SAIC Awarded $37 Million Contract by City of Memphis

The City of Memphis, Tenn. has awarded McLean-based Science Applications International Corporation (SAIC) (NYSE: SAI) a prime contract to develop the City’s IT infrastructure.

Under the $37 million contract, SAIC will provide comprehensive IT services and solutions to the City’s Division of Information Services, by lowering costs, increasing capabilities, and strengthening the Memphis’ security posture.

The contract has a five year base period, and two one-year options. The contract also allows local minority owned business to deliver 30% of the City’s IT services.

"We are proud to be selected by the City of Memphis to implement world class, scalable and flexible IT solutions that enable them to move to a contemporary IT-managed services model while providing enhanced capabilities across their agencies to improve citizen services," said Doug Wagoner, SAIC senior vice president and business unit general manager.

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