RESTON,
Va., Oct. 12, 2022 /PRNewswire/ -- Leidos
(NYSE: LDOS), a FORTUNE® 500 science and technology leader, was
recently awarded a prime task order to support the Department of
Defense.
The task order holds a ceiling value of approximately
$1.5 billion if all options are
exercised. It includes a one-year base period of performance with
four additional one-year option periods. Work will be performed
worldwide.
"In today's battlefield, the command who has actionable multi
and cross domain data fastest is the one with the high ground,"
said Gerry Fasano, Leidos Defense
Group President. "Leidos has finely tuned our portfolio of
expertise and developed a dynamic enterprise suite of C5ISR
solutions, including Joint All-Domain Command and Control (JADC2)
tools to ensure our warfighters exploit state-of-the-art technology
to maintain their decisive advantage and enable joint synergy for
operational superiority. We are honored to support this critical
mission, providing readiness against evolving global threats."
Through this contract, Leidos will utilize Command, Control,
Computers, Communications, Cyber, Intelligence, Surveillance and
Reconnaissance (C5ISR) capabilities to enhance technological
innovation with a focus on rapid insertion of technologies across
the mission spectrum, for multiple services, and integrating new
technology with existing and legacy systems for enhanced
effectiveness.
Leidos will support the government with rapid technology
insertion to enhance C5ISR missions at global scale. This award
enables Leidos to expand upon its extensive C5ISR support to the
warfighter as well as deliver a critical capability towards
improved warfighter support.
About Leidos
Leidos is a Fortune 500® technology, engineering, and science
solutions and services leader working to solve the world's toughest
challenges in the defense, intelligence, civil and health markets.
Leidos' 44,000 employees support vital missions for government and
commercial customers. Headquartered in Reston, Va., Leidos reported annual revenues
of approximately $13.7 billion for
the fiscal year ended December 31,
2021. For more information, visit www.leidos.com.
Certain statements in this announcement constitute
"forward-looking statements" within the meaning of the rules and
regulations of the U.S. Securities and Exchange Commission (SEC).
These statements are based on management's current beliefs and
expectations and are subject to significant risks and
uncertainties. These statements are not guarantees of future
results or occurrences. A number of factors could cause our actual
results, performance, achievements, or industry results to be
different from the results, performance, or achievements expressed
or implied by such forward-looking statements. These factors
include, but are not limited to, the "Risk Factors" set forth in
Leidos' Annual Report on Form 10-K for the fiscal year ended
December 31, 2021, and other such
filings that Leidos makes with the SEC from time to time. Readers
are cautioned not to place undue reliance on such forward-looking
statements, which speak only as of the date hereof. Leidos does not
undertake to update forward-looking statements to reflect the
impact of circumstances or events that arise after the date the
forward-looking statements were made.
Contact:
Melissa Dueñas
(571) 526-6850
Melissa.L.Duenas@leidos.com
Thomas Doheny
(571) 474-4735
Dohenyt@leidos.com
Brandon VerVelde
(571) 526-6257
Brandon.p.vervelde@leidos.com
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SOURCE Leidos Holdings, Inc.