SAIC Awarded a Flurry of Defense Contracts - Analyst Blog
March 07 2014 - 4:00PM
Zacks
Science Applications
International Corporation (SAIC), a leading technology
integrator, recently got a boost in its dealings with the U.S.
federal government through two major contracts awarded by the Space
and Naval Warfare Systems Center within a span of a couple of
days.
SAIC won a contract from the Space and Naval Warfare Systems Center
Pacific in support of the Office of the Secretary of Defense to
provide systems engineering and technical support services for
Defense Readiness Reporting System (DRRS). Just two days prior to
this, the company had won a task order to provide a broad range of
support services for the Distributed Common Ground System – Marine
Corps (DCGS-MC) Integrated Project Team.
The DRRS Contract
SAIC will compete with three other awardees for the multiple-award,
cost-plus-fixed-fee contract, which has a three-year base period of
performance, two one-year options and a total potential contract
value of approximately $68 million for all awardees, assuming all
options are exercised. Work will be performed largely in McLean,
Va., San Diego, Calif. and government facilities in the Washington,
D.C. metropolitan area.
DRRS provides resources to manage and report the readiness of the
U.S. Department of Defense (DoD) and its subordinate components to
implement the national military strategy. The system is intended to
assist DoD combatant commanders, services and agencies with current
and projected warfare mission capability by providing detailed
readiness data from combatant and support commands.
Per the contract, SAIC will offer services and management support
for the DRRS and its modules, including systems engineering,
software design/development, system documentation, testing, systems
integration, training, installation, life-cycle maintenance,
procurement, and help-desk services. SAIC will also provide similar
services for systems that interface and exchange data with
DRRS.
The DCGS-MC Project
The single-award, cost-plus-fixed-fee task order was awarded under
the C5ISR (Command, Control, Communications, Computers, Combat
Systems, Intelligence, Surveillance, and Reconnaissance) System of
Systems Engineering and Integration (SoSEI) contract vehicle,
and comprised a one-year period of performance with a potential
contract value of over $13 million, assuming all the options are
exercised.
DCGS-MC connects intelligence, surveillance and reconnaissance
(ISR) systems to the U.S. Marine Corps analysts and other military
services, in order to provide the wherewithal for enterprise
search, collaboration, content discovery and workflow management.
Per the task order, SAIC will provide support to DCGS-MC's mission
to improve system capabilities and interoperability with other
services by enabling program management, production engineering,
technical data package development, integrated logistics and
testing. Work will be performed in Charleston, S.C.
SAIC provides technical, engineering and enterprise IT services in
the U.S., with its government segment serving the U.S. federal,
state and local government agencies as well as foreign governments.
The company is focused on harnessing its rich domain knowledge and
client relationships to facilitate the delivery of systems
engineering and integration services for comprehensive government
and commercial projects.
SAIC currently holds a Zacks Rank #3 (Hold). Some other stocks in
the industry that look promising and are worth a look include
Acxiom Corporation (ACXM), Infosys
Ltd. (INFY) and Fair Isaac Corporation
(FICO), all of which sport a Zacks Rank #2 (Buy).
ACXIOM CORP (ACXM): Free Stock Analysis Report
FAIR ISAAC INC (FICO): Free Stock Analysis Report
INFOSYS LTD (INFY): Free Stock Analysis Report
SCIENCE APP INT (SAIC): Free Stock Analysis Report
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