Science Applications International Corp. / SAI
Software engineers Charlie Ragusa, left, and Todd Littlejohn prepare to execute a mine clearing mission during a live, virtual, and constructive simulation-based training exercise. (Photo: Courtesy of company.)
About Science Applications International Corp.
10260 Campus Point Dr., San Diego, Calif. 92121
www.saic.com
| 858-826-6000
| Founded: 1969
Industry: Information Technology | Category: Top Companies Headquartered Outside Region
SAIC made news in 2005 by announcing its intention to go public. In a September filing, the company said it would aim to raise $1.7 billion in an initial public offering that was initially scheduled for early this year.
But that has been delayed by factors that include continuing troubles on a security contract for the 2004 Olympic Games in Athens. SAIC reported a loss of $115 million on the contract as of the end of October. In December, the company postponed a stockholders' meeting to approve the public offering.
Chief executive Ken Dahlberg told employees in a recent memo that the company was now planning for an IPO in the fall. An SAIC spokeswoman said recently that it is in a "quiet period" and could not comment further on the IPO.
The public offering is expected to help SAIC reach a goal set by Dahlberg to reach $12 billion in revenue by 2008.
It was an eventful year for the company in other ways as well. In March, it sold telecommunications subsidiary Telcordia Technologies Inc. And throughout the year, SAIC acquired several companies for a total of $233 million. The acquisitions included Imaps of Columbia, Ill., which provides geographic information systems to government and commercial customers, and Geo-Centers Inc., a Massachusetts-based firm that specializes in the detection of chemical and biological weapons. With the latter acquisition, SAIC doubled its employee count in Harford County to about 800.
In December, the company agreed to settle a lawsuit alleging that it defrauded the Air Force by padding its bills on $24 million in contracts. Under the agreement, SAIC will pay the government $2.5 million but will not acknowledge any wrongdoing.
Early in the year, the company took a verbal beating from FBI Director Robert S. Mueller, who blamed it for a failed $170 million effort to create a virtual case file system to track would-be terrorists. In a separate incident, computers containing the personal financial information of tens of thousands of past and present employees were stolen in a break-in at company headquarters.
Chairman and CEO: Kenneth C. Dahlberg
2007 Financial Data
Total employees: 43,554 | Local employees: 15,870Did You Know
SAIC is the nation's largest employee-owned research and engineering firm and provides a wide array of products and services to the government. The company's recent contracts include upgrading systems for the Illinois Tollway and providing bio-surveillance software for the Centers for Disease Control and Prevention and advanced flashlights to the military in Afghanistan and Iraq.
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