|[August 08, 2019]
SAIC, Polaris to Team on Army Infantry Squad Vehicle
Science Applications International Corp. (NYSE: SAIC (News - Alert)) and Polaris Government and Defense, a division of Polaris Inc., (NYSE: PII) announced today they are teaming up for the U.S. Army's Infantry Squad Vehicle (ISV) vehicle program. SAIC, a leading technology integrator, joined with Polaris, the industry leader in ultralight mobility platforms, to offer the proven DAGOR® vehicle. DAGOR provides the warfighter superior operational capability, crew area, mobility and maneuverability in a tactical environment.
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"SAIC has a long history of performing vehicle engineering and platform integration work, and the Army has a need for small-unit mobility and maneuverability that can be easily met with the proven DAGOR vehicle that has been deployed around the world," said Jim Scanlon, executive vice president and general manager of SAIC's Defense Systems Group. "Working with Polaris, SAIC will provide comprehensive systems engineering and integration using state-of-the-art tools and processes that leverage domain understanding gained through extensive field support and advanced experimentation in support of the Army to give the ISV a technological edge on the battlefields of tomorrow."
"The DAGOR was designed to meet a squad's payload and off-road mobility demands, while meeting weight and size restrictions that maximize air transportability," said Jed Leonard, vice president, Polaris Government and Defense. "The lightweight and highly mobile platform supports the Army's expeditionary missions providing a key capability needed on the ever-changing battlefield."
The SAIC-Polaris team has delivered a baseline vehicle sample to soldiers in the 82nd Airborne Division for soldier assessment. The DAGOR vehicle can carry up to nine soldiers with their equipment and supplies. It provides the speed, mobility and communications support Army small units require to obtain and maintain situational awareness of the battlefield.
SAIC's expertise in C4ISR integration onto ground vehicles could provide additional capabilities such as cybersecurity, enhanced surveillance, secure communications, and non-kinetic fires. The DAGOR ISV will leverage and further enhance the already proven, production-ready solution that has been tested, certified, and fielded to operational units in the U.S. Military and its Allies since 2015.
SAIC® is a premier technology integrator solving our nation's most complex moernization and readiness challenges. Our robust portfolio of offerings across the defense, space, civilian, and intelligence markets includes high-end solutions in engineering, IT, and mission solutions. Using our expertise and understanding of existing and emerging technologies, we integrate the best components from our own portfolio and our partner ecosystem to deliver innovative, effective, and efficient solutions.
We are 23,000 strong; driven by mission, united by purpose, and inspired by opportunities. Headquartered in Reston, Virginia, SAIC has pro forma annual revenues of approximately $6.5 billion. For more information, visit saic.com. For ongoing news, please visit our newsroom.
About Polaris Government and Defense
Polaris Government and Defense vehicles are forged from 65 years of off-road innovation and leadership. The commercial prowess and innovative culture of Polaris are leveraged to deliver unique value to government entities and military forces worldwide. This dedicated division provides highly capable, simple to use, and affordable mobility platforms and vehicles that are readily available through easy procurement channels and supported through lifecycle training, service and maintenance from Polaris - the original equipment manufacturer.
Polaris Government and Defense | Mobility Made Easy | Polaris.com/Gov
Certain statements in this release contain or are based on "forward-looking" information within the meaning of the Private Securities Litigation Reform Act of 1995. In some cases, you can identify forward-looking statements by words such as "expects," "intends," "plans," "anticipates," "believes," "estimates," "guidance," and similar words or phrases. Forward-looking statements in this release may include, among others, estimates of future revenues, operating income, earnings, earnings per share, charges, total contract value, backlog, outstanding shares and cash flows, as well as statements about future dividends, share repurchases and other capital deployment plans. Such statements are not guarantees of future performance and involve risk, uncertainties and assumptions, and actual results may differ materially from the guidance and other forward-looking statements made in this release as a result of various factors. Risks, uncertainties and assumptions that could cause or contribute to these material differences include those discussed in the "Risk Factors," "Management's Discussion and Analysis of Financial Condition and Results of Operations" and "Legal Proceedings" sections of our Annual Report on Form 10-K, as updated in any subsequent Quarterly Reports on Form 10-Q and other filings with the SEC (News - Alert), which may be viewed or obtained through the Investor Relations section of our website at saic.com or on the SEC's website at sec.gov. Due to such risks, uncertainties and assumptions you are cautioned not to place undue reliance on such forward-looking statements, which speak only as of the date hereof. SAIC expressly disclaims any duty to update any forward-looking statement provided in this release to reflect subsequent events, actual results or changes in SAIC's expectations. SAIC also disclaims any duty to comment upon or correct information that may be contained in reports published by investment analysts or others.
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