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SAIC Expands Innovation Factory Presence to Include the University of Massachusetts

SAIC becomes the lead partner and founding member of the University of Massachusetts Lowell Research Institute Northstar Campus — A technology incubator focused on critical issues facing the U.S. Air Force and other military branches

Science Applications International Corp. (NYSE: SAIC), has entered into a strategic partnership with the University of Massachusetts Lowell (UML) Research Institute to become the lead partner with the university in the development of the Northstar Campus near Hanscom Air Force Base. The partnership expands SAIC’s Innovation Factory presence to include a new geographic area in the northeast, leveraging the talent and creativity offered by one of the nation’s leading academic institutions.

SAIC’s Innovation Factory is a forward-thinking environment that equips teams with highly automated, cloud-hosted toolsets and DevSecOps practices to rapidly build, test, and deploy solutions that can be improved as customer mission needs evolve. Northstar Campus establishes an aerospace and defense ecosystem that supports initiatives in advanced technology development and innovation in support of national defense.

"Partnering with UMass Lowell opens doors for our professionals to seamlessly work beside the leading minds in academia and government to address emerging challenges in national defense," said Michael LaRouche, executive vice president and general manager of SAIC’s National Security Group. "The small business engagement and opportunities for innovation offer an exciting chance to spark new thinking and novel solutions for the Air Force and all of our customers."

"We are very excited to have SAIC as our Northstar Campus launch partner at the UMass Lowell Research Institute outside the gates of Hanscom Air Force Base. The defense industry experience that SAIC brings to the campus will be instrumental in strengthening the regional innovation ecosystem, developing the future defense industry workforce, and accelerating technologies that support our customers’ missions," said UMass Lowell Provost and Vice Chancellor for Academic Affairs, Dr. Joseph Hartman.

Northstar Campus serves as an economic development engine, providing an infrastructure platform and 19,000 square foot physical environment for public-private collaboration and business growth activities. The Campus will act as a spark for innovation—hosting pitch competitions, small business mentoring and networking events, and opportunities to partner on the DOD’s hyper-creative OTA R&D opportunities. These factor areas intersect with SAIC’s investments in IT modernization, engineering, and development.

SAIC’s Innovation Factory is located in Reston, Virginia; Catalyst Campus, Colorado Springs, Colorado; and the Capital Factory in Austin, Texas.

"Northstar Campus and SAIC’s investment in it are in direct response to demands from defense customers for flexible, focused, next generation solutions," said Josh Jackson, executive vice president and general manager of SAIC’s Solutions and Technology Group. "The Campus joins SAIC’s expanding map of Innovation Factory locations. These geo-targeted incubators give us access to unparalleled concentrations of talent pools focused on key technology areas."

About SAIC

SAIC® is a premier technology integrator solving our nation’s most complex modernization and readiness challenges. Our robust portfolio of offerings across the defense, space, civilian, and intelligence markets includes high-end solutions in engineering, IT, 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.

We are 23,000 strong; driven by mission, united by purpose, and inspired by opportunities. Headquartered in Reston, Virginia, SAIC has pro forma annual revenues of approximately $6.5 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 www.saic.com or on the SEC’s website at www.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/20200305005884/en/

Contacts

Lauren Presti
703-676-8982
lauren.a.presti@saic.com