[prnewswire.com] Science Applications International Corporation (SAIC) (NYSE: SAI)
announced today that the Greek Government formally accepted the
Command, Control, Communications, Coordination, and Integration (C4I)
system designed to address public safety and security needs of the
Greek Police, Fire Brigade, Coast Guard and Ambulance Service. The
system was initially delivered in July 2004 in connection with the 2004 Summer Olympic Games in Athens.
SAIC has since enhanced the system, addressing Greek post-Olympic
security needs. With acceptance of the system, ownership and risk of
loss transfers to the Greek State, and SAIC becomes entitled to
financial consideration as specified in the contract.
"System acceptance is an important milestone in the implementation
of this state-of-the-art system, and properly recognizes the tremendous
efforts of the Greek State and SAIC to deliver an effective solution,"
said SAIC executive vice president and project director Donald H. Foley.
The C4I Contract has an aggregate contract value of approximately $322 million.
In addition to providing the C4I system, SAIC will provide integrated
logistics support of the system through 2013, and cellular network
services until 2014, under the C4I Contract.
SAIC is a FORTUNE 500(R) scientific, engineering, and technology
applications company that uses its deep domain knowledge to solve
problems of vital importance to the nation and the world, in national
security, energy and the environment, critical infrastructure, and
health. The company’s approximately 45,000 employees serve customers in
the Department of Defense, the intelligence community, the U.S.
Department of Homeland Security, other U.S. Government civil agencies
and selected commercial markets. SAIC had annual revenues of $8.9 billion for its fiscal year ended January 31, 2008. For more information, visit www.saic.com. SAIC: From Science to Solutions(R)
Statements in this announcement, other than historical data and
information, constitute forward-looking statements that involve risks
and uncertainties. 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 10-K for the period ended January 31, 2008, and
other such filings that SAIC makes with the SEC from time to time. 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.
5 AGGELOU PYRRI
ATHENS, GREECE 115 27