logistics, financial, and technical support services.
Since its inception in 1969, SAIC has utilized its domain knowledge
to solve critically important problems of the country in areas such
as national security, energy and the environment, critical
infrastructure, and health. The company presently has employee
strength of approximately 13,000, serving customers in the U.S.
government civil agencies and selected commercial markets.
SAIC registered annual revenues of approximately $4 billion for the
fiscal year ended Jan 31, 2014. The company is scheduled to release
its second-quarter fiscal 2015 results on Sep 9, 2014. The current
Zacks Consensus Estimate for the second quarter is pegged at 69
SAIC currently has a Zacks Rank #3 (Hold). Other players in the
industry worth mentioning include Amdocs Limited (
), Barracuda Networks, Inc. (
) and EarthLink Holdings Corp. (
), each carrying a Zacks Rank #2 (Buy).
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