Science Applications International Corporation (SAIC - Snapshot Report) , 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 - Analyst Report) , Infosys Ltd. (INFY - Analyst Report) and Fair Isaac Corporation (FICO - Snapshot Report) , all of which sport a Zacks Rank #2 (Buy).