Company’s expansion in Huntsville accelerates modernization initiatives for SAIC’s Department of Defense and federal government agency customers
Science Applications International Corp. (NYSE: SAIC) announced today plans to add a new Innovation Factory Hub in Huntsville, Alabama, the company’s second largest single location, expanding its presence and support to local customers. This marks the latest expansion of SAIC’s Innovation Factory network where the Department of Defense (DOD) and other federal government agencies can evaluate new technologies and accelerate delivery of new and modernized systems.
SAIC’s Innovation Factory is a nationwide network of physical and virtual environments using a highly automated, cloud-hosted toolset; agile practices; and DevSecOps production chains to rapidly build, test, and deploy first iterations of solutions quickly and then enhance them quickly through close customer collaboration. Innovation Factory hubs connect SAIC’s innovators and toolsets, startups/tech companies, and the customer.
The Huntsville Innovation Factory Hub will be seamlessly integrated into SAIC’s existing Innovation Factory network and showcase uniquely-focused technologies enabling end-to-end analysis, experimentation and engineering focused on digital engineering with modeling and simulation and rapid prototyping capabilities.
"As we have witnessed during the COVID-19 pandemic, the requirement for true digital transformation has never been greater. This expansion to SAIC’s longstanding presence in Huntsville with a new Innovation Factory Hub allows us to support emerging needs, while also leveraging our solutions and company-wide expertise – developed over four decades supporting local customers," said Jim Scanlon, SAIC executive vice president and general manager of the Defense Systems Group. "With all sectors rapidly implementing technology to meet and conduct business virtually, our new Innovation Factory Hub will enable our Huntsville-area customers to accelerate solutions to meet their mission requirements."
With more than 2,800 employees, Huntsville represents SAIC’s largest single location outside of its Reston headquarters and the National Capital Region. SAIC employees and leaders in Huntsville can leverage cloud-based technologies within the Innovation Factory immediately, while facility renovations are underway. In addition to supporting local customers, the Huntsville Innovation Factory Hub will advance innovation for the entire community and be able – on Day 1 – to integrate solutions from SAIC’s local small and large business partners.
"The Huntsville Innovation Factory Hub is focused on driving Defense modernization initiatives while addressing the technical challenges associated with DOD multi-domain operations and force modernization initiatives," said SAIC Chief Technology Officer Charles Onstott. "Our researchers and engineers will leverage digital engineering and agile software development to enable the DOD to rapidly explore and implement innovative technologies, such as big data analytics, artificial intelligence, augmented and virtual reality, and modeling and simulation, focused on improving mission outcomes."
The Huntsville Innovation Factory Hub will open in a phased approach. Phase 1 is an immediate fielding of Innovation Factory cloud-based process and tools focused on app and IT modernization, and teams will use existing conference spaces until hub spaces are ready. Follow-on phases will leverage "workplace of the future" renovations in SAIC’s Odyssey Drive facility, and incorporate digital engineering, data analytics and modeling and simulation cloud-based tools. Completion of hub spaces is targeted for Spring 2021.
The Innovation Factory relies on robust ecosystems of advanced technology partner companies, including startups and commercial partners, and federal government customers seeking new technologies.
Once completed, SAIC’s Huntsville Innovation Factory Hub will operate alongside SAIC’s Innovation Factories located in Reston, Virginia; Lowell, Massachusetts at the University of Massachusetts Lowell (UML) Research Institute; Los Angeles, California; and the Capital Factory in Austin, Texas.
About SAIC
SAIC® is a premier Fortune 500® technology integrator driving our nation’s digital transformation. Our robust portfolio of offerings across the defense, space, civilian, and intelligence markets includes secure high-end solutions in engineering, IT modernization, and mission solutions. Using our expertise and understanding of existing and emerging technologies, we integrate the best components from our own portfolio and our partner ecosystem to deliver innovative, effective, and efficient solutions that are critical to achieving our customers' missions.
We are 25,500 strong; driven by mission, united by purpose, and inspired by opportunities. Headquartered in Reston, Virginia, SAIC has pro forma annual revenues of approximately $7.1 billion. For more information, visit saic.com. For ongoing news, please visit our newsroom.
Forward-Looking Statements
Certain statements in this release contain or are based on "forward-looking" information within the meaning of the Private Securities Litigation Reform Act of 1995. In some cases, you can identify forward-looking statements by words such as "expects," "intends," "plans," "anticipates," "believes," "estimates," "guidance," and similar words or phrases. Forward-looking statements in this release may include, among others, estimates of future revenues, operating income, earnings, earnings per share, charges, total contract value, backlog, outstanding shares and cash flows, as well as statements about future dividends, share repurchases and other capital deployment plans. Such statements are not guarantees of future performance and involve risk, uncertainties and assumptions, and actual results may differ materially from the guidance and other forward-looking statements made in this release as a result of various factors. Risks, uncertainties and assumptions that could cause or contribute to these material differences include those discussed in the "Risk Factors," "Management’s Discussion and Analysis of Financial Condition and Results of Operations" and "Legal Proceedings" sections of our Annual Report on Form 10-K, as updated in any subsequent Quarterly Reports on Form 10-Q and other filings with the SEC, which may be viewed or obtained through the Investor Relations section of our website at saic.com or on the SEC’s website at sec.gov. Due to such risks, uncertainties and assumptions you are cautioned not to place undue reliance on such forward-looking statements, which speak only as of the date hereof. SAIC expressly disclaims any duty to update any forward-looking statement provided in this release to reflect subsequent events, actual results or changes in SAIC’s expectations. SAIC also disclaims any duty to comment upon or correct information that may be contained in reports published by investment analysts or others.
View source version on businesswire.com: https://www.businesswire.com/news/home/20200720005489/en/
Contacts
SAIC Media Contact:
Lauren Presti
703-676-8982
lauren.a.presti@saic.com
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SAIC Adds New Innovation Factory Hub in Huntsville, Alabama - Yahoo Finance
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