) recently procured a prime contract worth $495 million from the
Joint Program Executive Office for Chemical and Biological
Defense (JPEO-CBD). SAIC will be providing program, engineering,
medical, and technical support services under the multiple-award
indefinite-delivery/indefinite-quantity (ID/IQ) contract. The
contract involves a broad spectrum, in which SAI will be working
across and outside the domestic frontiers.
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Through its technological expertise, SAIC aims to provide
adequate support services to solve national security issues. With
the services from SAIC, JPEO will be able to respond effectively
to all critical war issues of the nation.
In Apr 2013, SAI also procured a contract worth $228 million from
Sandia National Laboratories to provide information technology
(IT) services to the Department of Energy (DoE). Back-to-back
contract wins act as growth catalysts for the company.
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. Headquartered in McLean, Va., the
company presently has employee strength of approximately 40,000,
serving customers in the U.S. Department of Defense, the
intelligence community, the U.S. Department of Homeland Security,
other U.S. Government civil agencies and selected commercial
markets. The company also provides cyber security services and
solutions to help customers respond to a range of cyber security
SAI currently has a Zacks Rank #3 (Hold). Other stocks that look
promising and are worth considering now are
ICF International Inc
Navigant Consulting Inc
), each carrying a Zacks Rank #2 (Buy).