SAIC - SAIC bags $99M U.S. Air Force contract

The U.S. Air Force has awarded a $99M/five-year IDIQ contract to Science Applications International (NYSE:SAIC). The company will continue work developing simulation technology to help the U.S. Air Force assess high-end, next-generation weapon system concepts. SAIC will help the U.S. Air Force Research Laboratory develop multi-spectral and multi-modal phenomenology modeling capabilities, advance the state-of-the-art of software/hardware-in-the-loop test technology, and perform a critical role in the research, development and transition of Air Force munitions. The Weapon Engagement Simulation Technology for Advanced Research (WESTAR) program, within the Air Force Research Laboratory, develops modeling capabilities to assist in the development of Air Force weapon systems. Previously (Dec. 06): Science Applications EPS beats by $0.39, beats on revenue; raises full year guidance

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SAIC bags $99M U.S. Air Force contract