William Blair learned Verizon teaming with SAIC on big FAA contract

William Blair analyst Louie DiPalma learned that Verizon (VZ) is teaming with SAIC (SAIC) for work on its $2.4B enterprise network services contract from the Federal Aviation Administration. The analyst is under the impression that the value of the contract may be up to $4B with the inclusion of options over the course of the contract’s 15-year duration. This is another large recent win for SAIC’s business development team, the analyst tells investors in a research note. The firm expects SAIC to discuss the developments on its April 3 earnings call. Blair has a Market Perform rating on SAIC shares.