Company to apply the survivability upgrade to additional vehicles as
part of the Low Rate Initial Production (LRIP) phase
RESTON, Va. -- (Business Wire)
The U.S. Marine Corps Program Executive Officer Land Systems (PEO LS)
approved the Assault Amphibious Vehicle (AAV) Survivability Upgrade (SU)
program to enter into the Production and Deployment Phase following a
Milestone C decision. As a part of the decision Science Applications
International Corp. (NYSE: SAIC) was awarded an initial Low Rate Initial
Production (LRIP) option to provide the Marine Corps additional AAV SU
vehicles. As part of the LRIP decision, SAIC will deliver a total of 25
vehicles over a two-year period for operational test and evaluation and
initial fielding to USMC expeditionary units.
“SAIC is pleased to be moving into the LRIP phase for the AAV SU program
and to begin delivering these important survivability and mobility
enhancements out into the fleet and into the hands of our Marines,” said
Tom Watson, SAIC senior vice president and general manager of the Navy
and Marine Corps Customer Group.
These vehicles are in addition to 10 AAV SUs prototypes that were
delivered during the engineering and manufacturing development (EMD)
phase. During the EMD phase, SAIC’s AAV SUs completed rigorous
development testing required by the USMC.
Under the contract, SAIC is required to upgrade personnel-variant (P7)
vehicles and command and control-variant (C7) vehicles as part of an
engineering design effort. SAIC received orders for 22 AAV SU P7 variant
vehicles and three C7 variant vehicles. The LRIP phase is valued at
approximately $145 million, if all options are exercised.
About SAIC
SAIC is a premier technology integrator providing full life cycle
services and solutions in the technical, engineering, intelligence, and
enterprise information technology markets. SAIC is Redefining Ingenuity
through its deep customer and domain knowledge to enable the delivery of
systems engineering and integration offerings for large, complex
projects. SAIC’s more than 15,000 employees are driven by integrity and
mission focus to serve customers in the U.S. federal government.
Headquartered in Reston, Virginia, SAIC has annual revenues of
approximately $4.5 billion. For more information, visit saic.com. For
ongoing news, please visit our newsroom.
Certain statements in this announcement constitute forward-looking
statements within the meaning of the Private Securities Litigation
Reform Act of 1995. These statements involve risks and uncertainties and
a number of factors could cause our actual results, performance,
achievements, or industry results to be very different from the results,
performance, or achievements expressed or implied by such
forward-looking statements. Some of these factors include, but are not
limited to, the risk factors set forth in SAIC's Annual Report on Form
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time, which may be viewed or obtained through the Investor Relations
section of our web site at www.saic.com.
Due to such uncertainties and risks, readers are cautioned not to place
undue reliance on such forward-looking statements, which speak only as
of the date hereof.
View source version on businesswire.com: http://www.businesswire.com/news/home/20170919006488/en/
Contacts:
SAIC Media Contact:
Lauren Presti, 703-676-8982
lauren.a.presti@saic.com
Source: Science Applications International Corp.
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