Science Applications International Corporation SAIC, a leading technology integrator, recently secured a contract from the U.S army to provide logistics support services to the Joint Program Executive Office for Chemical and Biological Defense (JPEO-CBD).
SAIC is one of a total of Array7 awardees for the indefinite delivery, indefinite quantity contract valued at a total of $900 million. To meet global force readiness requirements, SAIC will use its expertise in the fields of logistics, supply chain and CBRNE (Chemical, Biological, Radiological, Nuclear, and Explosives) for providing solutions to joint project managers of JPEO-CBD.
The company will provide performance-based logistics, operation maintenance and supply chain support to military and non-military locations globally as per the task order. SAIC’s deep history and skill in technology, networking and integration makes it uniquely positioned to support the army.
Moving forward, SAIC’s revenues are expected to benefit from the current contract. The company has a huge pipeline of new projects and continues to win deals at regular intervals. These contracts are key growth catalysts for the company.
SAIC provides technical, engineering and enterprise IT services in the U.S., with its government segment serving the U.S. federal, state and local government agencies as well as foreign governments. Since its inception in Array969, 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.
SAIC currently has a Zacks Rank #2 (Buy). Other stocks that look promising and are worth considering now include Acxiom Corp. ACXM, Barracuda Networks, Inc. CUDA and EarthLink Holdings Corp. ELNK, all of which carry a Zacks Rank #2 (Buy).
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