(By Balaseshan) SAIC Inc. (NYSE: SAI), which provides scientific, engineering, and technical services, said it has received research and development (R&D) services contract from the Naval Medical Logistics Command.
SAIC was awarded a prime contract to provide R&D services in support of the Naval Submarine Medical Research Laboratory (NSMRL).
The single-award, cost-plus fixed-fee contract has a one-year base period of performance, four one-year options, and a total contract value of about $22 million if all options are exercised. Work will be performed primarily at the Naval Submarine Base New London in Groton, Connecticut.
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Under the contract, SAIC will provide R&D support services including investigations of medical, psychological, physiological, and other issues associated with the health and performance of Naval personnel in operational and non-operational settings.
Research and testing conducted under this contract will be broad in scope and encompass a wide range of disciplines, covering all aspects of submariner wellness, submariner psychological factors, shipboard force health protection, human factors, and undersea warfighter capabilities.
The NSMRL is the only U.S. Navy Bureau of Medicine and Surgery dedicated research institution for submariner performance. NSMRL research areas focus on the medical, psychological, and physiological interactions between the human and the submarine, serving the submarine force and the Navy by taking the lead in undersea human factors, sensory sciences, and operational medicine.
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SAI closed Friday's session at $11.62. The stock has been trading between $10.31 and $14.20 for the past 52 weeks.