Technology integrator Science Applications International Corp. announced it has been named to the Fortune 500 list of America’s largest corporations by revenue for the first time since the company was spun off in 2013.
With revenues of approximately $6.4 billion and 37% revenue growth in fiscal year 2020, SAIC ranks number 466 on the list.
In just six years, SAIC has gone from a $4 billion spinoff to an industry leader, CEO Nazzic Keene said.
“When SAIC began anew, we were presented with a unique opportunity to better serve our customers by delivering differentiated solutions and the best talent to our work with the federal government and other customers,” she said. “Our 50-year heritage coupled with our drive to innovate and solve our nation’s most critical challenges has led to our success as a trusted and respected leader in technology integration and digital transformation for the U.S. government.”
The ranking reflects the company’s strategic focus on meeting the critical needs of customers resulting in major contracts with the Defense Department, the intelligence community, federal civilian markets, as well state and local agencies.
Last year’s revenues also increased because of the company’s merger and acquisition strategy, including SAIC’s purchase of Engility, completed in early 2019, which contributed to an increase in national security and space contract awards. The company anticipates fiscal year 2021 revenues to grow further because of the recent acquisition of Unisys Federal.
“SAIC is driven by mission, inspired by opportunity and united by purpose,” Keene said. “Our continued growth enables us to increase investments in our customers, our people, and the next generation of state-of-the-art solutions.”