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Company to Provide Supply Chain Management of Military Land and Aircraft Tires
MCLEAN, Va., Dec. 5, 2011 /PRNewswire via COMTEX/ -- Science Applications International Corporation (SAIC) (NYSE: SAI) announced today it was awarded a prime contract by the Defense Logistics Agency (DLA) to provide supply chain management of land and aircraft tires used by the U.S. Armed Services and Foreign Military Sales (FMS) customers. The single-award indefinite-delivery/indefinite-quantity (IDIQ) contract has a five-year base period of performance, one two-year option, and an estimated contract value of more than $1 billion if the option is exercised.
DLA provides supplies to the military services and supports the acquisition of equipment parts and other needed materiel, and is an integral part of the nation's military defense. DLA's Tire Successor Initiative (TSI) allows the government to benefit from the latest commercial supply chain management technologies and business practices for improved customer support at the lowest possible cost. Under the contract, SAIC will provide supply chain management services , including forecasting, procurement, inventory management, and worldwide distribution of military aircraft and ground tires directly to DoD and FMS end-users. The TSI program responsibilities also include managing the Air Force's tire life cycle cost program and the supply of aircraft tire retreads, scrap pick-up, recycling and disposal.
"We look forward to continuing to provide DLA with high-performance supply chain management solutions that result in outstanding fill rates and logistics response times, highly satisfied customers, and a low cost of ownership," said Glenn San Giacomo, SAIC senior vice president and business unit general manager.
About SAIC SAIC is a FORTUNE 500® 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 & environment, health and cybersecurity. The company's approximately 41,000 employees serve 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. Headquartered in McLean, Va., SAIC had annual revenues of approximately $11 billion for its fiscal year ended January 31, 2011. For more information, visit saic.com. SAIC: From Science to Solutions®
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, 2011, 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.