) clinched a $202-million contract from the National Aeronautics
and Space Administration (NASA) to provide support services to
its Texas and New Mexico facilities.
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As per the indefinite-delivery/indefinite-quantity (ID/IQ)
contract, SAIC will provide safety and mission assurance
engineering support services to NASA's Johnson Space Center in
Houston, Texas, and the White Sands Test Facility near Las
Cruces, New Mexico. Additionally, SAIC will also provide safety,
reliability and risk management services in both the facilities.
Johnson space center primarily works on the development and
operation of human space exploration missions and is the main
NASA center for the International Space Station. On the other
hand, White Sands Test center facilitates safe testing and
evaluation of potentially hazardous materials and components..
Under the ID/IQ contract, SAIC will particularly provide
programmatic support for the current and future projects
performed by the facilities. The deal comes close on the heels of
a contract win from the U.S. Space and Naval Warfare Systems
Center (SSC) Atlantic earlier this month. Back-to-back contract
wins in most occasions are strong catalysts for any company.
Thus, SAIC is also expected to benefit from these continuous
contract wins, which are likely to augment the company's revenues
in the near term. SAIC reported annual revenues of $2.71 billion
for fiscal year ended May 3, 2013.
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.
SAIC currently has a Zacks Rank #3 (Hold). Other stocks that look
promising and are worth considering now include
Providence Service Corp
), with Zacks Rank #1 (Strong Buy),
Booz Allen Hamilton Holding Corporation
), both carrying a Zacks Rank #2 (Buy).