Science Applications International Bags US Air Force Contract Worth $90M

Science Applications International Corp SAIC won a new contract with the U.S. Air Force Life Cycle and Management Center, Force Protection Division.
The company will assist the U.S. Department of Defense Combatant Commands in easing small crewless aircraft systems (sUAS) threats and protecting U.S. forces as per the contract.
The single-award contract is worth up to $90 million. It has a one-year base period of performance with three one-year options.
SAIC will provide a broad range of integrated logistics support and sustainment services to modernize defenses against the rapidly evolving threat of sUAS in the U.S., host nations, and global contingency locations.
SAIC will provide these services to several Combatant Commands, including Central Command, European Command, Indo-Pacific Command, Strategic Command., and the U.S. Space Force.
Price action: SAIC shares traded lower by 0.38% at $88.69 on the last check Tuesday.