Growth of the Company: FY 2001
Revenues for the Fiscal Year ended January 31, 2001 (Fiscal 2001) were $5.9 billion, reflecting growth over the prior year of 7 percent. As a result of the company's growth, SAIC now ranks #296 on the FORTUNE® 500 list of the largest U.S. companies.
Fiscal Year 2001
Our strong growth also has made us Business Week's #1 Private Info-Tech Company for the second year in a row and INPUT Government Services' #1 for federal IT security market share.
New commercial business during the first three quarters of the fiscal year included a major agreement with BP, one of the world's largest oil companies. Under the agreement, an SAIC-led team will support BP's North American application and host services.
During the fiscal year, BellSouth selected our Telcordia Technologies subsidiary as its preferred strategic partner for supplying operation support systems infrastructure. Telcordia also provided key software for Sprint's converged voice, video, and data communications network and CTC Communications' converged network.
Numerous large federal government contracts also were awarded to SAIC during fiscal year 2001.
The SAIC and Bechtel National team won a $3.1 billion contract to support the Department of Energy's civilian radioactive waste management program at Yucca Mountain in Nevada.
A team led by SAIC was selected as an awardee of a Defense Information Systems Agency contract to provide information assurance capabilities support worldwide for the Department of Defense and other federal agencies. The total ceiling value of the contract is $1.5 billion.
An SAIC team won an Army Aviation and Missile Command contract to provide advisory and assistance services and support battlefield system readiness under a contract with potential value of $1.25 billion over five years.
An SAIC team was selected to perform systems engineering and integration tasks under a $496 million, five-year contract from the Air Force Space and Missile Systems Center.
SAIC won a $200 million fixed-price contract to provide support to the Defense Logistics Agency.
- SAIC and its teammates won the Treasury Information Processing Support Services-2 contract, valued at up to $225 million, to provide information systems support to the Department of Treasury and all of its bureaus and services.
Looking to the future, our new, wholly owned subsidiary SAIC Venture Capital Corporation has been identifying and investing in emerging technologies strategic to our continued growth.