Defense contractor elects a Frist to board

$10B company counting on health care contributions

Email | Print By NashvillePost.com People Dept.

10-05-2009 3:47 PM — A large defense contractor today said it has elected Thomas F. Frist III to its board of directors.

Frist, the oldest son of HCA co-founder Tommy Frist Jr., has been a principal of the family-run investment company Frist Capital since 1998. He has served on the board of directors of HCA since 2006. In the seven years prior, he was a director of Triad Hospitals Inc.

"Tommy Frist's background in business and the healthcare industry will be a valuable asset to SAIC and we are honored to welcome him to the board," said Ken Dahlberg, SAIC executive chairman of the board.

SAIC (Ticker: SAI) rang up a first-half profit of $239 million on $5.4 billion in revenues. Those numbers were up 13 percent and 10 percent, respectively. The 40-year-old company provides scientific, engineering and IT services to a number of branches of the military, which accounts for 95 percent of its sales.