Greece to dish out $52M to SAIC to settle breach of contract charge

Greece has been ordered by an international arbitrator to pay Science Applications International Corp. more than $52 million in damages and fees for what the company alleges to be breach of contract, according to FedBiz Daily.

This comes a decade after the company won a contract to deliver a security system used at the 2004 Athens Summer Olympic Games. SAIC is petitioning the U.S. District Court for D.C. to confirm the award by the International Chamber of Commerce of $52.1 million, plus $162,500 in arbitration costs and interest, FedBiz Daily reported.

The decision comes after four years of arbitration, and has to do with a command, control, communications, coordination and integration system that Greece contracted SAIC to deliver, for use at the 2004 Summer Olympic Games and afterward. According to the company, Greece used the system for two years after the games, but failed for formerly declare ownership of it and pay SAIC, FedBiz Daily reported.

Reader Comments

Please post your comments here. Comments are moderated, so they may not appear immediately after submitting. We will not post comments that we consider abusive or off-topic.

Please type the letters/numbers you see above

What is your e-mail address?

My e-mail address is:

Do you have a password?

Forgot your password? Click here
contracts DB


  • Dive into our Contract Award database

    In an exclusive for WT Insider members, we are collecting all of the contract awards we cover into a database that you can sort by contractor, agency, value and other parameters. You can also download it into a spreadsheet. Read More

  • Is SBA MIA on contractor fraud? Nick Wakeman

    Editor Nick Wakeman explores the puzzle of why SBA has been so silent on the latest contractor fraud scandal when it has been so quick to act in other cases. Read More


  • How Do You Support the Project Lifecycle?

    How do best-in-class project-based companies create and actively mature successful organizations? They find the right mix of people, processes and tools that enable them to effectively manage the project lifecycle. REGISTER for this webinar to hear how properly managing the cycle of capture, bid, accounting, execution, IPM and analysis will allow you to better manage your programs to stay on scope, schedule and budget. Learn More!

  • Sequestration, LPTA and the Top 100

    Join Washington Technology’s Editor-in-Chief Nick Wakeman as he analyzes the annual Top 100 list and reveals critical insights into how market trends have impacted its composition. You'll learn what movements of individual companies means and how the market overall is being impacted by the current budget environment, how the Top 100 rankings reflect the major trends in the market today and how the biggest companies in the market are adapting to today’s competitive environment. Learn More!