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SAIC - Science Applications International: No Security Clearance Needed To Buy Shares In DoD Supplier
SCIENCE APPLICATIONS INTERNATIONAL CORPORATION
Science Applications International (SAIC) provides engineering, technical, and enterprise IT solutions to the U.S. government. The company has over 25,000 employees, about half of which have security clearances (slide 5). That's because almost 50% of revenue comes from the Department of Defense ("DoD"), and several recent large-scale contract wins are exhibits #1 and #2 (see below). The company is significantly undervalued in comparison with the S&P 500, and could be a prime beneficiary of a rotation out of high-flying tech stocks into more boring undervalued companies.