Exhibit 99.1

SAIC Announces Financial Results for Third Quarter of Fiscal Year 2013

-  Revenues: $2.87 billion

-  Operating Income: $193 million

-  Diluted EPS from Continuing Operations: $0.33

-  Cash Flows from Operations: $295 million

-  Bookings: $4.8 billion (book-to-bill ratio of 1.7)

MCLEAN, Va., December 5, 2012 — SAIC, Inc. (NYSE: SAI), a scientific, engineering, and technology applications company, today announced financial results for the third quarter of fiscal year 2013, which ended October 31, 2012.

“This quarter we are reporting modest year-over-year revenue growth and solid new business bookings even in the currently cautious government market. This reflects our more aggressive pursuit of new business opportunities and the strong commitment of our 40,000 employees to the highest level of customer service, even as we undertake significant changes within the Company,” said John P. Jumper, chairman and chief executive officer. “Our outlook continues to be cautious as the government approaches critical fiscal decisions. Under any scenario, we expect government spending to be constrained, especially in the defense market, and we are preparing for the budget pressures. For the long term, our plan to separate SAIC into two highly competitive and differentiated companies is well underway and generating great excitement in the Company. In the near term, we are taking action to reduce our cost structure in response to an increasingly competitive environment. This reduction will impact approximately 700 employees, largely as a result of a restructuring focused on indirect costs. While these decisions are painful, they are necessary to meet competitive demands, customer cost expectations and effectiveness, and to deliver financial performance for our shareholders.”

Summary Results

Revenues for the third quarter of fiscal year 2013 were $2.87 billion, up 3 percent from $2.79 billion in the third quarter of fiscal year 2012. Internal revenues were essentially flat.

Operating income for the quarter was $193 million (6.7 percent of revenue). Operating loss for the prior year quarter of $20 million included a $232 million loss provision relating to the CityTime workforce management contract with the City of New York. The prior year quarter’s operating income excluding the CityTime loss provision was $212 million (7.5 percent of revenue). The reduction in operating income, as adjusted, was primarily attributable to $15 million of expenses incurred in connection with the planned separation transaction and the corporate relocation.

Income from continuing operations for the quarter was $112 million, up from a $92 million loss in the third quarter of fiscal year 2012.

Diluted earnings per share from continuing operations for the quarter were $0.33, up from a loss of $0.28 in the third quarter of fiscal year 2012. The diluted share count for the quarter was 334 million, up 2 percent from 329 million in the third quarter of fiscal year 2012.

Segment Operating Results

Defense Solutions

Defense Solutions revenues for the quarter were $1.183 billion. Excluding the $52 million revenue reduction associated with the prior year CityTime loss provision, Defense Solutions revenue increased $14 million or 1 percent from the third quarter of fiscal 2012. Internal revenue growth was attributable to increased activity on the Vanguard program to operate and maintain the enterprise network IT infrastructure for the U.S. Department of State and the ramp up of a program with the Defense Logistics Agency to provide supply chain management of military land and aircraft tires. These increases were partially offset by reduced revenue from the U.S. Army Brigade Combat Team Modernization (BCTM) program, which was terminated during the third quarter of fiscal year 2012.

Defense Solutions operating income for the quarter was 7.7 percent of revenue compared to 8.5 percent of revenue excluding the CityTime loss provision (-11.9 percent on a GAAP basis) in the third quarter of fiscal year 2012. The reduction in Defense Solutions operating income, as adjusted, was attributable to a prior year gain on the sale of assets.

Health, Energy and Civil Solutions

Health, Energy and Civil Solutions revenues for the quarter increased 2 percent from the third quarter of fiscal year 2012. Internal revenues decreased 4 percent due to declines in various federal civilian programs and program completions with federal health information technology customers. These decreases were partially offset by an increase in healthcare IT consulting services with commercial clients.

Health, Energy and Civil Solutions operating income for the quarter was 9.3 percent of revenue, down from 10.6 percent of revenue in the third quarter of fiscal year 2012. The decline was primarily due to net unfavorable changes in contract estimates, increased bid and proposal costs, increased amortization expense associated with acquired intangible assets, and reduced volume of non-intrusive inspection systems. These decreases were partially offset by reduced research and development expense, which reflected the advancement through the product development lifecycle of new non-intrusive inspection system offerings.

