Financial News

SAIC Sets Company Record by Raising Over $385,000 During Hunger Action Month

By: 3BL Media

Company partners with Feeding America® to help provide nearly four million meals* to people in America experiencing food insecurity

SOURCE: Science Applications International Corp.

DESCRIPTION:

RESTON, Va., October 28, 2021 /3BL Media/ – Science Applications International Corp. (NYSE: SAIC) today announced the  company raised more than $385,000 to combat food insecurity in America during Hunger Action Month in  September – the equivalent of more than 3.8 million meals for those in need. 

Employees of SAIC contributed over $205,000 through a variety of fundraising activities and direct donations, with  the remainder of the total amount coming from company contributions. The total represents the most raised by the  company in the eight years it has partnered with Feeding America® to help provide meals to people in need, address  food waste, and raise awareness of the issue of hunger.  

Throughout the month, SAIC employees hosted and participated in events designed to raise money for Feeding  America while increasing awareness of hunger in their local communities. Employees volunteered at local food banks  and food pantries, including many that are members of the Feeding America network of 200 food banks and 60,000  food pantries and meal programs. Feeding America’s mission has taken on additional urgency this year due to the  COVID-19 pandemic, which has exacerbated hunger in America and around the world. According to the United  States Department of Agriculture, 38 million Americans – including nearly 12 million children – face hunger in  America. 

“Not only did SAIC’s employees set new records for financial contributions, teams of employees across the country  donated their time and energy to engage and give back to their communities,” said SAIC CEO Nazzic Keene. “Our  employees supported food outreach engagements in Huntsville, San Diego, Orlando, Oklahoma City and  Washington, DC, including fundraising virtual events, leadership engagement, and sponsorships for physical activities  like biking and running. Food insecurity in America continues to present difficult challenges across the country and  has been exacerbated by the pandemic. I am grateful to all of the SAIC employees who went the extra mile to help  people in need.” 

“Feeding America is grateful to SAIC and its generous employees for their commitment to fighting hunger,” said  Casey Marsh, Chief Development Officer at Feeding America. “We are grateful that SAIC helped provide a record breaking 3.8 million meals to our neighbors in need during the annual Hunger Action Month campaign.” 

For more information on SAIC’s support of Feeding America, visit https://www.saic.com/features/citizenship/saic raises-almost-four-million-meals-feeding-america-2021.  

About SAIC 

SAIC® is a premier Fortune 500® technology integrator driving our nation’s technology transformation. Our robust  portfolio of offerings across the defense, space, civilian, and intelligence markets includes secure high-end solutions  in engineering, digital, artificial intelligence, and mission solutions. Using our expertise and understanding of existing  and emerging technologies, we integrate the best components from our own portfolio and our partner ecosystem  to deliver innovative, effective, and efficient solutions that are critical to achieving our customers' missions.

* One dollar helps to provide at least ten meals secured by Feeding America on behalf of local member food banks. 

OCTOBER 28, 2021 

We are more than 26,500 strong; driven by mission, united by purpose, and inspired by opportunities. SAIC is an  Equal Opportunity Employer, fostering a culture of diversity, equity, and inclusion, which is core to our values and  important to attract and retain exceptional talent. Headquartered in Reston, Virginia, SAIC has pro forma annual  revenues of approximately $7.1 billion. For more information, visit saic.com. For ongoing news, please visit  our newsroom

About Feeding America 

Feeding America® is the largest hunger-relief organization in the United States. Through a network of 200 food  banks and 60,000 food pantries and meal programs, we provide meals to more than 46 million people each year.  Feeding America also supports programs that prevent food waste and improve food security among the people we  serve; educates the public about the problem of hunger; and advocates for legislation that protects people from  going hungry. Individuals, charities, businesses and government all have a role in ending hunger. Donate. Volunteer.  Advocate. Educate. Together we can solve hunger. Visit www.feedingamerica.org, find us on Facebook or follow us  on Twitter

Forward-Looking Statements 

Certain statements in this release contain or are based on “forward-looking” information within the meaning of the  Private Securities Litigation Reform Act of 1995. In some cases, you can identify forward-looking statements by  words such as “expects,” “intends,” “plans,” “anticipates,” “believes,” “estimates,” “guidance,” and similar words or  phrases. Forward-looking statements in this release may include, among others, estimates of future revenues,  operating income, earnings, earnings per share, charges, total contract value, backlog, outstanding shares and cash  flows, as well as statements about future dividends, share repurchases and other capital deployment plans. Such  statements are not guarantees of future performance and involve risk, uncertainties and assumptions, and actual  results may differ materially from the guidance and other forward-looking statements made in this release as a result  of various factors. Risks, uncertainties and assumptions that could cause or contribute to these material differences  include those discussed in the “Risk Factors,” “Management’s Discussion and Analysis of Financial Condition and  Results of Operations” and “Legal Proceedings” sections of our Annual Report on Form 10-K, as updated in any  subsequent Quarterly Reports on Form 10-Q and other filings with the SEC, which may be viewed or obtained  through the Investor Relations section of our website at saic.com or on the SEC’s website at sec.gov. Due to such  risks, uncertainties and assumptions you are cautioned not to place undue reliance on such forward-looking  statements, which speak only as of the date hereof. SAIC expressly disclaims any duty to update any forward-looking  statement provided in this release to reflect subsequent events, actual results or changes in SAIC’s expectations.  SAIC also disclaims any duty to comment upon or correct information that may be contained in reports published  by investment analysts or others. 

Media Contact: 
Brad Bass 
240.418.0168 | publicrelations@saic.com

Tweet me: .@SAICinc partners with @FeedingAmerica to help provide nearly four million meals to people in America experiencing food insecurity. https://bit.ly/3Cqmbq8

KEYWORDS: NYSE:SAIC, SAIC, SAIC Inc., Science Applications International Corp., Feeding America

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