U.S. Navy Awards SAIC $1.1 Billion Torpedo Production Contract

Company will produce torpedo Afterbody Tailcones and Fuel Tanks

Science Applications International Corp. (NYSE: SAIC) has been awarded a $1.1 billion contract to produce, assemble, test and deliver the U.S. Navy’s MK 48 MOD 7 Torpedo Afterbody Tailcones (AB/TC) and MK29 Mod 0 Warshot Fuel Tanks. The AB/TC is the section of the torpedo containing propulsion and navigations systems, with 26 major sub-assemblies requiring the integration of greater than 500 pieces and parts in each.

“SAIC is proud of our expanded work on integration, production, assembly, test and delivery contracts that support the MK 48 heavyweight torpedo system for the U.S. Navy,” said Bob Genter, president of SAIC’s Defense and Civilian Sector. “We are confident that our proven performance on the MK 48 will continue to provide the Navy with the sea-dominance weapon it requires.”

SAIC has extensive history in supporting the Navy’s torpedo systems. This award builds on a previous contract from September 2016, which initiated production restart of the Afterbody Tailcone for the MK 48 Heavyweight Torpedo. In October 2020, SAIC was awarded a U.S. Navy contract for mission engineering and integration support to produce, test and deliver MK 29 Warshot and MK 28 Exercise Torpedo Fuel Tanks for the Naval Undersea Warfare Center Division Keyport. Additionally, in May 2020, the U.S. Navy awarded SAIC a contract for testing and data collection of MK 48 Heavyweight Torpedoes, and MK 54 and MK 46 Lightweight Torpedoes in support of the Naval Undersea Warfare Center Division Newport.

About SAIC

SAIC^® is a premier Fortune 500® technology integrator driving our nation’s technology transformation. Our robust portfolio of offerings across the defense, space, civilian and intelligence markets includes secure high-end solutions in engineering, digital, artificial intelligence 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.

We are more than 26,500 strong; driven by mission, united by purpose, and inspired by opportunities. SAIC is an Equal Opportunity Employer, fostering a culture of diversity, equity and inclusion, which is core to our values and important to attract and retain exceptional talent. Headquartered in Reston, Virginia, SAIC has pro forma annual revenues of approximately $7.1 billion.​​​​ For more information, visit saic.com. For ongoing news, please visit our newsroom.

Forward-Looking Statements

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