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Big Day at SAIC: a Contract Win, an Acquisition and a Financial Announcement

SAIC (NYSE: SAI) produced a torrent of news today, with a contract win, an acquisition and a financial announcement.

First, the firm won a task order from the Department of Homeland Security (DHS), Federal Emergency Management Agency (FEMA), National Exercise Division (NED) to design and support national level exercises to evaluate catastrophic earthquake preparedness.

According to the firm, “the task order has a five-month base period of performance, a single one-year option, and is valued at more than $12 million if the option is exercised. Work will be performed throughout the United States. The task order was awarded under the DHS National Exercise Program (NEP) contract.”

The company also announced its intention to acquire Reveal Imaging Technologies.  Based in Massachusetts, the firm specializes in threat detection products and services.

Reveal will become part of SAIC’s Security and Transportation Technology Business Unit, part of SAIC’s Infrastructure, Energy, Health and Product Solutions Group led by Joe Craver.

“We are pleased with the opportunity to welcome Reveal to SAIC’s homeland security solutions team,” Craver said. “This acquisition will provide us with technology to help build on our existing foundation of solution-focused products.”

Finally, SAIC announced it will issue its second quarter fiscal year 2011 earnings press release after close of market on September 1.

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