Wednesday, SAIC Inc. (SAI), a defense technology company announced that it has been awarded a blanket purchase agreement by the U.S. Army to support mine resistant ambush protected operations in Iraq, Afghanistan, Kuwait and at locations throughout the U.S. as required.
According to the company, the first task order under the blanket purchase agreement has a one-year base period of performance, one twelve-month option, and one six-month option, and is valued at more than $357 million if the options are exercised.
SAIC has supported MRAP (mine resistant ambush protected) operations for the past 17 months. Under the current contract, SAIC will provide planning, management, and analytical support to all levels of the MRAP JPO (Joint Program Office) team. The company will provide logistics services as well as services in support of JPOs oversight and management of original equipment manufacturers during activities associated with fielding, training, and sustainment operations. Additionally, SAIC will enable JPO MRAP to rapidly perform logistic engineering analysis and provide timely insight into fleet readiness and sustainment.
The company derives almost all its revenues from Government agencies. In fiscal 2009 ( year ended Jan 31, 2009), 95% of the company's revenue was from the Government.
SAI, which has been trading in the range of $15.94-$21.50 in the last twelve months, closed Tuesday's trading session at $18.37.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.