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RESTON, Va. - Science Applications International Corp. (NASDAQ:SAIC), a technology services provider currently valued at $5.4 billion, announced Thursday the appointment of David Urban to its Board of Directors, effective September 15, 2025. According to InvestingPro analysis, SAIC maintains a FAIR financial health rating, with strong profitability indicators.
Urban, a former senior advisor to President Trump and political strategist, will serve on the Board’s Audit Committee, increasing SAIC’s Board from eleven to twelve members.
Currently, Urban serves as Managing Director at the BGR Group, Of Counsel at Torridon Law, and as a Senior Political Commentator for CNN. His experience spans government, military, legal, and corporate sectors.
"I am thrilled to welcome David to the Board of Directors at SAIC," said Donna Morea, SAIC Board Chair, in a press release statement.
Urban has previously advised companies including Lockheed Martin, Zoom, Comcast, ByteDance, CoinBase, and 7-Eleven. He also served as Chief of Staff to Senator Arlen Spector and as an Officer in the U.S. Army.
His board experience includes positions with Virtu Financial, Eos Energy, and Subcom. Urban also serves as Chairman of the American Battle Monuments Commission and has been a trustee at the U.S. Military Academy at West Point.
Urban holds degrees from the U.S. Military Academy at West Point, the University of Pennsylvania, and Temple University.
SAIC, a Fortune 500 company headquartered in Reston, Virginia, provides technology and innovation services across defense, space, civilian, and intelligence markets with annual revenues of approximately $7.5 billion. The company has maintained dividend payments for 13 consecutive years, demonstrating strong financial stability. For deeper insights into SAIC’s financial health and growth prospects, investors can access comprehensive analysis through InvestingPro’s detailed research reports, available for over 1,400 US stocks.
In other recent news, Science Applications International Corp (SAIC) reported its first-quarter 2025 earnings, revealing a slight revenue growth but missing earnings per share (EPS) forecasts. The company posted an EPS of $1.92, which was below the expected $2.16, while revenue stood at $1.88 billion, aligning with forecasts. Additionally, SAIC secured a $63.8 million contract from the U.S. Department of Defense for warhead expansion boxes and associated cable kits, with the contract set to run until January 2032.
In corporate governance developments, SAIC’s shareholders approved the election of board members and executive compensation during their Annual Meeting of Stockholders. The meeting saw a strong shareholder presence, with approximately 82.7% of the outstanding shares represented. Meanwhile, Jefferies analysts lowered SAIC’s stock price target to $115 from $130, maintaining a Hold rating. They noted the company’s organic growth of 1.6% was better than anticipated, but expressed concerns over its reliance on achieving above-average on-contract growth for the full year.
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