Intelligence and Cybersecurity Solutions

Intelligence and Cybersecurity Solutions revenues for the quarter were down slightly from the third quarter of fiscal year 2012 as increased activity on a geospatial intelligence program and an airborne surveillance program were offset by higher prior year material deliveries on a processing, exploitation and dissemination program.

Intelligence and Cybersecurity Solutions operating income for the quarter was 7.2 percent of revenue, up from 5.7 percent of revenue in the third quarter of fiscal year 2012, primarily due to a $19 million impairment of intangible assets in the prior year partially offset by reduced fee rates due to increased subcontractor and material costs.

Corporate and Other

Corporate and Other segment operating loss for the quarter increased from the third quarter of fiscal year 2012, primarily due to $15 million of expenses incurred in connection with the planned separation transaction and the corporate relocation.

Cash Generation and Capital Deployment

Cash flow provided by operations for the quarter was $295 million, down from $421 million for the third quarter of fiscal year 2012, primarily due to a payroll funding timing difference. Days sales outstanding were 61 days this quarter compared to 71 days in the prior year quarter as a result of accelerated payments from the government.

During the quarter, the Company paid a cash dividend of $0.12 per share. The Company intends to continue paying dividends on a quarterly basis, although the declaration of any future dividends will be determined by the Company’s Board of Directors each quarter and will depend on earnings, financial condition, capital requirements and other factors.

As of October 31, 2012, the Company had $531 million in cash and cash equivalents and $1.3 billion in long-term debt.

New Business Awards

Net business bookings totaled $4.8 billion in the third quarter of fiscal year 2013, representing a book-to-bill ratio of 1.7. Notable awards received during the quarter include:

U.S. Central Command’s (USCENTCOM) Directorate of Command and Control, Communications and Computers. The Company was awarded a task order to provide enterprise information technology services to the USCENTCOM Directorate of Command and Control, Communications and Computers. The cost-plus award-fee task order has a one-year base period of performance, four one-year options, and a total contract value of $433 million, if all options are exercised.

U.S Army Military Intelligence Enterprise. The Company was awarded a prime contract to provide information technology design, implementation and operational sustainment support services to the U.S. Department of the Army G2 Army Military Intelligence Enterprise. The single-award task order has a one-year base period of performance, two one-year options, one six-month option, and a total contract value of approximately $149 million, if all options are exercised. The task order was awarded under the Solutions for the Information Technology Enterprise contract vehicle.

Federal Emergency Management Agency Center for Domestic Preparedness. The Company was awarded a prime contract to provide training delivery services in support of the Center for Domestic Preparedness. The single-award cost-plus award-fee and fixed price contract has a one-year base period of performance, four one-year options, and a total contract value of approximately $52 million, if all options are exercised.

Healthcare IT Awards. Recently the Company highlighted its continued progress in the healthcare IT sector, noting that in the Company’s third quarter of fiscal year 2013 it won contracts totaling approximately $242 million. New contracts and work orders range from implementing electronic health record products and systems for commercial healthcare providers, to a number of new federal programs in health information technology, life sciences, and behavioral health services. This includes over $100 million in contracts from its newly acquired healthcare IT consulting businesses maxIT Healthcare and Vitalize Consulting Solutions.

The Company’s backlog of signed business orders at the end of the third quarter of fiscal year 2013 was $18.6 billion, of which $5.7 billion was funded. As compared to the end of the third quarter of fiscal year 2012, total backlog was flat while funded backlog decreased 8 percent. Negotiated unfunded backlog does not include any estimate of future task orders expected to be awarded under IDIQ, GSA Schedule or other master agreement contract vehicles.

Subsequent Events

Subsequent to the end of the quarter, the Company completed the previously announced sale of its operational test and evaluation services business. The Company also entered into an issue resolution agreement with the Internal Revenue Service with respect to the tax deductible portion of the March 2012 CityTime settlement payment, which will give rise to a $96 million reduction in income tax expense during the fourth quarter of fiscal year 2013. Additionally, the Company implemented a cost-reduction plan which will result in the elimination of approximately 700 positions and an estimated severance charge of approximately $15 million during the fourth quarter of fiscal year 2013, which will benefit the Company’s cost structure at the beginning of the next fiscal year.

Forward Guidance

Based upon its operating and business development performance through the third quarter of the fiscal year and the subsequent events discussed above, the Company is increasing its expectation for fiscal year 2013 diluted earnings per share from continuing operations and cash flows from continuing operations. The Company expects its fiscal year 2013 revenues to be consistent with the forward guidance provided on August 30, 2012. The revised fiscal year 2013 guidance is:

Fiscal year 2013 guidance excludes the impact of potential future acquisitions and other non-ordinary course items.

