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Tuesday, Jun 25, 2024

SAIC Finds New Exec Across Town at Titan Corp.

Science Applications International Corp., a San Diego-based company that employs 43,000 worldwide, has hired a new chief financial officer away from another large local defense contractor.

Mark Sopp, former CFO and treasurer at Titan Corp., joins SAIC as CFO and executive vice president.

Sopp, a 40-year-old Washington, D.C., native, worked at Titan during a five-year span that saw annual company revenues grow from $400 million to $2.5 billion.

Meanwhile, Tom Darcy, the company’s current CFO, will move into a newly created job overseeing the implementation of the company’s initial public offering and establishment of investor relations.

Darcy, a 55-year-old Oakland native, steps into the role of executive vice president of strategic projects after spending five years as the company’s chief financial officer.

The moves come as SAIC draws closer to a public stock offering. The employee-owned company will hold a stockholder vote that would give a green light to the IPO.

If approved, the IPO’s date would be set after that, said Ben Haddad, an SAIC spokesman.

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San Diego-based Cubic Defense Applications , part of the Cubic Corp. , has been selected as a partner in Northrop Grumman Corp.’s bid to provide support for the U.S. Joint Forces Command’s Joint Warfighting Center.

The contract, worth $250 million over five years, isn’t expected to be awarded until late next year.

The winner will help plan and execute exercises, conduct crisis rehearsals and coordinate simulations at the Suffolk, Va.-based war center.

General Dynamics Advanced Information Systems is the other member of the bid.

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Supporting Role:

SYS Technologies, based in San Diego, won a $1.1 million contract from SAIC to provide systems engineering services to support a Space and Naval Warfare Systems Command program.

SYS will aid Spawar’s FORCEnet Integrated Architecture program, a complex piece of infrastructure that’s involved in the design of future naval warfare systems.

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New Chief:

Syntricity Inc., a privately held San Diego-based provider of software for the semiconductor industry, has appointed Clara Leonida as the company’s chief financial officer.

Leonida was Z Microsystems’ former CFO and has served as finance director for FHP Healthcare and as controller for Braun Thermoscan.

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Satellite Shopping:

Carlsbad-based ViaSat Inc., a satellite and wireless technology provider, has purchased privately held Efficient Channel Coding Inc. for $25.5 million.

The purchase of the Ohio-based producer of satellite communications systems is expected to be complete before year’s end.

ViaSat, which trades on the Nasdaq as VSAT, closed Nov. 29 at $27.59.

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All-Star Contract:

All Star Services Corp., a San Diego-based service company, won a $33 million contract Nov. 22 to provide base operations and maintenance at Fort Huachuca, Ariz.

The contract expires in 2010.

Please send defense and high-tech news to Rob Davis. He can be reached at rdavis@sdbj.com or by phone at (858) 277-6359.


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