SAIC (NYSE:SAIC) to sell logistics and supply chain management business to ASRC Federal for $350 Million

King & Spalding is representing Science Applications International Corp. (NYSE: SAIC) in the $350 million sale of its logistics and supply chain management business to ASRC Federal Holding Company, LLC, a subsidiary of Arctic Slope Regional Corporation. The transaction is expected to close in the first half of SAIC’s fiscal year 2024.

The transaction is led by Charles Katz and Drew Pollekoff.

SAIC’s press release announcing the transaction can be found here.