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Science Applications International Corp (SAIC) RSS Feed

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Created
10/13/06
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About SAIC SAIC is a leading provider of scientific, engineering, systems integration and technical services and solutions to all branches of the U.S. military, agencies of the Department of Defense, the intelligence community, the U.S. Department of Homeland Security and other U.S. Government civil agencies, as well as to customers in selected commercial markets.SAIC bills itself as the largest employee-owned research and engineering company in the U.S., with more than 43,000 employees in more than 150 cities worldwide.The company has managed to turn a profit every year since it was established. It has more than 43,000 employees, earned $927 million on revenue of $7.79 billion in its fiscal year ended Jan. 31. The company spent $2.4 billion in the last five years to purchase stock from employees, who can buy and sell shares once every three months at a price determined by a company auditor. Services & Products We are a leading provider of scientific, engineering, systems integration and technical services and solutions to all branches of the U.S. military, agencies of the U.S. Department of Defense (DoD), the intelligence community, the U.S. Department of Homeland Security (DHS) and other U.S. Government civil agencies, as well as to customers in selected commercial markets. Our customers seek our domain expertise to solve complex technical challenges requiring innovative solutions for mission-critical functions in such areas as national security, intelligence and homeland defense. Increasing demand for our services and solutions is driven by priorities including the ongoing global war on terror and the transformation of the U.S. military. Our Government segment provides a wide array of technical services and solutions, primarily to U.S. federal, state and local government agencies and foreign governments. Our Commercial segment provides technology-driven consulting, systems integration and outsourcing services and solutions in selected commercial markets. List of Services and Products Offered by SAI: Consulting Services Data Mining & Data Warehousing Distributed Enterprise Management eSolutions Financial Services Homeland Security Imagery Information Technology Knowledge Management Outsourcing Physical and Cyber Security Software Development Systems Integration & Program Management Training Wireless Products Aviation/Unmanned Vehicles Computer Hardware Safety & Security Simulation Software Transportation Federal Contract Vehicles GSA Schedules View All Contracts Frequently Asked Questions Small Business Development Program Industries We Serve Criminal Justice Energy Environment Financial Services Health Care Life Sciences Maritime National Security Space Telecommunications Transportation Research and Development Biopharmaceutical and Medical Research Modeling and Simulation Robotics Signal Processing Space Technology Other Innovative Solutions Licensing Opportunities Communication Energy & Environment Financial Services Health Care & Biomedical Government & Security Information Technologies Supply Chain & Project Management October 13, 2006: NEW YORK (MarketWatch) -- Employee-owned science and engineering firm SAIC rallied 19% in its stock market debut Friday as investors snapped up shares of the $8 billion science and engineering firm. Only the third IPO of the year to break the billion dollar barrier, SAIC has been riding Wall Street interest in its role in the healthy U.S. defense and strategic planning sectors. SAIC (SAI) SAI, first crossed the tape as a public company on the New York Stock Exchange at a price of $17 a share, comfortably above its $15-a-share price. The stock picked up steam in the open market, rising 95 cents to $17.95 in morning trades on heavy volume of 16 million shares. The company raised more than $1.1 billion by selling 75 million shares with lead underwriters Morgan Stanley (MS : MS) SAIC bills itself as the largest employee-owned research and engineering company in the U.S., with more than 43,000 employees in more than 150 cities worldwide. The company has managed to turn a profit every year since it was established. It has more than 43,000 employees, earned $927 million on revenue of $7.79 billion in its fiscal year ended Jan. 31. The company spent $2.4 billion in the last five years to purchase stock from employees, who can buy and sell shares once every three months at a price determined by a company auditor. Those employees are getting a big payday in the IPO through a special dividend totaling $2.45 billion. SAIC, which stands for Science Applications International Corporation, is joining a rare class of billion dollar IPOs, including MasterCard (MA : MA) For the 2005, SAIC reported revenue of $7.8 billion and net income of $927 million, compared with revenue of $7.2 billion and net income of $409 million a year earlier. Kenneth C. Dahlberg, 61, has been chief executive officer of the company since 2003, after working at Raytheon and General Dynamics. The company traces its roots to 1969, when physicist J. Robert Beyster founded the firm after working at Los Alamos National Laboratory in the 1950s. "Beyster was not interested in attracting those looking to 'get rich quick'," SAIC said on its Web site. "As the company was first set up, it was decided that the employees would own it, and that the ownership would be based on a person's contribution to the company. As Beyster began interviewing applicants, he made a point of explaining this unique ownership arrangement." WEBSITE:http://www.saic.com/
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