No doubt, SAIC Inc. (NYSE: SAI) had a stunning IPO last week. The stock increased from $15 to $18.18 per share and traded about 50 million shares.
Founded 37 years ago, SAIC helps governments solve tough problems such as building technologies for unmanned planes or designing new battlefield networks.
In fact, governments outsource billions of dollars in research projects to SAIC. So, what are some of the things the company is working on?
Well, you can find out from the company's IPO filing:
Advanced Robotics. These are individual robots as well as unmanned vehicles. For example, an unmanned vehicle uses geospatial intelligence to basically get to where it needs to go (and, yes, defeat our enemies). One application: "these robots may be used to search and map terrorist-occupied or earthquake-damaged buildings, as well as track intruders."
Wireless Sensors. These are very small wireless sensors called Smart Dust. They basically self-configure according to changes in the environment. Application: "help the U.S. military improve situational awareness, reconnaissance, surveillance and target acquisition capabilities in urban areas."
Biopharmaceutical and Medical Research. SAIC is developing nanotechnology technologies to treat cancer, as well as come up with vaccines for HIV, anthrax and malaria. The goal is to establish a huge database called the Biomedical Informatics Grid, which will allow research among 600 experts from over 50 cancer centers.
Tom Taulli is the author of various books, including the Complete M&A Handbook and operates InvestorOffering.com.