LDOS Leidos Holdings Inc

RESTON, Va., Aug. 31, 2017 /PRNewswire/ -- Leidos (NYSE: LDOS), a FORTUNE 500^® science and technology company, was awarded a prime contract by the Naval Surface Warfare Center Carderock Division (NSWCCD) for tactical signature guidance support services. This cost-plus fixed-fee contract has a one-year base with four one-year options, and a total contract value of approximately $31.4 million if all options are exercised. Work will primarily be performed in Bethesda, Md.

Under this contract, Leidos will provide scientific, engineering, technical, and program management services in support of signature guidance and tactical decision aids for naval ships, submarines, air, and shore-based undersea systems. This includes associated software and system development, updates, integration and testing. With more than 20 years of direct tactical signature guidance support, the company's experienced team will rely on their technical excellence and cooperative management to achieve the Navy's goals.

"This win emphasizes our commitment to supporting NSWC Carderock in the performance of its vital missions," said Leidos Group President Mike Chagnon. "Through our efforts on key Navy contracts, such as the Signature Trainer Support contract, Leidos is well-versed in the software and technical requirements of this program."

About Leidos

Leidos is a Fortune 500^® 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