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Stock impact report

Department of Defense Awards SAIC Prime Position on $1.8B PRISM Contract [Yahoo! Finance]

Science Applications International Corporation (SAIC) 
Last science applications international corporation earnings: 3/26 04:10 pm Check Earnings Report
US:NYSE Investor Relations: investors.saic.com
Company Research Source: Yahoo! Finance
RESTON, Va., Dec. 16, 2024 (GLOBE NEWSWIRE) -- Science Applications International Corp. (NASDAQ: SAIC ) has been awarded a prime position on the $1.8 billion Personnel and Readiness Infrastructure Support Management (PRISM) Multiple Award Task Order Contract (“MATOC”) vehicle to support the Department of Defense (DoD) and its need to obtain critical services in a shorter time frame. The contract award is for one base year and four option years. The PRISM contract provides the Office of the Undersecretary of Defense for Personnel and Readiness (OUSD P&R) and strategic partners with innovative and cost-effective services through the use of Streamline Task Order Ordering Procedures (“STOOP”). These procedures result in a significant reduction in acquisition lead time and increased flexibility for the entire acquisition process. “Under the PRISM MATOC, SAIC aims to enhance the operational capabilities of the Office of the Under Secretary of Defense for Personnel & Readiness (OUSD P&R Show less Read more
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