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Inaugural board members include prominent business executives and former Defense Department leaders in technology, acquisition and finance
RESTON, Va., July 13, 2021--(BUSINESS WIRE)--Science Applications International Corp. (NYSE: SAIC) today announced the formation of a Strategic Advisory Board of experienced leaders who will bring comprehensive expertise from both industry and the public sector and provide advice and guidance to facilitate growth and innovation at SAIC.
The company also announced the appointment of the board’s first three members: David Norquist, former Department of Defense (DoD) deputy secretary and comptroller; Ellen Lord, former DoD undersecretary for acquisition and sustainment; and Dana Deasy, former DoD chief information officer. All three also bring industry experience, with Norquist having served as a partner with Kearney & Company, Lord formerly serving as the president and CEO of Textron Systems Corp., and Deasy having served as the CIO of JPMorgan Chase.
"We are thrilled to have the support of this team of experts to assist SAIC as we continue to innovate and adapt to the changing needs of our clients," said Nazzic Keene, SAIC’s CEO. "These leaders bring years of experience in both industry and the federal government, particularly the Department of Defense, where they focused on strategy, research and development, as well as acquisition. I am confident that they will challenge our thinking in new ways as we continue to strive to be the technology integrator of choice for our government customers."
"Having served in the Pentagon, I know the value that a company like SAIC can bring to solving national security challenges. I am enthusiastic to see how SAIC can leverage technologies like digital engineering and artificial intelligence in addressing those challenges," said Norquist.
The Strategic Advisory Board will advise company leaders on customer priorities, acquisition policy, potential disruptions in the environment, as well as possible new growth areas. In the future, the company may also invite other prominent thought leaders with experience in different sectors, such as health care and energy, while these three initial members form the core of the Strategic Advisory Board.
Deasy stated, "I am happy to help SAIC unlock its vast potential, especially with regard to how the company relates to its federal customers."
Similarly, Lord said, "SAIC is committed to working with government to solve the tough problems confronting our nation. I am excited to contribute to that effort as part of this advisory board."
SAIC® is a premier Fortune 500® technology integrator driving our nation’s technology transformation. Our robust portfolio of offerings across the defense, space, civilian, and intelligence markets includes secure high-end solutions in engineering, digital, artificial intelligence, 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 more than 26,000 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.
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.
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