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SAIC Awards WFI Subcontract

San Diego-based companies Wireless Facilities, Inc. and Science Applications International Corp. will join forces to fulfill a $104.5 million defense contract designed to help the Navy keep track of its stuff.

The announcement was made Oct. 12 and involves Wireless Facilities serving as a subcontractor on SAIC’s recently awarded contract with the Navy Automatic Identification Technology Program Office. Under the arrangement, Wireless Facilities will provide program management and engineering and technical services in support of the Navy project, with an emphasis on logistics and identification labeling for in-transit tracking purposes.

Wireless Facilities trades on the Nasdaq under the symbol WFII. It opened trading Oct. 12 at $6.49. Last year, the company reported $397 million in revenues.

For now, SAIC is the largest employee-owned research and engineering company in the United States, with annual revenues of $7.2 billion. Early next year, SAIC plans to conduct its initial public offering.

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, Jessica Long

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