SAN DIEGO and MCLEAN, Va., April 21 /PRNewswire-FirstCall/ -- Science
Applications International Corporation (NYSE: SAI) announced today that it has
completed the acquisition of Icon Systems, Inc. (Icon), a recognized leader in
the design, development and production of state-of-the-art laser-based systems
and products for military training and testing. This acquisition strengthens
SAIC's position in the live training environment and enables the company to
provide a more comprehensive array of capabilities in this arena.
Headquartered in San Diego with more than 100 employees, Icon's
capabilities include expertise in Multiple Integrated Laser Engagement System
(MILES) and Tactical Engagement Simulation System (TESS) technologies for
individual combatant and platform live training.
Icon will function as an operation within SAIC's Analysis, Simulations,
Systems, Engineering and Training business unit, and will operate under the
continuing leadership of Himanshu Parikh, Icon's co-founder and chief
executive officer.
"This acquisition represents a significant step toward our goal to advance
our live training offerings," said Beverly Seay, SAIC senior vice president
and business unit general manager. "The need for this type of simulated
training will continue to grow across the military services because it is
critical to preparing the warfighter for success in combat. This is a solid
strategic move that gives us significant opportunities to help our customers
-- both national and international -- enhance warfighter readiness and
effectiveness."
About SAIC
SAIC is a FORTUNE 500(R) 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 and
the environment, critical infrastructure and health. The company's
approximately 44,000 employees serve customers in the Department of Defense,
the intelligence community, the U.S. Department of Homeland Security, other
U.S. Government civil agencies and selected commercial markets. SAIC had
annual revenues of $8.9 billion for its fiscal year ended January 31, 2008.
For more information, visit http://www.saic.com.
SAIC: From Science to Solutions(R)
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, 2008, 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.
Contact: Melissa Koskovich Laura Luke
703-676-6762 703-676-6533
koskovichm@saic.com laura.luke@saic.com
SOURCE SAIC