SAIC Secures $249M Contract From US Navy

Science Applications International Corp. SAIC has secured an IDIQ contract with a $249 million ceiling from the U.S. Navy.
Under the contract, SAIC will continue supporting the Naval Air Warfare Center Weapons Division (NAWCWD)’s combat instrumentation platforms used for training and test evaluation ranges.
For the Combat Environment Instrumentation Systems (CEIS), SAIC will design and integrate the systems and upgrade or modify the hardware and software.
SAIC will also continue providing field service support to more than nine test locations within the Navy’s testing and evaluation domain.
Price Action: SAIC shares are trading higher by 0.75% at $99.21 on the last check Tuesday.