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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. [15] [16] 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.
However, Leidos is the legal successor of the original SAIC and retains SAIC's pre-2013 stock price and corporate filing history. [ 24 ] 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, [ 25 ] making it number 240 [ 26 ] on the ...
In 1969, Beyster raised money to start Science Applications, Inc. (SAI) by investing the proceeds from selling stock he had received from General Atomic, combined with funds raised from early employees of the company. [5] The company was renamed Science Applications International Corporation (SAIC) as it expanded its operations.
The ramp-up of new and existing contracts primarily drives Science Applications' (SAIC) revenues and earnings in the third quarter of fiscal 2023.
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Science Applications' (SAIC) first-quarter fiscal 2021 performance is likely to gain from new business wins and the Engility acquisition.
Engility is now part of SAIC. Engility, previously known as L-3 Services, Inc., became an independent publicly traded corporation in July 2012 as part of a spin-off transaction by L-3 Communications Corporation. At the time of the spin-off, the new company was estimated to have an annual revenue of $1.6 to $2 billion and employed about 9,000 to ...
Science Applications (SAIC) receives $200-million defense contract to provide indefinite delivery and indefinite quantity for laboratory operations and support to the Defense Intelligence Agency.