[16], In 2012 SAIC was ordered to pay $550 million to the City of New York for overbilling the city over a period of seven years on the CityTime contract. [25], On September 27, 2013, SAIC changed its name to Leidos and spun off a new and independent $4 billion government services and information technology company which retained the Science Applications International Corporation name; Leidos is the direct successor to the original SAIC. Leidos merged with Lockheed Martin's IT sector in August 2016 for Information Systems & Global Solutions business to create the defense industry’s largest IT services provider. [2][3] Before the split, Leidos employed 39,600 employees and reported $11.17 billion in revenue and $525 million net income for its fiscal year ended January 31, 2013,[6] making it number 240[26] on the Fortune 500 list. [12] Scitor was previously owned by Leonard Green & Partners, L.P., a private equity firm. Other large contracts included a bid for information technology for the 2004 Olympics in Greece. [53][54], In June 2001, the Federal Bureau of Investigation (FBI) paid SAIC $122 million to create a Virtual Case File (VCF) software system to speed up the sharing of information among agents. 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. Techstars Starburst and SAIC Accelerate Innovation. The third CEO was Walt Havenstein, who pushed for tighter integration of the company's historically autonomous divisions, which led to lower profit and revenue. The strategy was reversed by the fourth CEO, retired Air Force general John P. Jumper, appointed in 2012. The Company Science Applications International Corporation (herein referred to as “SAIC,” the “Company,” “we,” “us,” or “our”) is a leading provider of technical, engineering and enterprise information technology (IT) services primarily to the U.S. government. [28], AMSEC LLC, a business partnership between SAIC and Northrop Grumman subsidiary Newport News Shipbuilding divested on July 13, 2007. 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. [56] "There were an average of 1.3 changes every day from the FBI, for a total of 399 changes during the period," Punaro said. After submitting your request, you will receive an activation email to the requested email address. He blamed the FBI for the initial problems, saying the agency had a parade of program managers and demanded too many design changes. SAIC (Science Applications International Corporation) is a provider of technical, engineering, and enterprise information technology services. “This is a significant step in our long-term strategy and commitment to serve … [19][20] The company spun off about a third of its business, forming an approximately $4 billion-per-year service company focused on government services, including systems engineering, technical assistance, financial analysis, and program office support. Robert Mueller, FBI Director, testified to a congressional committee, "When SAIC delivered the first product in December 2003 we immediately identified a number of deficiencies – 17 at the outset. [35] In May 2005, the company changed its external tagline from An Employee-Owned Company to From Science to Solutions. [14] The offering of 86,250,000 shares of common stock was priced at $15.00 per share. SAIC has adopted a matrix operating model in which different service lines collaborate to serve a given contract.[11][15]. "[55], In 2005, then-SAIC executive vice president Arnold L. Punaro claimed that the company had "fully conformed to the contract we have and gave the taxpayers real value for their money." [40] According to science news site PhysOrg.com, Trailblazer was a continuation of the earlier ThinThread program. Major projects during Beyster's tenure included work on radiation therapy for the Los Alamos National Laboratory; technical support and management assistance to the development of the cruise missile in the 1970s; the cleanups of the Three Mile Island Nuclear Generating Station after its major accident, and of the contaminated community of Love Canal; design and performance evaluation of the Stars & Stripes 87, the winning ship for the 1987 America's Cup; and the design of the first luggage inspection machine to pass new Federal Aviation Administration tests following the terrorist bombing of Pan American flight 103 over Lockerbie, Scotland. [44], During fiscal year 2012 (latest figure available), SAIC had more than doubled its business with the DoD to $5,988,489,000, and was the 4th-largest defense contractor on the annual list of the top 100. The original SAIC was created in 1969 by J. Robert Beyster. [57], In 2011–2012, then-SAIC was among the 8 top contributors to federal candidates, parties, and outside groups with $1,209,611 during the 2011–2012 election cycle according to information from the Federal Election Commission. Leidos, formerly known as Science Applications International Corporation (SAIC), is an American Defense, Aviation, Information Technology (Lockheed Martin IS&GS), and Biomedical Research company headquartered in Reston, Virginia, that provides scientific, engineering, systems integration, and technical services. In a heavily redacted report dated January 3, 2018, the Inspector General for the Department of Defense determined that a supervisor at Leidos made “inappropriate sexual and racial comments to” a female contractor, and that when she complained of a hostile work environment, Leidos retaliated by excluding her from further work on an additional contract. Read the story That soon cascaded to 50 or more and ultimately to 400 problems with that software ... We were indeed disappointed. [10][11], On May 4, 2015, SAIC acquired Scitor Holdings, Inc. for $790 million to expand their presence in the intelligence industry through classified contracts, cleared personnel, and a robust security infrastructure. [7][8] This shared ownership was accompanied by shared responsibility and freedom in business development, and allowed SAIC to attract and retain highly educated and motivated employees that helped the company to