SAIC to Re-enter
Intelligence Market with $790M Scitor Buy - Analyst Blog
Science Applications International Corporation SAIC inked a definitive
agreement to buy Reston-based Scitor for $790 million, marking its re-entry
into the intelligence market and its first acquisition since its spin-off from
namesake parent company in 2013.
Slated to close
in May this year, the acquisition is in sync with SAIC's strategy to deepen its
foothold in the intelligence and Air Force markets. The deal will give SAIC access
to classified contracts with the Air Force, the National Reconnaissance Office
and many intelligence agencies, and will augment the company's federal
clientele.
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