SAIC Shares Soar 1.94% on $110M Contract Win

Science Applications International Corporation (SAIC) shares surged 1.94% today, marking the third consecutive day of gains, with a cumulative increase of 4.90% over the past three days. The stock price reached its highest level since December 2024, with an intraday gain of 2.42%.

SAIC's recent contract wins have been a significant driver of its stock price movement. The company secured an $110 million contract, which has positively influenced investor sentiment and contributed to the stock's upward trajectory. This substantial contract win is likely to enhance SAIC's financial performance and overall market valuation.

Additionally, SAIC was awarded a $55 million contract to serve as the lead program integrator for a portion of the Space Development Agency's project. This contract not only underscores SAIC's capabilities in the aerospace and defense sectors but also positions the company for potential future growth and increased revenue streams. The successful acquisition of these contracts reflects SAIC's strong market position and its ability to secure high-value projects, which are crucial for sustaining long-term growth and shareholder value.