LDOS Leidos Holdings Inc

RESTON, Va., April 19, 2017 /PRNewswire/ -- Leidos (NYSE: LDOS), a global science and technology company, was awarded a prime contract by the U.S. Army to provide Tactical Unmanned Aircraft Systems (TUAS) technical services and field support. The multiple-award indefinite-delivery/indefinite-quantity contract has a three-year base period of performance, two one-year options, and a total contract value of $900 million for all awardees. Leidos is one of three contractors eligible to compete for work under the contract.

The U.S. Department of Defense (DoD) employs TUAS across all echelons to support tactical, operational, and strategic operations. Under the contract, Leidos will provide worldwide technical services and field support of TUAS, Universal Ground Control Stations, and Universal Ground Data Terminals including non-repetitive development, integration, investigation, inspection, analysis and corrective action, testing, and evaluation efforts. The work will enable the U.S. Army to identify and rapidly integrate cutting-edge technologies and capabilities to deliver capability to U.S. Armed Forces and its allies, reduce command stress on U.S. Armed Forces by relieving them of several operational requirements, and decrease the number of military personnel the DoD must deploy and sustain overseas.

"Leidos' expertise and success in integrating difficult aviation technical solutions, as well as our sustained excellence in delivering product and field support in austere overseas environments, enables us to support the U.S. Army in their mission to employ Tactical Unmanned Aircraft Systems in support of our warfighters," said Leidos President of Defense & Intelligence Tim Reardon. 

About Leidos

Leidos is a global science and technology solutions and services leader working to solve the world's toughest challenges in the defense, intelligence, homeland security, civil, and health markets. The company's 32,000 employees support vital missions for government and commercial customers. Headquartered in Reston, Virginia, Leidos reported annual revenues of approximately $7.04 billion for the fiscal year ended December 30, 2016. For more information, visit www.Leidos.com.

Statements in this announcement, other than historical data and information, constitute forward-looking statements that involve risks and uncertainties. A number of factors could cause our actual results, performance, achievements, or industry results to be very different from the results, performance, or achievements expressed or implied by such forward-looking statements. Some of these factors include, but are not limited to, the risk factors set forth in the company's Annual Report on Form 10-K for the period ended December 30, 2016, and other such filings that Leidos makes with the SEC from time to time. Due to such uncertainties and risks, readers are cautioned not to place undue reliance on such forward-looking statements, which speak only as of the date hereof.

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SOURCE Leidos