Science Applications Intl Corp. (SAIC)
NYSE · Common · CUSIP 808625107
Last Price•••.••
Current Yield•.••%
Yield to Call•.••%
Yield to Worst•.••%
Free registration unlocks the quote, yield calculations, price chart and full fundamentals for SAIC and every other security on QuantumOnline.
🔒
Price chart and 15 days of daily prices
Candlestick chart with moving averages, Bollinger bands and MACD. Register free to view.

Security Profile

Security Type
Common Stock
CUSIP
808625107
Market Cap
Large Cap
Previous Name
SAIC Gemini, Inc.
Business: Science Applications International Corporation (SAIC) is a leading technology integrator providing full lifecycle services and solutions in the technical, engineering, and enterprise IT markets. SAIC designs, develops, and sustains offerings that empower diplomatic missions, support warfighter requirements, and advance exploration from the ocean floor to outer space. The Company maintains leadership positions in supply chain management, hardware integration, and global network integration. It's diversified contract base enables them to provide end-to-end capabilities and solutions across mission and enterprise lifecycles.
Notes: September 30, 2013 -- Science Applications (SAIC) and Leidos (LDOS) will each begin trading regular way. ______________ Sept. 9, 2013 -- SAIC, Inc. (NYSE: SAI) today announced that its Board of Directors has approved the separation of its technical, engineering and enterprise information technology services business and declared a pro rata dividend to its stockholders, effective after market close on Friday, September 27, 2013 (the distribution date), of all of the shares of SAIC Gemini, Inc., which will hold the spun-off business and be renamed Science Applications International Corporation (Science Applications) in connection with the completion of the separation. Each SAIC, Inc. (SAIC) stockholder of record as of the close of business on September 19, 2013 (the record date) will receive, effective as of the distribution date, one share of common stock of Science Applications for every seven shares of common stock of SAIC held as of the record date. The distribution of these shares will be made in book-entry form, which means that no physical share certificates will be issued. On the distribution date, SAIC will change its name to Leidos Holdings, Inc. On Monday, September 30, 2013, shares of Leidos will begin regular way trading on the New York Stock Exchange under the ticker symbol LDOS and shares of Science Applications will begin regular way trading on the NYSE under the ticker symbol SAIC. The Board of Directors of SAIC also approved a one-for-four reverse stock split of Leidos shares, effective immediately after the distribution. In connection with the spin-off, Science Applications will incur approximately $500 million of debt financing. The proceeds of the debt financing will be used to pay a $295 million cash dividend to SAIC immediately prior to the completion of the spin-off. SAIC intends to use the net proceeds it receives from this dividend for general corporate purposes. SAIC expects that on or about September 16, 2013, ex-distribution trading of Leidos common stock will commence on the NYSE under the LDOS ticker and when-issued trading of Science Applications common stock will commence on the NYSE under the SAIC ticker. Shares of SAIC common stock will continue to trade regular way on the NYSE (NYSE: SAI) through the close of business on September 27, 2013. Any holders of shares of SAIC common stock on the record date who sell SAIC shares regular way on or before the close of business on September 27, 2013, also will be selling their right to receive shares of Science Applications common stock in the distribution. Investors are encouraged to consult with their financial advisers regarding the specific implications of buying or selling SAIC common stock on or before the distribution date.

Company Contact

CEO
Toni Townes-Whitley
CFO
Prabu Natarajan
Headquarters
12010 Sunset Hills Road, Reston, VA 20190
Phone
703-676-4300
Investor Relations
Shane P. Canestra · 703-676-2720 · shane.p.canestra@saic.com
SEC EDGAR Filings
View filings »