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Science Applications International Corp

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BUSINESS
October 14, 2006 | From the Associated Press
Shares of San Diego-based defense services contractor SAIC added more than 21% on Friday in the company's trading debut. SAIC, one of the nation's largest employee-owned companies, priced its 75-million-share initial public offering at $15 a share, for a total value of $1.125 billion. Its underwriters, Morgan Stanley and Bear Stearns Cos., have the option to buy an additional 11.25 million shares. The stock, listed on the New York Stock Exchange under the symbol SAI, closed at $18.
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BUSINESS
September 11, 1998
Science Applications International Corp. and Britain's Rolls-Royce said they plan to form a 50-50 joint venture to provide information technology services to aerospace companies. Rolls-Royce is the world's second-largest aircraft engine maker after General Electric Co., while San Diego-based SAIC is a closely held provider of information technology. The new company, which will employ 350 and be based in Virginia, will design products to improve efficiency of aerospace manufacturing equipment.
BUSINESS
August 16, 2006 | From Bloomberg News
The Pentagon's second-costliest aerospace program, which is being managed by Boeing Co. and San Diego-based Science Applications International Corp., passed its most important milestone this year and can move into its next phase of development, Army officials said Tuesday. After several days of intense review by the Army, Boeing and Defense Department officials showed that the key technologies for the Future Combat Systems were on track, Maj. Gen.
BUSINESS
February 15, 1999 | KAREN KAPLAN
Science Applications International Corp. cashed in on the Internet last week to the tune of nearly $780 million. The San Diego-based company sold nearly 4.6 million shares of domain name registrar Network Solutions at a share price of $170 in the Herndon, Va.-based firm's secondary offering. SAIC bought Network Solutions in 1995, and last week's sale reduced its stake in the company from 72% to 45%, said Network Solutions spokesman Christopher Clough.
BUSINESS
January 5, 1999 | Karen Kaplan
San Diego-based Science Applications International Corp. will reduce its stake in Network Solutions Inc. and become a minority owner of the Internet firm. SAIC intends to sell between 4.5 million and 5.2 million shares of Network Solutions, leaving it with about 45% of the Herndon, Va.-based company it purchased in 1995. As of April, SAIC--a closely held technology research company--held a 72.3% stake, according to its most recent proxy statement.
NEWS
November 17, 1988
Officials of the San Diego company that trains dolphins and sea lions for the Navy said a Navy spokesman was wrong when he announced that the company, Science Applications International Corp., had fired a trainer who publicly criticized the program. A spokesman for the Naval Ocean Systems Center said two weeks ago that the company had fired trainer Rick Trout for speaking to reporters about alleged mismanagement and animal abuse in the Navy's marine mammal program.
BUSINESS
January 3, 1997 | Times Staff and Wire Reports
San Diego-based Science Applications International Corp. said it has completed its agreement with Lockheed Martin Corp. to be the successor contractor of an existing $250-million National Aeronautics and Space Administration contract. . . . San Diego-based Safeskin Corp. said founder and co-Chairman Neil Braverman has resigned. . . . Los Gatos-based Metricom Inc.
BUSINESS
June 12, 1999 | From Bloomberg News
Boeing Co. agreed to sell its information services division to Science Applications International Corp., shedding a business it doesn't consider essential to focus on commercial aircraft sales. Terms of the deal weren't disclosed.
BUSINESS
June 8, 2005 | From Associated Press
San Diego-based Science Applications International Corp., an employee-owned firm that ranks as one of the nation's biggest defense contractors, is exploring going public. In a memo sent to SAIC's 42,000 employees Monday, Chief Executive Ken Dahlberg said the board and senior management were considering several options to raise money for possible acquisitions, including taking on additional debt, an initial public offering or a limited stock placement to private investors.
