Growth of the Company: FY 1989
Competition drove the professional services industry in Fiscal Year 1989. Changing markets and efforts to curtail government spending increased the need to keep a sharp competitive edge.
Fiscal Year 1989
SAIC answered this challenge by making quality its key strategic asset. The combination of motivated professionals, close customer support, and diverse scientific and technical skills, together with a commitment to quality, gave SAIC strong competitive advantages in a difficult environment.
The company demonstrated the first luggage inspection machine to pass FAA-conducted tests after the tragic bombing of Pan American flight 103
In his inaugural speech, President Bush emphasized that the country must stop the “scourge” of drug smuggling into the U.S. SAIC began answering this challenge with research and development initiatives
- The very successful Composite Health Care System (CHCS), developed for U.S. military hospitals worldwide, drew attention as a potential cost-saving option for commercial health-care providers
By The Numbers
Revenue: $865,106,000
Employees: 9,676
Net Income: $25,713,000
Earnings per Share: $.57