Engineering and technical services provider Science Applications International Corporation (SAIC - Free Report) recently received the One Acquisition Solution for Integrated Services (OASIS) contract for an undisclosed amount. The contract was awarded by the General Services Administration (GSA), an independent agency of the U.S. government to help manage and support the basic functioning of federal agencies.
The OASIS contract addresses the government's need for a hybrid, government-wide acquisition vehicle. It offers a streamlined solution for both commercial and non-commercial requirements for professional services. The contract helps to improve efficiency levels across all agencies and departments of the federal government by driving down costs and reducing duplication of contracting efforts with comprehensive, integrated contract options.
The indefinite-delivery/indefinite-quantity (ID/IQ) contract has a 5-year base period with one 5-year option. SAIC is one of the seven awardees that received the contract across the globe. The contract entails SAIC to provide a plethora of scientific, management consulting, logistics, financial, and technical support services.
Since its inception in 1969, SAIC has utilized its domain knowledge to solve critically important problems of the country in areas such as national security, energy and the environment, critical infrastructure, and health. The company presently has employee strength of approximately 13,000, serving customers in the U.S. government civil agencies and selected commercial markets.
SAIC registered annual revenues of approximately $4 billion for the fiscal year ended Jan 31, 2014. The company is scheduled to release its second-quarter fiscal 2015 results on Sep 9, 2014. The current Zacks Consensus Estimate for the second quarter is pegged at 69 cents.
SAIC currently has a Zacks Rank #3 (Hold). Other players in the industry worth mentioning include Amdocs Limited (DOX - Free Report) , Barracuda Networks, Inc. (CUDA - Free Report) and EarthLink Holdings Corp. , each carrying a Zacks Rank #2 (Buy).