BUSINESS
June 8, 2005 | From Associated Press
San Diego-based Science Applications International Corp., an employee-owned firm that ranks as one of the nation's biggest defense contractors, is exploring going public. In a memo sent to SAIC's 42,000 employees Monday, Chief Executive Ken Dahlberg said the board and senior management were considering several options to raise money for possible acquisitions, including taking on additional debt, an initial public offering or a limited stock placement to private investors.
BUSINESS
December 11, 2003 | From Times Staff and Wire Services
Boeing Co. and Science Applications International Corp. led a group of defense contractors who received an eight-year, $14.7-billion contract from the Army to manage the design, development and early production of a new family of armored vehicles and drones, the Pentagon said Wednesday.
CALIFORNIA | LOCAL
June 21, 2000 | DAVID REYES, TIMES STAFF WRITER
The list of competing firms for the county's 10-year, $300-million data-processing contract was trimmed Tuesday to three companies that will enter negotiations with the county, which is expected to make a final selection in October. With the county's overall bidding process already under scrutiny, Board of Supervisors Chairman Chuck Smith reminded county staff that supervisors wanted a "squeaky-clean" bidding process and few, if any, problems.
CALIFORNIA | LOCAL
June 18, 2000 | DAVID REYES, TIMES STAFF WRITER
Lockheed Martin won the highest ranking in the battle for a potential $300 million data-processing county contract that also could heat up a war of words among lobbyists, including a former supervisor and the mayor of Anaheim. On Tuesday, county supervisors are expected to approve three competing companies to enter negotiations for the huge contract, including Lockheed Martin IMS, San Diego-based Science Applications International Corp.
BUSINESS
June 12, 1999 | From Bloomberg News
Boeing Co. agreed to sell its information services division to Science Applications International Corp., shedding a business it doesn't consider essential to focus on commercial aircraft sales. Terms of the deal weren't disclosed.
BUSINESS
February 15, 1999 | KAREN KAPLAN
Science Applications International Corp. cashed in on the Internet last week to the tune of nearly $780 million. The San Diego-based company sold nearly 4.6 million shares of domain name registrar Network Solutions at a share price of $170 in the Herndon, Va.-based firm's secondary offering. SAIC bought Network Solutions in 1995, and last week's sale reduced its stake in the company from 72% to 45%, said Network Solutions spokesman Christopher Clough.
NEWS
February 16, 1994 | From a Times Staff Writer
Military investigators raided the offices of defense contractor Science Applications International Corp. in San Diego on Tuesday to investigate alleged fraud in the Army's Comanche helicopter program. More than two dozen agents of the Defense Criminal Investigative Service, an arm of the U.S. Defense Department, and the U.S. Air Force Office of Special Investigations entered the SAIC complex at about 10 a.m. Tuesday and carted away dozens of boxes of documents.
CALIFORNIA | LOCAL
June 17, 1992 | ALAN ABRAHAMSON, TIMES STAFF WRITER
A Del Mar woman passed over for promotion and then fired from La Jolla-based Science Applications International Corp. won $3.1 million Tuesday in court, the largest award ever issued by a San Diego County jury in a sex discrimination suit. Bernice Stanfill, 48, who in 16 years with the company worked her way up from secretary to corporate vice president, was passed over for promotion in favor of one man, then another a few years later.
BUSINESS
January 5, 1999 | Karen Kaplan
San Diego-based Science Applications International Corp. will reduce its stake in Network Solutions Inc. and become a minority owner of the Internet firm. SAIC intends to sell between 4.5 million and 5.2 million shares of Network Solutions, leaving it with about 45% of the Herndon, Va.-based company it purchased in 1995. As of April, SAIC--a closely held technology research company--held a 72.3% stake, according to its most recent proxy statement.
BUSINESS
September 11, 1998
Science Applications International Corp. and Britain's Rolls-Royce said they plan to form a 50-50 joint venture to provide information technology services to aerospace companies. Rolls-Royce is the world's second-largest aircraft engine maker after General Electric Co., while San Diego-based SAIC is a closely held provider of information technology. The new company, which will employ 350 and be based in Virginia, will design products to improve efficiency of aerospace manufacturing equipment.
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