SAIC Awarded Contract by Defense Logistics Agency

Science Applications International Corporation (SAIC) (NYSE: SAI) announced today it was awarded a prime contract by the Defense Logistics Agency (DLA) to provide supply chain management of land and aircraft tires used by the U.S. Armed Services and Foreign Military Sales (FMS) customers. The single-award indefinite-delivery/indefinite-quantity (IDIQ) contract has a five-year base period of performance, one two-year option, and an estimated contract value of more than $1 billion if the option is exercised. DLA provides supplies to the military services and supports the acquisition of equipment parts and other needed materiel, and is an integral part of the nation's military defense. DLA's Tire Successor Initiative (TSI) allows the government to benefit from the latest commercial supply chain management technologies and business practices for improved customer support at the lowest possible cost. Under the contract, SAIC will provide supply chain management services , including forecasting, procurement, inventory management, and worldwide distribution of military aircraft and ground tires directly to DoD and FMS end-users. The TSI program responsibilities also include managing the Air Force's tire life cycle cost program and the supply of aircraft tire retreads, scrap pick-up, recycling and disposal. "We look forward to continuing to provide DLA with high-performance supply chain management solutions that result in outstanding fill rates and logistics response times, highly satisfied customers, and a low cost of ownership," said Glenn San Giacomo, SAIC senior vice president and business unit general manager.

Source: Science Applications International Corporation (SAIC) (NYSE: SAI)
Date: Dec 5, 2011