SAIC employee analyzes the activity of cancer genes using DNA microarrays.

Growth of the Company: FY 2008

SAIC had annual revenues of $8.9 billion for its fiscal year ended January 31, 2008.


Fiscal Year 2008

SAIC continued to win significant work with new and long-term clients across the U.S. federal government. Highlights of our FY 2008 contract wins include contracts to:

Contract wins with commercial firms included contracts to:

  • Provide global network managed services through a follow-on contract to INEOS, a manufacturer of petrochemicals, specialty chemicals and oil products.

  • Deliver a broad range of IT outsourcing services to Alyeska Pipeline Service Company.

SAIC acquired two companies in FY 2008. Scicom Technologies Private Limited is an India-based provider of onsite and offshore IT solutions and technology consulting in the science and engineering sector. Benham Investment Holdings, LLC is a consulting, engineering and architectual design company with specific competencies in industrial manufacturing and facilities construction.

The company announced an initiative to collaborate on service-oriented architecture (SOA) interoperability standards for the energy market. It also expanded its commitment to finding solutions for complex energy and climate challenges. SAIC was licensed by the National Oceanographic and Atmospheric Agency (NOAA) to build Deep-ocean Assessment and Reporting of Tsunami (DART™) systems to provide early warning detection of tsunamis. The company delivered the first tsunami detection buoy to Australia's Bureau of Meteorology. The company also completed a project for the U.S. Department of State, managing the disposal of 2,900 tons of obsolete and dangerous surplus munitions in the Republic of Albania.

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 Small Business Administration presented SAIC with the Dwight D. Eisenhower Award for Excellence in the research and development category, recognizing its commitment to using small businesses as subcontractors and suppliers. The White House Initiative for Historically Black Colleges and Universities (HBCUs) recognized the company for its outstanding work in providing subcontracting opportunities to the nation's HBCUs. SAIC also received the 2007 Women Impacting Public Policy Corporate Mentorship Award.

Related Information: SAIC Announces Financial Results for Fourth Quarter and Fiscal Year 2008.