Federal conflict of interest rules are forcing SAIC,the former Science Applications International Corporation,to divide into two separate companies.The rules make it harder for a company that combines services and solutions functions as SAIC does to compete for contracts.Under the leadership of new CEO General John P. Jumper,US Air Force retired,the IT-oriented research group will spin off its 4 billion dollar a year services business from the larger 7 billion a year solutions business.
The services business will provide systems engineering and technical assistance,plus financial analysis and program office support.The solutions business will offer science and technology for national security,engineering and health projects such as communications,intelligence,logistics and electronic warfare initiatives.
SAIC was founded by a small group of scientists led by physicist J. Robert Beyster,PhD in 1969.The FORTUNE 500 company addresses complex and critical technology-related needs such as cancer research at its SAIC-Frederick subsidiary in Maryland.SAIC-Frederick develops and applies advanced technologies to translational research,accelerating the delivery of new cancer and AIDS treatments.The activity supports the National Institutes of Health's Frederick National Laboratory for Cancer Research,employing nanotechnology,genomics and biomedical imagery in both basic and applied research.
SAIC employs about 40,000 people at locations from Virginia to Saudi Arabia,Bahrain and the United Arab Emirates.
SAIC,Inc(SAI)
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