Saturday, January 22, 2011

DTN News - DEFENSE NEWS: SAIC-led Industry Team Continues To Pursue Ground Combat Vehicle Program

DTN News - DEFENSE NEWS: SAIC-led Industry Team Continues To Pursue Ground Combat Vehicle Program
Source: DTN News - - This article compiled by Roger Smith from reliable sources SAIC
(NSI News Source Info) MCLEAN, Va., - January 22, 2011: Science Applications International Corporation (SAIC) (NYSE:SAI - News) announced yesterday it will continue to lead a team pursuing the U.S. Army's Ground Combat Vehicle (GCV) program. The SAIC-led team submitted a revised proposal for the technology development phase of the Infantry Fighting Vehicle (IFV) being developed under the GCV effort to the U.S. government. The team originally submitted a proposal in May 2010, but the initial Request for Proposal was rescinded by the Army, and a second RFP issued inNovember 2010.

"GCV is of vital importance to our nation as it will be the first combat vehicle designed to be adaptable to the full range of military operations, while protecting our soldiers from current and emerging threats," said Deborah Alderson, SAIC group president. "Our offer continues to focus on delivering a newer, highly survivable, more lethal, off-road IFV than previous offerings we know of."

SAIC's Team Full Spectrum consists of three large enterprises – The Boeing Company, Krauss-Maffei Wegmann (KMW), and Rheinmetall Defence (RMD). The team, called Team Full Spectrum, is proposing a vehicle it believes is well-positioned to meet the Army's accelerated development needs because of its MGV and Puma heritage. The Puma is the only production-ready IFV designed from the ground up since Sept. 11, 2001, and incorporates the lessons of the wars in Iraq and Afghanistan. The team will also incorporate lessons learned from the Future Combat Systems Manned Ground Vehicle effort.

"Our offering is designed, first and foremost, to protect our Soldiers, to unburden them from mechanical tasks with the latest technology thus allowing concentration on the cognitive, and to empower them to accomplish their mission," said Alderson. "In addition, high technical readiness levels will help meet the Army's timeline of delivering the first vehicle in 7 years."

The U.S. Army's Ground Combat Vehicle program is part of a holistic Army plan to modernize its combat vehicle fleet.

About SAIC

SAIC is a FORTUNE 500® scientific, engineering, and technology applications company that uses its deep domain knowledge to solve problems of vital importance to the nation and the world, in national security, energy and the environment, critical infrastructure, and health. The company's approximately 45,000 employees serve customers in the U.S. Department of Defense, the intelligence community, the U.S. Department of Homeland Security, other U.S. Government civil agencies and selected commercial markets. Headquartered in McLean, Va., SAIC had annual revenues of $10.8 billion for its fiscal year ended January 31, 2010. For more information, visit SAIC: From Science to Solutions®

Statements in this announcement, other than historical data and information, constitute forward-looking statements that involve risks and uncertainties. A number of factors could cause our actual results, performance, achievements, or industry results to be very different from the results, performance, or achievements expressed or implied by such forward-looking statements. Some of these factors include, but are not limited to, the risk factors set forth in SAIC's Annual Report on Form 10-K for the period ended January 31, 2010, and other such filings that SAIC makes with the SEC from time to time. Due to such uncertainties and risks, readers are cautioned not to place undue reliance on such forward-looking statements, which speak only as of the date hereof.


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