SAIC Bags $150M US Transportation Command Enterprise IT Work Contract

Science Applications International Corp (NYSE: SAIC) has secured a contract from the United States Transportation Command (USTRANSCOM) to modernize IT management systems.
The single-award indefinite delivery, indefinite quantity (IDIQ) Managed Information Technology Services (MITS) contract has a value of approximately £150 million over five years.
Under the contract, SAIC will manage almost all enterprise IT services. The award is a follow-on contract to the Information Technology Service Management (ITSM) program.
Michael LaRouche, president of the National Security and Space Sector at SAIC, said, "We are thrilled to bring our best-in-industry enterprise IT expertise to USTRANSCOM's critical mission. This work will benefit USTRANSCOM and their delivery of responsive, global mobility at scale."
Price Action: SAIC shares are trading lower by 0.71% at £108.09 on the last check Thursday.
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