About SAIC

SAIC is a FORTUNE 500^® scientific, engineering, and technology applications company that uses its deep domain knowledge to solve problems of vital importance to the nation and the world, in national security, energy and the environment, critical infrastructure, and health. The Company’s approximately 40,000 employees serve customers in the U.S. Department of Defense, the intelligence community, the U.S. Department of Homeland Security, other U.S. Government civil agencies and selected commercial markets. Headquartered in McLean, Va., SAIC had annual revenues of approximately $10.6 billion for its fiscal year ended January 31, 2012. For more information, visit www.saic.com. SAIC: From Science to Solutions^®

Forward-Looking Statements

Certain statements in this release contain or are based on “forward-looking” information within the meaning of the Private Securities Litigation Reform Act of 1995. In some cases, you can identify forward-looking statements by words such as “expects,” “intends,” “plans,” “anticipates,” “believes,” “estimates,” “guidance,” and similar words or phrases. Forward-looking statements in this release include, among others, estimates of future revenues, operating income, earnings, earnings per share, charges, backlog, outstanding shares and cash flows, as well as statements about future dividends, share repurchases and acquisitions. These statements reflect our belief and assumptions as to future events that may not prove to be accurate. Actual performance and results may differ materially from the guidance and other forward-looking statements made in this release depending on a variety of factors, including: our ability to declare future dividends based on our earnings, financial condition, capital requirements and other factors, including compliance with applicable law and agreements of the Company; our ability to comply with certain agreements entered into in connection with the CityTime settlement; developments in the U.S. Government defense budget, including budget reductions, implementation of spending cuts (including sequestration) or changes in budgetary priorities, or delays in the U.S. Government budget process; delays in the U.S. Government contract procurement process or the award of contracts and delays or loss of contracts as a result of competitor protests; changes in U.S. Government procurement rules, regulations and practices; our compliance with various U.S. Government and other government procurement rules and regulations; governmental reviews, audits and investigations of our company; our ability to effectively compete and win contracts with the U.S. Government and other customers; our ability to attract, train and retain skilled employees, including our management team, and to obtain security clearances for our employees; our ability to accurately estimate costs associated with our firm-fixed-price and other contracts; cybersecurity, data security or other security threats, systems failures or other disruptions of our business; resolution of legal and other disputes with our customers and others or legal or regulatory compliance issues; our ability to effectively acquire businesses and make investments; our ability to maintain relationships with prime contractors, subcontractors and joint venture partners; our ability to manage performance and other risks related to customer contracts, including complex engineering or design build projects; the failure of our inspection or detection systems to detect threats; the adequacy of our insurance programs designed to protect us from significant product or other liability claims; our ability to manage risks associated with our international business; risks associated with the proposed spin-off of our technical services business, such as disruption to business operations, unanticipated expenses, significant transaction costs and/or unknown liabilities, the timing of the spin-off or a failure to complete the proposed spin-off or realize the expected benefits of the proposed spin-off; and our ability to execute our business plan and long-term management initiatives effectively and to overcome these and other known and unknown risks that we face. These are only some of the factors that may affect the forward-looking statements contained in this release. For further information concerning risks and uncertainties associated with our business, please refer to the filings we make from time to time with the U.S. Securities and Exchange Commission, including the “Risk Factors,” “Management’s Discussion and Analysis of Financial Condition and Results of Operations” and “Legal Proceedings” sections of our latest annual report on Form 10-K and quarterly reports on Form 10-Q, all of which may be viewed or obtained through the Investor Relations section of our web site at www.saic.com.

All information in this release is as of December 5, 2012. The Company expressly disclaims any duty to update the guidance or any other forward-looking statement provided in this release to reflect subsequent events, actual results or changes in the Company’s expectations. The Company also disclaims any duty to comment upon or correct information that may be contained in reports published by investment analysts or others.

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SAIC, INC.

CONDENSED CONSOLIDATED STATEMENTS OF INCOME

(Unaudited, in millions, except per share amounts)

SAIC, INC.

CONDENSED CONSOLIDATED BALANCE SHEETS

(Unaudited, in millions)

SAIC, INC.

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

(Unaudited, in millions)

SAIC, INC.

