Science Applications (SAIC) Closes Halfaker and Associates Buyout
Zacks Investment Research | Jul 05, 2021 01:35AM ET
Science Applications (NYSE:SAIC) International Corporation Computer – IT Services industry’s increase of 53%.
Science Applications has been aggressive on the acquisition front to boost its competitive position.
Notably, Leidos spun off Science Applications in 2013, post which the former retained most part of the intelligence business. As a result, Science Applications had been unable to maintain a competitive edge against peers.
However, the buyout of Scitor Holdings in 2015 put Science Applications as a market leader within the intelligence community, immediately boosting its top line, bringing in approximately $600-million additional revenues annually.
The acquisition of Engility in early 2019 also bolstered the company’s top line, profitability and cash flow, enhancing long-term shareholder-value creation.
In 2020, the company bought Unisys (NYSE:UIS) Federal, an operating division of Unisys Corporation Zacks Investment Research
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