SAIC clears $2.9B Army recompete hurdle

Science Applications International Corp. has won the potential five-year, $2.9 billion recompete of its contract for software development and other lifecycle services to the Army.

The General Services Administration awarded the work as a task order through its OASIS professional services vehicle, GSA said Monday in a post to its Interact portal. GSA received two other bids for the order, according to Federal Procurement Data System information.

Reston, Virginia-based SAIC generates around 9 percent of its revenue from services on this just-awarded order, analysts at Wells Fargo Securities wrote in a research note for clients. SAIC has previously carried out the work under the Army's AMCOM Express vehicle, from which the service branch has over recent years gradually broken out into task orders through OASIS.

This was the largest recompete hurdle on SAIC's agenda for its current 2021 fiscal year and is the second it has cleared within the past two months, following a $1.4 billion Justice Department contract secured in March by the company’s joint venture with Amentum.

SAIC is the managing partner of the Forfeiture Support Associates JV, which has supported the department’s asset forfeiture program with professional services since 2004.