SAN DIEGO and McLEAN, Va., Aug. 2 /PRNewswire-FirstCall/ -- ScienceApplications International Corporation (NYSE: SAI) announced today that ithas completed the acquisition of Benham Investment Holdings, LLC (Benham)and its subsidiaries. Benham is an engineering and life-cycle technologyimplementation firm that serves Fortune 500(R) commercial and federalgovernment customers. Headquartered in Oklahoma City, Okla., Benham offers a full range ofcapabilities in consulting, engineering, architecture and design/build,including specialized expertise in energy management, alternative fuels,process engineering, industrial manufacturing, facilities, softwaredevelopment and integration, and advanced visualization and communicationsystems. "The acquisition of Benham represents a significant opportunity forSAIC to extend the value of solutions we deliver to customers andseamlessly integrate technologies, systems and infrastructure across themarkets we serve," said J.T. Grumski, SAIC senior vice president and newlyappointed president of Benham. "We are very pleased about the marketsynergies and cultural fit of our respective companies." "SAIC's acquisition of Benham positions SAIC to significantly grow itscommercial energy and infrastructure business. Adding process and facilitydesign and implementation capabilities to its growing business in energymanagement, oil and gas operations, and utility systems represents animportant step in SAIC's strategy to enhance its capabilities in theseareas," said Joe Craver, president of SAIC's Infrastructure, Logistics andProduct Solutions Group, the SAIC group into which Benham will beintegrated. Benham employs approximately 800 people supporting clients in locationsacross the U.S., including Norman, Oklahoma City, and Tulsa, Okla.; St.Louis, Mo.; St. Paul, Minn.; and Detroit, Mich. Lance Benham, the company'sformer president will remain as senior vice president, focused on strategicbusiness development initiatives and synergy creation with its new parent. Terms of the acquisition were not disclosed. SAIC is a leading provider of scientific, engineering, systemsintegration and technical services and solutions to all branches of theU.S. military, agencies of the Department of Defense, the intelligencecommunity, the U.S. Department of Homeland Security and other U.S.Government civil agencies, as well as to customers in selected commercialmarkets. With more than 44,000 employees in over 150 cities worldwide, SAICengineers and scientists solve complex technical challenges requiringinnovative solutions for customers' mission-critical functions. SAIC hadannual revenues of $8.3 billion for its fiscal year ended January 31, 2007. SAIC: FROM SCIENCE TO SOLUTIONS(TM) Statements in this announcement other than historical data andinformation constitute forward-looking statements that involve risks anduncertainties. A number of factors could cause our actual results,performance, achievements or industry results to be very different from theresults, performance or achievements expressed or implied by suchforward-looking statements. Some of these factors include, but are notlimited to, the risk factors set forth in SAIC's Annual Report on Form 10-Kfor the period ended January 31, 2007, and such other filings that SAICmakes with the SEC from time to time. Due to such uncertainties and risks,readers are cautioned not to place undue reliance on such forward-lookingstatements, which speak only as of the date hereof.
