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Science Applications Receives $160 Million Navy Task Order

Posted on: Wed, 04 Nov 2009 04:03:00 EST

Symbols: SAI, SEAP

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Nov 04, 2009 (FinancialWire via COMTEX) --
SEAP | Quote | Chart | News | PowerRating -- (Comment on this article at http://www.financialwire.net/2009/11/04/science-applications-receives-160-million-navy-task-order/)

November 4, 2009 (FinancialWire) -- Science Applications International Corp. (NYSE: SAI | Quote | Chart | News | PowerRating) has been awarded a prime contract by the Naval Sea Systems Command to provide engineering support services. The task order has a one-year base period of performance, a one-year option, three one-year award terms, and a total value of more than $160 million if all options and awards are exercised.

Work will be performed primarily in Washington, D.C. The task order was awarded under the U.S. Navy's SeaPort-e contract.

McLean, Virginia-based Science Applications International is a scientific, engineering, and technology applications company that serves 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 various commercial markets.

FinancialWire(tm) is a fully independent, proprietary news wire service. FinancialWire(tm) is not a press release service, and receives no compensation for its news, opinions or distributions. Further disclosure is at the FinancialWire(tm) web site (http://www.financialwire.net/disclosures.php). Contact FinancialWire(tm) directly via inquiries@financialwire.net.

Free annual reports for companies mentioned in the news are available through the Free Annual Reports Service (http://investrend.ar.wilink.com/?level=279).

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