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Science Applications International Corporation

Science Applications International Corporation, Inc. (SAIC) is an American technology company headquartered in Reston, Virginia that provides government services and information technology support.

History

20th century

The original SAIC was created in 1969 by J. Robert Beyster. Then on September 27, 2013, it spun off a $4 billion unit which retained its name,[7] while the parent company changed its name to Leidos. The business units were separated into elements focused on 1) direct support and technical advice to government organizations (the SAIC portion), and 2) capability development (Leidos). Following the split, Anthony J. Moraco was appointed CEO of SAIC, and John P. Jumper was appointed CEO of Leidos.[8] The primary motivation for the spinoff was the conflicts of interest provisions in the Federal Acquisition Regulation which prevented the company from bidding on some new contracts because of existing contracts.[9][10]

21st century

Deborah Lee James, president of SAIC's technology and engineering sector, was sworn in as Secretary of the Air Force on December 20, 2013, after being appointed by President Barack Obama.

On May 4, 2015, SAIC acquired Scitor Holdings, Inc. for $790 million to expand its presence in the intelligence industry through classified contracts, cleared personnel, and a robust security infrastructure.[11] Scitor was previously owned by Leonard Green & Partners, L.P., a private equity firm.[12]

On September 10, 2018, SAIC announced its acquisition of Engility, a competitor in the U.S. government services contracting sector, for a combined US$2.5 billion with the merger set to take place in January 2019.[13]

On February 6, 2020, SAIC announced its acquisition of Unisys US Federal, a competitor in the U.S. government services contracting sector, for a combined US$1.2 billion.[14][15]

In 2021, SAIC acquired Halfaker and Associates, a Virginia-based technology services company founded by veterans’ advocate Frances Dawn Halfaker.[16]

CityTime payroll scandal

In 2012 SAIC was ordered to pay $500 million to the City of New York for overbilling the city over a period of seven years on the CityTime contract.[17][18] In 2014 Gerard Denault, SAIC's CityTime program manager, and his government contact were sentenced to 20 years in prison for fraud and bribery related to that contract.[19]

See also

  • Espionage
  • Counterespionage

External links

References

  1. SAIC. Donna Morea – SAIC^
  2. Cal Biesecker. SAIC Names Reagan As New CEO – SAIC^
  3. SAIC Fiscal 2023 Annual Report (Form 10-K) U.S. Securities and Exchange Commission, 3 April 2023^
  4. Jill R. Aitoro. What to expect from Leidos and SAIC when they start trading Sept. 30 Washington Business Journal, September 27, 2013, retrieved September 29, 2013^
  5. Jill R. Aitoro. Exclusive: John Jumper explains why the Leidos-SAIC split had to happen Washington Business Journal, September 27, 2013, retrieved September 26, 2013^
  6. www.saic.com retrieved September 29, 2013^
  7. Amrita Jayakumar. One year later: The tale of SAIC and Leidos The Washington Post, September 27, 2014, retrieved October 1, 2014^
  8. SAIC'S journey after the split The Washington Post, 28 September 2014, retrieved 29 September 2016^
  9. Philip Riekenberg. SAIC: A Profitable Solution To A Conflict Of Interest September 17, 2013, retrieved 29 September 2016^
  10. One year later: The tale of SAIC and Leidos The Washington Post, retrieved 29 September 2016^
  11. SAIC Completes Acquisition of Scitor investors.saic.com, retrieved 29 September 2016^
  12. Past Investments Leonard Green & Partners, retrieved 29 September 2016^
  13. SAIC to buy rival government services contractor Engility for $1.5 billion Reuters, September 10, 2018^
  14. SAIC will acquire Unisys Federal for $1.2 billion WTOP News, 2020-02-06, retrieved 2025-03-11^
  15. Joe Warminsky. SAIC adds to IT modernization portfolio with $1.2B acquisition of Unisys Federal FedScoop, 2020-02-06, retrieved 2025-03-11^
  16. SAIC to pay $250M for health solutions company Washington Technology, 2021-06-03, retrieved 2023-11-28^
  17. Paul McDougall. SAIC Pays $500 Million In Record Settlement With NYC InformationWeek, March 15, 2012, retrieved September 25, 2013^
  18. Michael M. Grynbaum. Contractor Strikes $500 Million Deal in City Payroll Scandal The New York Times, 2012-03-15, retrieved 2021-05-11^
  19. Benjamin Weiser. Three Contractors Sentenced to 20 Years in CityTime Corruption Case The New York Times, 28 April 2014^