SAIC Shares Soar 2.90% on $110M Contract Wins

Science Applications International Corp. (SAIC) shares rose 0.93% today, marking the second consecutive day of gains, with a total increase of 2.90% over the past two days. The stock price reached its highest level since December 2024, with an intraday gain of 2.38%.

SAIC has recently secured several significant contracts that could positively impact its stock performance. On April 21, 2025, the company was awarded a $54,908,584 cost-plus-award-fee contract for the Space Development Agency’s Tranche Three program integration effort. This contract involves system engineering and integration support for the delivery of space vehicles, highlighting SAIC's expertise in defense and space technologies.

In addition to the Tranche Three program, SAIC has also been selected as a program integrator for the Space Development Agency's low Earth orbit satellite constellation. This $55 million contract further solidifies SAIC's role in critical space projects, which are likely to attract investor interest and potentially boost the company's stock price.

These recent contract wins underscore SAIC's strong position in the defense and space sectors, where it continues to play a pivotal role in high-stakes projects. The company's ability to secure such significant contracts reflects its technical capabilities and strategic importance, which are key factors that investors consider when evaluating the company's future prospects.