SAIC Acquires AETC Incorporated

(SAN DIEGO and MCLEAN, VA, Nov 08, 2006) -- Science Applications International Corporation [NYSE: SAI] announced today that it has completed the acquisition of AETC Incorporated, a San Diego-based firm providing remote sensing systems and services for the U.S. Department of Defense. The acquisition strengthens SAIC's capabilities as a lead system developer and integrator for next generation antisubmarine warfare systems and provides opportunities for growth in the areas of buried object detection and classification. AETC develops acoustic, non-acoustic, radar, and electromagnetic remote sensing techniques and systems for underwater, underground, and above-ground applications. The company also provides analytical support, physical modeling services, algorithm and processing system development, performance characterization, and system engineering support for a wide variety of sensing, detection, and decision-support systems. "AETC and SAIC have teamed up to address some of our customers' most difficult technical problems, and these collaborations have resulted in innovative approaches that have aided and directly influenced the programs involved," said Joseph Sabatini, former president and chief executive officer of AETC. "This acquisition will essentially create an ongoing collaboration among SAIC employees to benefit our customers." "AETC has a highly qualified workforce in basic physics, signal processing and systems engineering that complements SAIC's antisubmarine warfare sensor systems capabilities," said Peter Mikhalevsky, SAIC senior vice president and operations manager in the Research, Development, Test and Evaluation Group. "The acquisition also will expand our expertise in the unexploded ordnance and counter mine business areas." The company's 46 employees will transition into SAIC's Research, Development, Test and Evaluation Group. Terms of the acquisition agreement were not disclosed.

Source: Science Applications International Corporation
Date: Nov 9, 2006

More Science Applications International Corporation News