SAIC Acquires Cornerstone Industry, Inc.
Aug 04, 2006, (SAN DIEGO and MCLEAN, VA) - Science Applications International Corporation (SAIC) announced today that it has completed the acquisition of Cornerstone Industry, Inc. (Cornerstone), a firm that provides joint doctrine development – the fundamental principles that guide the employment of U.S. military forces in coordinated action toward a common objective. Cornerstone also offers e-learning, Web services and computer gaming related to joint doctrine development to Department of Defense and commercial clients. The acquisition of Cornerstone strengthens SAIC’s position as a leader in the joint transformation market.
Headquartered in Alexandria, Va., Cornerstone develops, writes, publishes, assesses, and supports the entire joint doctrine process, including training and education. The company is one of the leading providers of joint doctrine support for the joint staff with significant presence at the U.S. Joint Forces Command Joint Warfighting Center.
“Joint doctrine provides the fundamental principles that guide the employment of U.S. military forces in coordinated action toward a common objective,” said Don York, president and chief executive officer of Cornerstone Industry. “Cornerstone Industry is recognized as an industry expert in this area and we look forward to bringing our capabilities to SAIC.”
Supporting customers in Washington, D.C., and both Hampton and Suffolk, Va., the company’s 59 employees will transition into SAIC’s Strategies, Simulation, and Training Business Unit. Terms of the acquisition agreement were not disclosed.
“We are pleased with the addition of the Cornerstone team to our organization,” said Beverly Seay, SAIC senior vice president and general manager of the Strategies, Simulation and Training Business Unit. “As a market leader in joint doctrine, they bring deep insight and experience that can enable us to better serve the needs of both our joint and Service clients.”
Visit SAIC’s National Security section to learn more about our capabilities in this area.
SAIC is the largest employee-owned research and engineering company in the United States, with more than 43,000 employees in over 150 cities worldwide. For the fiscal year ended January 31, 2006, the company reported annual revenues of $7.8 billion. SAIC engineers and scientists solve complex technical problems in national security, homeland security, energy, the environment, space, telecommunications, health care, and logistics. SAIC: FROM SCIENCE TO SOLUTIONS™
Statements in this announcement other than historical data and information constitute forward-looking statements that involve risks and uncertainties. A number of factors could cause our actual results, performance, achievements or industry results to be very different from the results, performance or achievements expressed or implied by such forward-looking statements. Some of these factors include, but are not limited to, the risk factors set forth in the Company’s Annual Report on Form 10-K for the period ended January 31, 2006, and such other filings that the Company makes with the SEC from time to time. Due to such uncertainties and risks, readers are cautioned not to place undue reliance on such forward-looking statements, which speak only as of the date hereof.
Use our Contact Form or call 1-800-430-7629.
- Contact Information
- Ron Zollars
- Press/Public Relations Contact
- Science Applications International Corporation (SAIC)
- Contact via E-mail
This news content was configured by WebWire editorial staff. Linking is permitted.
News Release Distribution and Press Release Distribution Services Provided by WebWire.