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SAIC Signs Agreement to Acquire bd Systems, Inc.
SAN DIEGO and MCLEAN, VA, August 1, 2006 -- Science
Applications International Corporation (SAIC) announced
today that it has signed a definitive agreement to acquire
bd Systems, Inc., a provider of aerospace engineering and
information technology (IT) services headquartered in
Torrance, Calif.
The acquisition, when completed, will complement SAIC’s
technical and operational presence within the space and IT
market and will enable bd Systems to better serve the
growing challenges facing its client community. The bd
Systems organization will become a subsidiary of SAIC, led
by bd Systems’ current Executive Vice President and Chief
Operating Officer Mike Smith.
“The men and women who make up bd Systems have worked hard
to build the reputation of our company in the aerospace
engineering and information technology field,” said Clarisa
Howard, bd president and chief executive officer. “The
acquisition is a strong testimony to their commitment and
passion for excellence. It will mean expanded capabilities
for our clients and growth opportunities for our employees.”
“This acquisition reflects SAIC’s commitment to the U.S.
government and the nation’s critical mission of space
superiority,” said Ken Dahlberg, SAIC chairman and chief
executive officer. “We look forward to welcoming bd Systems’
employees, who bring exceptional technical and management
depth, to the SAIC team.”
bd Systems employs more than 330 people supporting
government and commercial clients in more than 20 locations
throughout the U.S., including: Los Angeles, Calif.;
Colorado Springs, Colo.; Huntsville, Ala.; San Antonio,
Texas; Vandenberg AFB, Calif.; and Washington D.C. Their
core capabilities include systems engineering, enterprise
network management, aerospace engineering, logistics and
sustainment support, geographical information systems, and
acquisition support.
The transaction is expected to close in September 2006,
subject to customary closing conditions, including
expiration or termination of the waiting period under the
Hart-Scott-Rodino Antitrust Improvements Act. Terms of the
acquisition were not disclosed.
SAIC is the largest employee-owned research and engineering
company in the United States, with more than 43,000
employees in over 150 cities worldwide. For the fiscal year
ended January 31, 2006, the company reported annual revenues
of $7.8 billion. SAIC engineers and scientists solve complex
technical problems in national security, homeland security,
energy, the environment, space, telecommunications, health
care, and logistics. SAIC: FROM SCIENCE TO SOLUTIONS™
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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 the
Company's Annual Report on Form 10-K for the period ended
January 31, 2006, and such other filings that the Company
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: Ron Zollars, San
Diego 858/826-7896
Alison Williams, McLean 703/676-6762
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