MCLEAN, Va., June 20, 2011 /PRNewswire/ -- Science Applications International Corporation (SAIC) (NYSE: SAI) announced today it was awarded a follow-on contract by the U.S. Army Medical Research and Materiel Command (USAMRMC) to provide scientific and other support services to the Congressionally Directed Medical Research Programs (CDMRP). The single award, indefinite-delivery/indefinite-quantity contract has a two year base period of performance, three one-year options, and a contract ceiling of more than $61 million if all options are exercised. Work will be performed primarily in Frederick, Md.
The CDMRP is a unique partnership among the U.S. Congress, the public, and the military to support untapped research opportunities to push science and medicine to the leading edge of innovation by finding and funding the best research. Under the contract, SAIC will continue to collaborate with the CDMRP and provide scientific and funding cycle support of these research efforts.
"We are pleased to continue our work assisting the CDMRP as it develops programs that enable health experts to conduct important research, potentially finding cures for diseases that impact all Americans," said Steve Comber, SAIC senior vice president and business unit general manager.
SAIC is a FORTUNE 500® scientific, engineering, and technology applications company that uses its deep domain knowledge to solve problems of vital importance to the nation and the world, in national security, energy and the environment, critical infrastructure, and health. The company's approximately 41,000 employees serve customers in the U.S. Department of Defense, the intelligence community, the U.S. Department of Homeland Security, other U.S. Government civil agencies and selected commercial markets. Headquartered in McLean, Va., SAIC had annual revenues of $11.1 billion for its fiscal year ended January 31, 2011. For more information, visit www.saic.com. SAIC: From Science to Solutions®
Statements in this announcement, other than historical data and information, constitute forward-looking statements that involve risks and uncertainties. A number of factors could cause our actual results, performance, achievements, or industry results to be very different from the results, performance, or achievements expressed or implied by such forward-looking statements. Some of these factors include, but are not limited to, the risk factors set forth in SAIC's Annual Report on Form 10-K for the period ended January 31, 2011, and other such filings that SAIC makes with the SEC from time to time. Due to such uncertainties and risks, readers are cautioned not to place undue reliance on such forward-looking statements, which speak only as of the date hereof.