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SAIC Reentering Intelligence Community Market With Scitor Acquisition

Cal Biesecker By
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SAIC Reentering Intelligence Community Market With Scitor Acquisition
SAIC CEO Tony Moraco

Science Applications International Corp. [SAIC] on Sunday said has agreed to acquire Scitor Corp. for $790 million in cash in a deal that will give it instant access to the intelligence community while also boosting its business with the Air Force, two markets the company has sought to increase its presence in following the spin-off of Leidos [LDOS] in the fall of 2013.The deal is expected to close in early May subject to regulatory approvals. Once combined, SAIC will have…

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