Science Applications International Corporation, Inc. (SAIC) is an American technology company headquartered in
Reston, Virginia
Reston is a census-designated place in Fairfax County, Virginia, United States, and a principal city of both Northern Virginia and the Washington metropolitan area. As of the 2020 U.S. census, Reston's population was 63,226.
Founded in 1964, Rest ...
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,
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. 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.
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
Barack Hussein Obama II (born August 4, 1961) is an American politician who was the 44th president of the United States from 2009 to 2017. A member of the Democratic Party, he was the first African American president in American history. O ...
.
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. Scitor was previously owned by
Leonard Green & Partners, L.P., a
private equity firm.
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.
On February 6, 2020, SAIC announced its acquisition of
Unisys
Unisys Corporation is a global technology solutions company founded in 1986 and headquartered in Blue Bell, Pennsylvania. The company provides cloud, AI, digital workplace, logistics, and enterprise computing services.
History Founding
Unis ...
US Federal, a competitor in the U.S. government services contracting sector, for a combined US$1.2 billion.
In 2021, SAIC acquired Halfaker and Associates, a Virginia-based technology services company founded by veterans’ advocate
Frances Dawn Halfaker.
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. 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.
References
External links
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2013 establishments in Virginia
American companies established in 2013
Companies based in Reston, Virginia
Companies listed on the New York Stock Exchange
Corporate spin-offs
Defense companies of the United States
Engineering companies of the United States
Companies in the S&P 400
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