Science Applications International Corporation (SAIC) (NYSE: SAI) announced today that the Greek Government formally accepted the Command, Control, Communications, Coordination, and Integration (C4I) system designed to address public safety and security needs of the Greek Police, Fire Brigade, Coast Guard and Ambulance Service. The system was initially delivered in July 2004 in connection with the 2004 Summer Olympic Games in Athens. SAIC has since enhanced the system, addressing Greek post-Olympic security needs. With acceptance of the system, ownership and risk of loss transfers to the Greek State, and SAIC becomes entitled to financial consideration as specified in the contract.
"System acceptance is an important milestone in the implementation of this state-of-the-art system, and properly recognizes the tremendous efforts of the Greek State and SAIC to deliver an effective solution," said SAIC executive vice president and project director Donald H. Foley.
The C4I Contract has an aggregate contract value of approximately $322 million. In addition to providing the C4I system, SAIC will provide integrated logistics support of the system through 2013, and cellular network services until 2014, under the C4I Contract.
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