grow and diversify. [42], In fiscal year 2003, SAIC did more than $2.6 billion in business with the United States Department of Defense, making it the ninth-largest defense contractor in the United States. After Beyster's retirement in 2003, SAIC conducted an initial public offering of common stock on October 17, 2006. It recommended that U.S. Secretary of Defense Jim Mattis “consider appropriate action against Leidos” such as “compensatory damages, including back pay, employee benefits and other terms and conditions of employment” that the contractor would have received under the additional contract. In March 2001 SAIC defined the concept for the NSA Trailblazer Project. The company was founded by J. Robert "Bob" Beyster in 1969 in the La Jolla neighborhood of San Diego, California, as Science Applications Incorporated (SAI). Companies with an annual revenue of over US$3 billion, Science Applications International Corporation, United States Department of Homeland Security, Three Mile Island Nuclear Generating Station, Inspector General for the Department of Defense, Top 100 Contractors of the U.S. federal government, "Leidos Holdings, Inc. Reports Fourth Quarter and Fiscal Year 2017 Results", "What to expect from Leidos and SAIC when they start trading Sept. 30", "Exclusive: John Jumper explains why the Leidos-SAIC split had to happen", "SAIC, Inc.'s Board of Directors Approves Spin-Off of its Services Business", "Fiscal Year 2013 annual report on Form 10-K", "SAIC creator's book touts employee ownership", "SAIC founder J. Robert Beyster dies at age 90", SAIC - News & Media - "SAIC, Inc. [27] As of February 2019, the company has 32,000 employees. [13], 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.[14]. Capabilities for every challenge. [43], From 2001 to 2005, SAIC was the primary contractor for the FBI's unsuccessful Virtual Case File project. In 2002, NSA contracted SAIC for $280 million to produce a "technology demonstration platform"[clarification needed] for the agency's project, a "Digital Network Intelligence" system to analyze data carried on computer networks. The top candidate recipient was Barack Obama.[58]. Science Applications International Corporation (SAIC) is an American company headquartered in Reston, Virginia that provides government services and information technology support. Following the split, Anthony J. Moraco was appointed CEO of SAIC, and John P. Jumper was appointed CEO of Leidos. The Health Division focuses on optimizing medical enterprises, securing private medical data, and improving collection and data entry methods. Science Applications International Corporation (SAIC) is an American company headquartered in Reston, Virginia[7] that provides government services and information technology support. Other project participants included Boeing, Computer Sciences Corporation, and Booz Allen Hamilton. [13], Contrary to traditional business models, Beyster originally designed SAIC as an employee-owned company. [51]Leidos Cyber, Inc., formerly Lockheed Martin Industrial Defender, acquired by merging with Lockheed Martin IS&GS, was sold to Capgemini in 2018. The underwriters, Bear Stearns and Morgan Stanley, exercised overallotment options, resulting in 11.25 million shares. Science Applications International Corporation : Delaware: Subsidiaries of Science Applications International Corporation : Jurisdiction of Incorporation. Announces Closing of Initial Public Offering", "Long owned by employees, SAIC says it's going public", "SAIC Moves Corporate Headquarters to McLean, Virginia", "SAIC Pays $500 Million In Record Settlement With NYC", "CityTime head, accomplices sentenced to 20 years in prison", "SAIC to split into two public companies", "SAIC, Inc. (SAI) to Spin Off Services Business", "When SAIC splits, Jumper and Moraco will head companies", "SAIC to name technology business Leidos", "Leidos Headquarters To Be In Reston, VA", "Leidos Deal Closes, Spawning Vast Solutions Enterprise", "Leidos completes acquisition of Dynetics, expanding company's portfolio with new offerings and technical capabilities", "Leidos Discovers Its Business Model Adapts Surprisingly Well To Coronavirus", "Analysts say the coronavirus outbreak won't hurt the stock that Stifel calls 'The Terminator, "Leidos Announces Move to New Headquarters Facility in Reston Town Center", "Leidos to merge workforces into new headquarters space", "Boston Properties Reports Strong Leasing Activity Despite COVID-19", "SAIC team gets demonstration phase of Trailblazer", "NSA's New Boss Puts Faith In Hi Tech Fixes", "After Olympics contractors leave behind IT legacy", "Reveal CT-800 Baggage Inspection System", "R. W. Beck Is Now SAIC Energy, Environment & Infrastructure, LLC", "Science Applications International Corporation vs. Comptroller of the Treasury", "Leidos closes sale of commercial cyber business -", http://www.opensecrets.org/orgs/summary.php?id=D000000369a, "Lobbyists representing Leidos Inc, 2013", "FEDERAL BUREAU OF INVESTIGATION'S INFORMATION TECHNOLOGY MODERNIZATION PROGRAM, TRILOGY", "Robert S. Mueller, III, Director of FBI Appropriations Subcommittee on Commerce, Justice, State and the Judicial", "SAIC Says FBI Should Deploy its Software", "Leidos's Treatment of Female Whistle-Blower Gets Pentagon Review", Category:Information technology consulting firms, https://en.wikipedia.org/w/index.php?title=Leidos&oldid=982486941, Companies listed on the New York Stock Exchange, Engineering companies of the United States, Information technology consulting firms of the United States, International information technology consulting firms, Pages with non-numeric formatnum arguments, Short description is different from Wikidata, Wikipedia articles needing clarification from February 2014, Articles with unsourced statements from May 2008, Official website different in Wikidata and Wikipedia, Wikipedia articles with WorldCat identifiers, Creative Commons Attribution-ShareAlike License, This page was last edited on 8 October 2020, at 13:12.
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