Science Applications International secures ~$950M in space, intelligence contract awards in Q3

• Science Applications International (NYSE:SAIC) received ~$950M in space and intelligence contract awards during the third quarter of fiscal year 2023.
• The awards reflect work in intelligence, space systems, JADC2 efforts and model-based systems engineering.
• Third quarter awards include a Missile Defense Agency Quick Reaction Team analysis effort. 
• Last week, SAIC declines as Jefferies downgrades stock to Hold on growth outlook.
• SAIC (SAIC) this year has risen 22% through Nov. 22, contrasting with a 12% loss for the S&P 500.