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Defense Logistics Agency Exercises $420M Option on SAIC ChemPOL Supply Contract

Science Applications International Corp. (NYSE: SAIC) has been awarded a three-year, $420 million contract option by the Defense Logistics Agency to continue the distribution of chemicals, packaged petroleum, oils and lubricants to military and federal civilian agency locations worldwide.

The agency exercised the option to extend the company’s ChemPOL distribution support services through Oct. 14, 2024, the Department of Defense said Wednesday.

SAIC has performed the work since 2016 under a potential 10-year, $700 million contract, which includes a three-year option period and an additional two-year extension.

Work under the modification is scheduled to conclude on Oct. 14, 2024, and DLA will use defense working capital and foreign military sales funds for fiscal years 2022 through 2025.

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