SAIC history

The overall strategy seemed to work, as Science Application's sales rose to 43 percent in 1986 to $600 million.

Revenues continued to rise rapidly in 1987, by which time the company was employing 7,000 workers in 17 cities around the United States.

Science Applications' spate of new civilian and military contracts allowed it to increase sales substantially to $1.29 billion in 1992, about $33 million of which was netted as income.

Sales rose to a record $1.7 billion in 1994 (fiscal year ended January 31, 1994) and profits hit $41.5 million, as the company's work force increased to 17,000.

In 1995, moreover, revenues grew to $1.9 billion and net income increased to $49 million.

In 2011, the former SAIC acquired Vitalize Consulting Solutions, a health-care IT company.

Discussions to split SAIC began in February 2012 and progressed quickly.

Then on September 27, 2013, it spun off a $4 billion unit which retained its name, while the parent company changed its name to Leidos.

On May 4, 2015, SAIC acquired Scitor Holdings, Inc. for $790 million to expand their presence in the intelligence industry through classified contracts, cleared personnel, and a robust security infrastructure.

On February 6, 2020, SAIC announced its acquisition of UNISYS US Federal, a competitor in the United States government services contracting sector, for a combined US$1.2 billion.