Science Applications International Corp (NASDAQ: SAIC)

Science Applications International Corporation is a leading provider of technical engineering and mission and enterprise information technology services primarily to the United States government. The company focuses on large complex projects delivering higher end differentiated technology services and solutions that accelerate and transform secure and resilient digital environments through systems design development modernization integration and sustainment to drive enterprise and mission outcomes. Its end to end IT offerings span the entire spectrum of customer IT infrastructure. With a history exceeding fifty years the company serves all military forces including Army Air Force Navy Marines Coast Guard and Space Force as well as agencies such as the Department of War National Aeronautics and Space Administration Department of State Department of Justice Department of Homeland Security and members of the Intelligence Community. It operates through approximately one thousand seven hundred active contracts and task orders and employs roughly twenty three thousand personnel.

Science Applications International Corporation generates revenue by delivering a broad portfolio of services that include IT modernization digital engineering artificial intelligence mission systems support advisory training and simulation and ground vehicles support. These services are provided under various contract types such as cost reimbursement time and materials and firm fixed price agreements. The majority of its sales come from prime contracts with the United States government or subcontracts with other contractors working for the government. In fiscal years 2024 through 2026 approximately ninety eight percent of total revenue was attributable to United States government work with about fifty two percent coming from the Department of War forty six percent from Intelligence and other federal government agencies and the remainder from commercial state and local and international customers. The company’s revenue base is diversified across research and development operations and maintenance and other service lines.

The company operates through the following segments: Defense and Intelligence segment and Civilian segment.

• The Defense and Intelligence segment provides a diverse portfolio of national security solutions to the Department of War and the Intelligence Community of the United States government. Its offerings include IT modernization digital engineering artificial intelligence mission systems support advisory training simulation and ground vehicles support. The segment also focuses on specialized mission areas such as undersea dominance border of the future citizen experience all domain warfighting and next generation space. It delivers end to end services covering design development integration deployment management operations sustainment and security of the customer’s entire IT infrastructure.

• The Civilian segment supplies solutions to civilian markets encompassing federal state and local governments to support citizen well being border security and protection of lives. It integrates its services into public service missions that affect travel trade health and the economy. The segment’s capabilities span IT modernization digital engineering artificial intelligence mission systems support advisory training simulation and ground vehicles support. Like the Defense and Intelligence segment it provides end to end services that cover design development integration deployment management operations sustainment and security of the customer’s IT infrastructure.

Science Applications International Corporation holds a strong position as one of the largest pure play technology service providers to the United States government. Its principal competitors include the engineering and technical services divisions of major defense contractors such as General Dynamics Corporation Lockheed Martin Corporation Northrop Grumman Corporation and RTX Corporation. It also competes with dedicated government IT services firms like Booz Allen Hamilton Incorporated CACI International Incorporated Leidos Holdings Incorporated ManTech International Corporation Parsons Corporation Peraton and Serco Group plc. Additionally diversified commercial providers that offer government IT services such as Accenture plc AECOM Amentum Holdings Incorporated Deloitte and International Business Machines Corporation are part of the competitive landscape. The company’s advantages stem from enduring customer relationships and a mission oriented culture its full life cycle offerings significant scale and diversified contract base a technically skilled workforce led by experienced management and its use of repeatable methodologies and certified processes including ISO 9001 ISO IEC 27001 AS9100D certifications and CMMI DEV Maturity Level 3 accreditation. The Innovation Factory further enhances its ability to develop and deliver emerging technology solutions quickly.

The company’s customer base consists primarily of United States government entities. Specific customers named in the filing include the Department of War the Intelligence Community the National Aeronautics and Space Administration the Department of State the Department of Justice the Department of Homeland Security and the individual military branches Army Air Force Navy Marines Coast Guard and Space Force. Revenue data shows that about fifty two percent of sales come from the Department of War forty six percent from Intelligence and other federal government agencies and the remaining portion from commercial state local and international clients. This concentration underscores the company’s reliance on long term contracts with federal agencies and its deep expertise in serving mission critical needs across defense intelligence and civilian markets.