Science Applications International Corporation
|Traded as||NYSE: SAIC|
S&P 400 Component
|Industry||Information technology and engineering|
|Founded||1969 (original company)|
2013 (as a spin-off of Leidos, formerly SAIC)
|Edward Sanderson, Jr. (chairman)|
Anthony J. Moraco (chief executive officer)
|Revenue||US$4.5 billion (annual)|
Number of employees
|Footnotes / references|
The original SAIC was created in 1969 by J. Robert Beyster. Then on September 27, 2013, it spun off a $4 billion unit which retained its name, while the parent company changed its name to Leidos. Following the split, Anthony J. Moraco was appointed CEO of SAIC, and John P. Jumper was appointed CEO of Leidos. The primary motivation for the spinoff was the conflicts of interest provisions in the Federal Acquisition Regulation which prevented the company from bidding on some new contracts because of existing contracts.
On May 4, 2015, SAIC acquired Scitor Holdings, Inc. for $790 million to expand their presence in the intelligence industry through classified contracts, cleared personnel, and a robust security infrastructure. Scitor was previously owned by Leonard Green & Partners, L.P., a private equity firm.
On September 10, 2018, SAIC announced its acquisition of Engility, a competitor in the U.S. government services contracting sector, for a combined 2.5 billion USD with the merger set to take place in January 2019.
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- SAIC. "Anthony J. Moraco – SAIC".
- "Science Applications International". Fortune. Retrieved 2019-01-15.
- Aitoro, Jill R. (September 27, 2013). "What to expect from Leidos and SAIC when they start trading Sept. 30". Washington Business Journal. Retrieved September 29, 2013.
- Aitoro, Jill R. (September 27, 2013). "Exclusive: John Jumper explains why the Leidos-SAIC split had to happen". Washington Business Journal. Retrieved September 26, 2013.
- "www.saic.com". Retrieved September 29, 2013.
- SAIC. "Contact Us – SAIC".
- Jayakumar, Amrita (September 27, 2014). "One year later: The tale of SAIC and Leidos". The Washington Post. Retrieved October 1, 2014.
- "- The Washington Post". The Washington Post. Retrieved 29 September 2016.
- Riekenberg, Philip (September 17, 2013). "SAIC: A Profitable Solution To A Conflict Of Interest". Retrieved 29 September 2016.
- "One year later: The tale of SAIC and Leidos". The Washington Post. Retrieved 29 September 2016.
- "SAIC Completes Acquisition of Scitor | SAIC". investors.saic.com. Retrieved 29 September 2016.
- "Leonard Green & Partners – Past Investments". leonardgreen.com. Retrieved 29 September 2016.
- "SAIC " Simulation & Analysis". saic.com. Retrieved 29 September 2016.
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