SAIC (Science Applications International Corporation) has made an announcement regarding a transition in its CEO position, appointing James "Jim" Reagan as the interim Chief Executive Officer, effective immediately. This change comes as Mr. Reagan succeeds Toni Townes-Whitley, with Donna Morea, the Chair of the Board, expressing gratitude for Townes-Whitley's contributions to the company.
Reagan, a seasoned executive with nearly two decades of senior leadership experience in the defense and government services industry, brings a wealth of knowledge and understanding of the sector, including cybersecurity, intelligence, information technology, healthcare, and national security. He has previously held senior leadership roles in organizations such as Leidos Holdings, Vencore, Inc., and PAE, Inc., among others. It's noted that Reagan has been a member of the SAIC board since January 2023.
With the CEO transition, the SAIC board now comprises 11 directors, 10 of whom are independent. Additionally, the company has reaffirmed its previously issued fiscal year 2026 guidance provided on September 4, 2025. The guidance, which can be subject to reassessment based on the status of a prolonged federal government shutdown and the broader government contracting environment, underscores the company’s focus on delivering operational results.
SAIC, a premier Fortune 500 company with an annual revenue of approximately $7.5 billion, is focused on leveraging technology and innovation to serve and protect the world. The company's offerings span across defense, space, civilian, and intelligence customers, encompassing solutions in mission IT, enterprise IT, engineering services, and professional services, as well as integrating emerging technology into critical national imperatives.
As SAIC navigates this CEO transition and reaffirms its fiscal year 2026 guidance, the company appears committed to maintaining its strong position and delivering value to its shareholders, customers, and employees. Following these announcements, the company's shares moved 2.58%, and are now trading at a price of $100.64. For more information, read the company's full 8-K submission here.
