U.S. Markets closed

SAIC Wins New Contract

Zacks Equity Research

SAIC, Inc (SAI) recently procured a prime contract worth $495 million from the Joint Program Executive Office for Chemical and Biological Defense (JPEO-CBD). SAIC will be providing program, engineering, medical, and technical support services under the multiple-award indefinite-delivery/indefinite-quantity (ID/IQ) contract. The contract involves a broad spectrum, in which SAI will be working across and outside the domestic frontiers.

Through its technological expertise, SAIC aims to provide adequate support services to solve national security issues. With the services from SAIC, JPEO will be able to respond effectively to all critical war issues of the nation.

In Apr 2013, SAI also procured a contract worth $228 million from Sandia National Laboratories to provide information technology (IT) services to the Department of Energy (DoE). Back-to-back contract wins act as growth catalysts for the company.

Since its inception in 1969, SAIC has utilized its vast domain knowledge to solve critical problems of the country in areas such as national security, energy and the environment, critical infrastructure, and health. Headquartered in McLean, Va., the company presently has employee strength of approximately 40,000, serving customers in the U.S. Department of Defense, the intelligence community, the U.S. Department of Homeland Security, other U.S. Government civil agencies and selected commercial markets. The company also provides cyber security services and solutions to help customers respond to a range of cyber security threats.

SAI currently has a Zacks Rank #3 (Hold). Other stocks that look promising and are worth considering now are ICF International Inc (ICFI), MAXIMUS, lnc. (MMS) and Navigant Consulting Inc. (NCI), each carrying a Zacks Rank #2 (Buy).

Read the Full Research Report on NCI

Read the Full Research Report on SAI

Read the Full Research Report on MMS

Read the Full Research Report on ICFI

Zacks Investment Research

More From Zacks.com