SAIC Gets $224M IT Contract From FRTIB

Science Applications International Corporation (SAIC) was awarded a prime contract by the Federal Retirement Thrift Investment Board (FRTIB) to provide a broad range of business process, information security, and enterprise-wide information technology support services.

The single-award Technology and Enterprise Support Services contract has a two-year base period with three options (two years, one year, and one year), and a total potential contract value of approximately $224 million, if all options are exercised. Work will be performed primarily in Washington, D.C., metropolitan area.

The FRTIB administers the Thrift Savings Plan, a tax-deferred defined contribution plan, which provides federal employees the opportunity to save for additional retirement security.

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