RESTON, Va.--(BUSINESS WIRE)--Science Applications International Corp. (NYSE: SAIC) announced today that it was named to the Fortune 500 list of America’s largest corporations by revenue for the first time since the company was spun off in 2013. With revenues of approximately $6.4 billion in fiscal year 2020, SAIC ranks number 466 on the list.
“In six short years, SAIC has transformed from a $4 billion spin-off company to an industry leader,” said SAIC CEO Nazzic Keene. “When SAIC began anew, we were presented with a unique opportunity to better serve our customers by delivering differentiated solutions and the best talent to our work with the federal government and other customers. Our 50-year heritage coupled with our drive to innovate and solve our nation’s most critical challenges has led to our success as a trusted and respected leader in technology integration and digital transformation for the U.S. government.”
The ranking reflects SAIC’s 37% revenue growth over the last year, driven by the company’s strategic focus on meeting the critical needs of customers resulting in major contracts with the U.S. Department of Defense, the intelligence community, federal civilian markets, as well state and local agencies. Last year’s revenues also increased due to the company’s disciplined merger and acquisition strategy, including SAIC’s acquisition of Engility, completed in early 2019, which contributed to an increase in national security and space contract awards. The company anticipates fiscal year 2021 revenues to grow further due to the recent acquisition of Unisys Federal.
“SAIC is driven by mission, inspirited by opportunity and united by purpose. Our continued growth enables us to increase investments in our customers, our people, and the next generation of state-of-the-art solutions,” Keene said.
In its 66th year, the Fortune 500 ranks U.S. companies by total revenues for their previous fiscal year. For the complete Fortune 500 list, visit http://fortune.com/fortune500.
About SAIC
SAIC® is a premier Fortune 500® technology integrator driving our nation’s digital transformation. Our robust portfolio of offerings across the defense, space, civilian, and intelligence markets includes secure high-end solutions in engineering, IT modernization, and mission solutions. Using our expertise and understanding of existing and emerging technologies, we integrate the best components from our own portfolio and our partner ecosystem to deliver innovative, effective, and efficient solutions that are critical to achieving our customers' missions.
