SAIC to pursue bolder acquisition strategy, sell off a portion of its business

Company to divest oil, gas IT services

During a call with investors, Science Applications International Corp. revealed that it will sell part of its commercial business units with the goal of stepping up its acquisition growth strategy, according to a Capital Business report in the Washington Post.

In particular, CEO Walter Havenstein told the Post in last week’s call that the company will divest its oil and gas IT services businesses because their cultivation “would have required substantial investment in management time and attention in areas outside our strategic growth areas.”

The portion of the company to be sold off, which will not include any domestic utilities areas, brings in about $200 million in revenue, said SAIC Chief Financial Officer Mark Sopp.

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


  • 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. Our databases track awards back to 2013. Read More

  • Navigating the trends and issues of 2016 Nick Wakeman

    In our latest WT Insider Report, we pull together our best advice, insights and reporting on the trends and issues that will shape the market in 2016 and beyond. Read More

contracts DB

Washington Technology Daily

Sign up for our newsletter.

Terms and Privacy Policy consent

I agree to this site's Privacy Policy.