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SAIC Awarded $19 Million Contract to Support Air Force F-16 Aircraft Structural Integrity Program
Oct 13, 2010 (04:10 PM EDT)
Company to Provide Innovative Engineering and Software System Support to Help Effectively Manage, Maintain and Enhance F-16 Mission Capability
MCLEAN, Va., Oct. 13 /PRNewswire/ -- Science Applications International Corporation (SAIC) (NYSE: SAI) announced today it was awarded a prime contract by the General Services Administration (GSA) Region 8 to provide engineering and software system services in support of the U.S. Air Force F-16 Aircraft Structural Integrity Program (ASIP). The contract has a one year base period of performance, four one-year options and a total value of more than $19 million, if all options are exercised. Work will be performed primarily at Tinker Air Force Base (AFB), Okla., and Hill AFB and Layton, Utah.
The F-16 ASIP supports more than 1,100 aircraft by providing engineering services that are innovative, timely and cost effective. Under the contract, SAIC will continue to design, develop and enhance tools for the ASIP community, helping them conduct day-to-day decision making, as well as long term fleet planning and force management. SAIC will also gather data on the structural integrity of aircraft from different sources, and combine it into a single software tool used to help assess fleet health, forecast structural problems, and manage costs related to F-16 structural issues.
"The ASIP program is growing rapidly due to the F-16 fleet nearing original retirement dates, and the need to fly them beyond their design life," said Glenn San Giacomo, SAIC senior vice president and business unit general manager. "We look forward to helping address this challenge by providing innovative software tools, systems engineering processes, and structural engineering analysis that will provide insight on fleet wide aircraft condition, and help develop strategies necessary to effectively manage, maintain and enhance F-16 mission capability."
SAIC is a FORTUNE 500® scientific, engineering, and technology applications company that uses its deep domain knowledge to solve problems of vital importance to the nation and the world, in national security, energy and the environment, critical infrastructure, and health. The company's approximately 45,000 employees serve 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. Headquartered in McLean, Va., SAIC had annual revenues of $10.8 billion for its fiscal year ended January 31, 2010. For more information, visit www.saic.com. SAIC: From Science to Solutions®
Statements in this announcement, other than historical data and information, constitute forward-looking statements that involve risks and uncertainties. A number of factors could cause our actual results, performance, achievements, or industry results to be very different from the results, performance, or achievements expressed or implied by such forward-looking statements. Some of these factors include, but are not limited to, the risk factors set forth in SAIC's Annual Report on Form 10-K for the period ended January 31, 2010, and other such filings that SAIC makes with the SEC from time to time. Due to such uncertainties and risks, readers are cautioned not to place undue reliance on such forward-looking statements, which speak only as of the date hereof.