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SAIC Begins Work On $6.2 Billion Pact (Contract was protested by A Kuwaiti Co)
The Baltimore Sun ^ | August 24, 2007 | Tricia Bishop

Posted on 08/24/2007 7:09:23 AM PDT by RDTF

SAIC Inc. began work on supply management of chemicals, packaged petroleum, oils and lubricants for the Defense Department under a contract valued at as much as $6.2 billion after a protest of the award was denied. SAIC said yesterday that it was informed Aug. 15 that work may continue following a ruling on the challenge by the Government Accountability Office.

The order was awarded May 2, and a protest was lodged by PWC Logistics Services Inc., a Kuwait-based global logistics company, GAO attorney Michael Golden said today.

SAIC, a military contractor specializing in computer services, has had the contract with the Defense Supply Center in Richmond, Va., for five years, with one five-year option period. The order allows the Defense Logistics Agency to spend as much as $6.2 billion, depending on the supplies required, San Diego-based SAIC said.


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TOPICS: Business/Economy; Foreign Affairs; News/Current Events; War on Terror
KEYWORDS: defensecontractors; dod; gao; saic; supplylines

1 posted on 08/24/2007 7:09:24 AM PDT by RDTF
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Hmmm, better go check the stock price and see if it’s moving back up at all.

Bring on $23/share. . .

2 posted on 08/24/2007 7:12:20 AM PDT by elc
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