Growth of the Company: FY 2007
Revenues for the fiscal year ended January 31, 2007 (fiscal 2007), were $8.3 billion, reflecting growth over the prior year's revenue of 7 percent.
Fiscal Year 2007
SAIC, Inc. (NYSE: SAI) completed its Initial Public Offering of 86,250,000 shares of common stock in October 2006. Prior to the closing of the initial public offering, a reorganization merger made Science Applications International Corporation a wholly owned subsidiary of SAIC, Inc.
SAIC won two Nunn-Perry Awards for enhancing the capabilities and increasing the participation of protégé companies in government and commercial contracts under the Department of Defense Mentor-Protégé program. The Department of Justice recognized the company for its outstanding small business subcontracting performance.
SAIC won contracts for information technology (IT) support services for health care. The company's IT services also are being used to serve the Superior Court of one of the nation's largest counties. SAIC's noninvasive container inspection systems were contracted for use in the United States and other nations. The company unveiled a commercial buoy developed to provide early warning detection of tsunamis.
SAIC was awarded numerous large federal government contracts during fiscal year 2007.
A contract awarded to a team led by SAIC to continue to provide safety and mission assurance support services for the National Aeronautics and Space Administration's (NASA) Johnson Space Center.
A contract to a multinational team led by SAIC to support the integration of the North Atlantic Treaty Organization Active Layered Theater Ballistic Missile Defense.
A contract to an SAIC-led team to support U.S. Joint Forces Command's (USJFCOM) Joint Fires Integration and Interoperability Team, a subordinate command under USJFCOM, to assess current capabilities and develop recommendations to improve the conduct of joint fires.
A contract awarded to SAIC subsidiary AMSEC LLC to provide support to the U.S. Navy's Space and Naval Warfare Systems Center in Charleston, S.C., including installation of command, control, communications, computers, intelligence, surveillance and reconnaissance systems on ships, submarines and shore sites.
- A contract to work on the Defense Threat Reduction Agency Integrated Weapons of Mass Destruction Toolset Phase II to give users rapid access to chemical, biological, radiological, nuclear and explosive planning, emergency response and assessment capabilities.
SAIC majority-owned subsidiary ANX was sold in the third quarter of fiscal year 2007. Several strategic acquisitions also were made, enhancing SAIC capabilities in special warfare and intelligence, remote sensing, the fuels industry, aerospace engineering, geospatial data, ordnance, and joint doctrine development.
Related Information: SAIC Announces Financial Results for Fourth Quarter and Fiscal Year 2007.