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Encyclopedia > Science Applications International Corporation
Science Applications International Corporation
Science Applications International Corporation

Science Applications International Corporation (usually known as SAIC) is the largest employee-owned research and engineering firm in the United States. It was founded by Dr. J. Robert "Bob" Beyster in 1969 in La Jolla, California, as Science Applications Incorporated. As of 2005, SAIC employed over 43,000 employees and reported $7.2 billion in revenues, making it a Fortune 500 company. Blue on White SAIC Logo This is a copyrighted and/or trademarked logo. ... Blue on White SAIC Logo This is a copyrighted and/or trademarked logo. ... Employee-owned corporations (ESOPs, or EMployee Stock Ownership Programs) are generally a model of ownership of a corporation where the corporation is owned by the employees who work for it. ... Dr. John Robert Beyster (born 1929, often styled J. Robert Beyster) is the founder and, until 2004, the CEO of Science Applications International Corporation. ... One of the beaches at La Jolla Cove La Jolla, California, is a seaside resort community of 24,440 within the City of San Diego. ... The Fortune 500 is a ranking of the top 500 United States corporations as measured by gross revenue. ...


Although SAIC is a large technology firm with numerous federal, state, and private sector clients, its traditional expertise has been supporting the United States Department of Defense and the Intelligence Community, including the National Security Agency. In fiscal year 2003, SAIC did over $2.6 billion in business with the DoD, making it the ninth largest defense contractor in the United States. The United States Department of Defense, abbreviated as DoD or DOD and sometimes called the Defense Department is a civilian Cabinet organization of the United States government. ... NSA seal The National Security Agency / Central Security Service (NSA/CSS) is a United States government agency responsible for both the collection and analysis of foreign communications, and for the security of government communications against similar agencies elsewhere. ...


Dr. Beyster founded SAIC on the principles of employee-ownership - those who grow the company should share in its profits. On November 3, 2003 Kenneth C. Dahlberg was named the CEO of SAIC, ending Beyster's 30+ years of leadership. In May 2005, under the new CEO, the company replaced its external An Employee-Owned Company tagline with From Science to Solutions, retaining the former for internal communications. Ken Dahlberg was named the chief executive officer and president of Science Applications International Corporation (SAIC) on November 3, 2003 and chairman of the board on July 16, 2004. ...


On September 1, 2005, SAIC announced that its Board of Directors has decided to conduct an initial public offering of common stock worth in excess of 1.7 billion USD, with a proposed NYSE listing under the symbol SAI. After the proposed IPO, existing employee-owners would retain between 80 percent and 90 percent of the new company, meaning that the fundamental 'employee-ownership' ethos should be preserved. In financial markets, an initial public offering (IPO) is the first sale of a companys common shares to public investors. ... Common stock, also referred to as common shares, are, as the name implies, the most usual and commonly held form of stock in a corporation. ... USD redirects here. ... New York Stock Exchange (June 2003) The New York Stock Exchange (NYSE) is the largest stock exchange in the world, although its trading volume was exceeded by that of NASDAQ (historic comparison graph {pdf}) during the 1990s. ...


External link

  • Official website
  • IPO Information

 
 

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