SAIC receives $1.3B Treasury contract

Reston-based Fortune 500 contractor Science Applications International Corp. (SAIC) will provide the U.S. Department of the Treasury with a range of cloud and professional services under a seven-year, $1.3 billion contract, the company announced Thursday.

Dubbed “T-Cloud,” SAIC will deliver a shared-service cloud infrastructure model providing enterprise-wise efficiencies in access, contracting and security, SAIC said in a news release. The company will also provide business operations, technical, security, network, service desk, subject matter support and transition services.

“T-Cloud will enable the treasury department to rapidly and securely adopt a modern, flexible and cost-effective approach to utilizing and consuming data in the cloud,” Bob Genter, president of SAIC’s defense and civilian sector, said in a statement. “SAIC is honored to be the treasury department’s cloud services digital transformation partner.”

SAIC employs about 24,000 people and reported $7.7  billion in fiscal 2023 revenue. The company announced in May that SAIC CEO Nazzic S. Keene will retire in October. She will be replaced by former Microsoft Corp. executive Toni Townes-Whitley.