With an eye on acquisitions, IT provider Science Applications International Corporation said Thursday it would make a public offering of stock in 2006.
The employee-owned San Diego company aims to raise $1.7 billion with the offering. With revenue in 2004 of $7.2 billion and a net income of $409 million, SAIC is one of the largest information technology providers to the U.S. federal government. In 2004, it won $2.5 billion in contracts from the U.S. Department of Defense, making it the ninth-largest Pentagon contractor.
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