SAIC Awarded $112.3M Contract Modification
Written by Emily J. Thompson, Senior Investment Analyst
Updated: May 21 2026
0mins
SAIC was awarded a $112.3M firm-fixed-price, cost-plus-fixed-fee, and cost-only modification to previously awarded contract to exercise options for the production, spares, production support material, engineering support, and hardware repair of components for MK 48 Heavyweight Torpedo All Up Round. This modification is in support of the MK 48 MOD 7 Heavyweight Torpedo program. This contract combines purchases to support the Navy and the Royal Australian Navy, under the Foreign Military Sales program. Work is expected to be completed by April 2029. The Naval Sea Systems Command is the contracting activity.
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Analyst Views on SAIC
Wall Street analysts forecast SAIC stock price to rise
6 Analyst Rating
2 Buy
4 Hold
0 Sell
Moderate Buy
Current: 103.700
Low
113.00
Averages
122.00
High
128.00
Current: 103.700
Low
113.00
Averages
122.00
High
128.00
About SAIC
Science Applications International Corporation is a technology integrator providing full life cycle services and solutions in the technical, engineering and enterprise information technology (IT) markets. The Company's portfolio of offerings across the defense, space, civilian and intelligence markets include secure solutions in mission IT, enterprise IT, engineering services and professional services. It integrates emerging technology securely into mission critical operations that modernize and enable critical national imperatives, including IT modernization, digital engineering, artificial intelligence and ground vehicle support. Its segments include Defense and Intelligence, and Civilian. Defense and Intelligence segment provides a diverse portfolio of national security solutions to the Department of Defense and Intelligence Community of the United States Government. Civilian segment provides solutions to the civilian markets, encompassing federal, state, and local governments.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Revenue Expectations: The anticipated revenue for Q1 is $1.82 billion, representing a 3.2% year-over-year decline, which suggests that the company faces challenges in revenue growth that may affect investor confidence in future performance.
- Historical Performance: Over the past two years, Science Applications has beaten EPS and revenue estimates 75% of the time, which enhances market confidence in its financial health and may attract more investor interest.
- Estimate Revision Dynamics: In the last three months, EPS estimates have seen four upward revisions and two downward adjustments, while revenue estimates experienced two upward revisions and three downward adjustments, indicating mixed market sentiment regarding the company's future performance, warranting close attention to the upcoming earnings report.
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- Yield Attractiveness: The forward yield of 1.43% from this dividend provides relative appeal in the current market environment, potentially attracting income-seeking investors and further enhancing the stock's attractiveness.
- Payment Schedule: The dividend is payable on July 24, with a record date of July 10 and an ex-dividend date also on July 10, ensuring shareholders receive timely returns and reinforcing their willingness to hold shares.
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See More
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- Innovative Features Showcase: CEO William Li highlighted several advanced features of the ES9 at the launch event, including smart safety systems and an in-car water boiler, aimed at enhancing passenger experience and increasing brand appeal, especially in the premium market.
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See More
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- Clear Customer Composition: The contract is funded 99% by the U.S. Navy and 1% by the Royal Australian Navy, highlighting SAIC's potential for expansion in the international defense market, particularly in collaboration with the U.S.
- Diverse Funding Sources: The funding for this contract includes $94.8 million from FY25, $12.8 million from FY26, $1.9 million from FY24 Navy funds, and $918K from foreign partners, showcasing the company's success in diversifying its funding sources.
- Project Completion Timeline: The work is expected to be completed by April 2029, reflecting SAIC's stability in long-term contracts and ongoing business growth potential.
See More
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- Conference Call Details: Following the earnings release, SAIC's executive management will hold a conference call at 10:00 a.m. EDT to discuss financial results and provide insights, enhancing transparency and investor confidence in the company's performance.
- Webcast Access: The conference call will be webcast live through the Investor Relations section of SAIC's website, allowing public access and demonstrating the company's commitment to information sharing and stakeholder engagement.
- Company Background: Headquartered in Reston, Virginia, SAIC generates approximately $7.3 billion in annual revenue and employs around 23,000 people, focusing on defense, space, and intelligence markets, showcasing its strong competitive position and technological integration capabilities.
See More
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See More
