SAIC Announces Retirement of Jim Scanlon and Company Reorganization

The new structure will further sharpen SAIC’s focus on accelerating its business strategy and growth priorities

RESTON, Va.--(BUSINESS WIRE)--Science Applications International Corp. (NYSE: SAIC) announced the retirement of Jim Scanlon, executive vice president and general manager of the Defense Systems Group, at the end of SAIC’s fiscal year 2021, and a reorganization that will be effective October 31.


“For more than three decades, Jim has been an important leader in shaping the SAIC we all know today. We wish him the best and thank him for all he has done for our customers, our people and our company,” said SAIC CEO Nazzic Keene. “With Jim’s retirement, we reevaluated our organizational structure, as we always look to best align with our business strategy and growth priorities.”

Effective October 31, the start of its fiscal year fourth quarter, SAIC will operate with two major lines of business: Defense and Civilian led by Sector President Bob Genter, and National Security and Space led by Sector President Michael LaRouche. This structure will enable SAIC to accelerate strategic growth priorities in areas such as digital engineering, digital transformation, and space.

With a distinguished career at SAIC spanning over 30 years, Scanlon has played pivotal roles and made remarkable contributions to the company. He was an architect and leader in the design of the new company after the 2013 split and the successful transformation to a matrix business model. Scanlon will remain with the company until January 29 to support a smooth transition to the new organization structure.

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.

We are 25,500 strong; driven by mission, united by purpose, and inspired by opportunities. 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

Certain statements in this release contain or are based on “forward-looking” information within the meaning of the Private Securities Litigation Reform Act of 1995. In some cases, you can identify forward-looking statements by words such as “expects,” “intends,” “plans,” “anticipates,” “believes,” “estimates,” “guidance,” and similar words or phrases. Forward-looking statements in this release may include, among others, estimates of future revenues, operating income, earnings, earnings per share, charges, total contract value, backlog, outstanding shares and cash flows, as well as statements about future dividends, share repurchases and other capital deployment plans. Such statements are not guarantees of future performance and involve risk, uncertainties and assumptions, and actual results may differ materially from the guidance and other forward-looking statements made in this release as a result of various factors. Risks, uncertainties and assumptions that could cause or contribute to these material differences include those discussed in the “Risk Factors,” “Management’s Discussion and Analysis of Financial Condition and Results of Operations” and “Legal Proceedings” sections of our Annual Report on Form 10-K, as updated in any subsequent Quarterly Reports on Form 10-Q and other filings with the SEC, which may be viewed or obtained through the Investor Relations section of our website at saic.com or on the SEC’s website at sec.gov. Due to such risks, uncertainties and assumptions you are cautioned not to place undue reliance on such forward-looking statements, which speak only as of the date hereof. SAIC expressly disclaims any duty to update any forward-looking statement provided in this release to reflect subsequent events, actual results or changes in SAIC’s expectations. SAIC also disclaims any duty to comment upon or correct information that may be contained in reports published by investment analysts or others.


Contacts

Lauren Presti
703-676-8982
lauren.a.presti@saic.com