BACKLOG BY REPORTABLE SEGMENT

(Unaudited, $ in millions)

Backlog represents the estimated amount of future revenues to be recognized under negotiated contracts as work is performed and excludes contract awards which have been protested by competitors. SAIC, Inc. segregates its backlog into two categories: funded backlog and negotiated unfunded backlog. Funded backlog for contracts with government agencies primarily represents contracts for which funding is appropriated less revenues previously recognized on these contracts, and does not include the unfunded portion of contracts where funding is incrementally appropriated or authorized on a quarterly or annual basis by the U.S. Government and other customers, even though the contract may call for performance over a number of years. Funded backlog for contracts with non-government agencies represents the estimated value on contracts, which may cover multiple future years, under which SAIC, Inc. is obligated to perform, less revenues previously recognized on these contracts. Negotiated unfunded backlog represents the estimated amounts of revenues to be earned in the future from (1) negotiated contracts for which funding has not been appropriated or otherwise authorized and (2) unexercised priced contract options. Negotiated unfunded backlog does not include any estimate of future potential task orders expected to be awarded under IDIQ, GSA Schedule, or other master agreement contract vehicles.

The estimated value of backlog as of the dates presented was as follows:

SAIC, INC.

INTERNAL REVENUE GROWTH (CONTRACTION) PERCENTAGE CALCULATIONS (NON-GAAP RECONCILIATION)

(Unaudited, $ in millions)

In this release, SAIC, Inc. refers to internal revenue growth (contraction) percentage, which is a non-GAAP financial measure that is reconciled to the most directly comparable GAAP financial measure. The Company calculates its internal revenue growth (contraction) percentage by comparing reported revenues for the current year period to the revenues for the prior year period adjusted to include the actual revenues of acquired businesses for the comparable prior year period before acquisition. This calculation has the effect of adding revenues for the acquired businesses for the comparable prior year period to the company’s prior year period reported revenues.

SAIC, Inc. uses internal revenue growth (contraction) percentage as an indicator of how successful it is at growing its base business and how successful it is at growing the revenues of the businesses that it acquires. The integration of acquired businesses allows current management to leverage business development capabilities, drive internal resource collaboration, utilize access to markets and qualifications, and refine strategies to realize synergies, which benefits both acquired and existing businesses. As a result, the performance of the combined enterprise post-acquisition is an important measurement. In addition, as a means of rewarding the successful integration and growth of acquired businesses, and not acquisitions themselves, incentive compensation for executives and the broader employee population is based, in part, on achievement of revenue targets linked to internal revenue growth.

The limitation of this non-GAAP financial measure as compared to the most directly comparable GAAP financial measure is that internal revenue growth (contraction) percentage is one of two components of the total revenue growth (contraction) percentage, which is the most directly comparable GAAP financial measure. The company addresses this limitation by presenting the total revenue growth (contraction) percentage next to or near disclosures of internal revenue growth (contraction) percentage. This financial measure is not meant to be considered in isolation or as a substitute for comparable GAAP measures and should be read only in conjunction with SAIC, Inc.’s consolidated financial statements prepared in accordance with GAAP. The method that the Company uses to calculate internal revenue growth (contraction) percentage is not necessarily comparable to similarly titled financial measures presented by other companies.

Internal revenue growth (contraction) percentages for the three and nine months ended October 31, 2012 were calculated as follows:

SAIC, INC.

CONDENSED CONSOLIDATED INCOME STATEMENT EXCLUDING THE CITYTIME LOSS PROVISION

(NON-GAAP RECONCILIATION)

(Unaudited, $ in millions, except per share amounts)

In this release, SAIC, Inc. refers to operating income, operating margin, income from continuing operations and diluted earnings per share (EPS) from continuing operations excluding the CityTime loss provision, which are non-GAAP financial measures. The Company calculates these measures by excluding the CityTime loss provision from operating income, operating margin, income from continuing operations and diluted EPS from continuing operations, the most directly comparable GAAP financial measures.

The Company uses these non-GAAP financial measures to provide investors with visibility to how its business performed excluding the CityTime loss provision. The limitation of these non-GAAP financial measures as compared to the most directly comparable GAAP financial measures is that the Company has recorded the CityTime loss provision which is not reflected in these non-GAAP financial measures. The Company addresses this limitation by presenting this reconciliation to the most directly comparable GAAP financial measures. These financial measures are not meant to be considered in isolation or as a substitute for comparable GAAP financial measures and should be read only in connection with the Company’s consolidated financial statements prepared in accordance with GAAP.