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CityTime was a New York City contract to build a timekeeping and payroll system for city employees, awarded to SAIC as a no-bid, $63 million contract in 2003. [1] In the following years, the contract ballooned to $700 million, as consultant rates were artificially inflated, and contract terms were adjusted to make the city responsible for "cost overruns".
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. [17]
The business of war, deterrence, and national security has long incorporated cutting-edge technology. Toni Townes-Whitley, the CEO of Science Applications International Corporation, or SAIC (), is ...
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 ...
SAIC is the prime contractor on the contract. About SAIC SAIC is a premier Fortune 500® technology integrator focused on advancing the power of technology and innovation to serve and protect our world. Our robust portfolio of offerings across the defense, space, civilian and intelligence markets includes secure high-end solutions in mission IT ...
SAIC (NYS: SAI) carries $2.0 billion of goodwill and other intangibles on its balance sheet. Sometimes goodwill, especially when it's excessive, can foreshadow problems down the road. Could this ...
NFL fans eager to watch the game have a few ways of doing so. Super Bowl LIX kicks off at 6:30 p.m. ET with Kevin Burkhardt doing play-by-play and Tom Brady as the color commentator in his first ...
Townes-Whitley is the CEO of Science Applications International Corporation (SAIC), a technology company based in Reston, Virginia. [3] SAIC specializes in providing engineering, digital, and artificial intelligence solutions primarily for government agencies, including national defense and space entities such as the United States Army, Navy, and Space Force, as well as various branches of the ...