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In 2012 SAIC was ordered to pay $500 million to the City of New York for overbilling the city over a period of seven years on the CityTime contract. [15] [16] In 2014 Gerard Denault, SAIC's CityTime program manager, and his government contact were sentenced to 20 years in prison for fraud and bribery related to that contract.
Leidos Holdings, Inc. Leidos Holdings, Inc., formerly known as Science Applications International Corporation (SAIC), [6] is an American defense, aviation, information technology, and biomedical research company headquartered in Reston, Virginia, that provides scientific, engineering, systems integration, and technical services.
CityTime was a New York City contract to build a timekeeping and payroll system for city employees, awarded to SAIC as a no-bid, $63 million contract in 2003. [1] In the following years, the contract ballooned to $700 million, as consultant rates were artificially inflated, and contract terms were adjusted to make the city responsible for "cost ...
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John Robert Beyster (July 26, 1924 – December 22, 2014), often styled J. Robert Beyster, was an American scientist and entrepreneur, and the founder of Science Applications International Corporation. [1] He was Chairman of the Board until his retirement in July 2004, and served as chief executive officer (CEO) until November 2003.
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Next Monday, SAIC will release its latest quarterly results. Even though the stock has soared to two-year highs recently, investors appear nervous about the company's earnings prospects going forward.