SAIC board authorizes $1.2B share repurchase program

Subsequent to quarter end, the Company’s Board of Directors authorized the repurchase of up to $1.2 billion of the company’s outstanding common stock. This authorization is effective as of December 16, 2024 and has no expiration date. The share repurchase program will be used as part of the company’s capital allocation strategy, which includes returning capital to its shareholders. This share repurchase authorization replaces the company’s existing share repurchase program.