SAIC Secures $249M Contract From US Navy
Portfolio Pulse from Akanksha Bakshi
Science Applications International Corp. (SAIC) has secured a $249 million IDIQ contract from the U.S. Navy to support the Naval Air Warfare Center Weapons Division's combat instrumentation platforms. SAIC will design and integrate systems, upgrade hardware and software, and provide field service support to over nine test locations.

May 23, 2023 | 1:29 pm
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SAIC has secured a $249 million contract from the U.S. Navy, which will likely have a positive impact on its stock price.
SAIC has secured a significant contract from the U.S. Navy, which will likely lead to increased revenues and a positive impact on its stock price. The contract involves supporting combat instrumentation platforms, upgrading hardware and software, and providing field service support to over nine test locations. This news is directly related to SAIC's core business and is expected to have a positive impact on its stock price in the short term.
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IMPORTANCE 80
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