RESTON,
Va., Dec. 19, 2024 /PRNewswire/ --
Leidos (NYSE: LDOS) today announced a new contract to provide
critical engineering and sustainment services for Foreign Military
Sales (FMS) customers of the U.S. Air Force's F-16 Fighting Falcon.
The contract was awarded by the Air Force Life Cycle Management
Center, supporting the F-16 System Program Office. The single
award, indefinite delivery, indefinite quantity contract has a
maximum value of $987 million and
10-year period of performance.
"We leveraged our corporate investments in AI and predictive
analytics to provide our customer with a data-informed platform to
increase efficiency, visibility and accountability," said Roy
Stevens, Leidos National Security Sector president. "This win
underlines Leidos' commitment to supporting the U.S. Air Force and
our allies ensuring high resilience and interoperability."
Under the contract, Leidos will provide post-production support
through critical engineering and sustainment services necessary for
the continued operation and improvement of the F-16 weapon system.
Leidos' Web Based Management System will enable the customer to
maintain real-time visibility of repair asset tracking status for
the repair and return lifecycle. Leidos' technology is designed to
enhance the customer's repair and return process, improve
engineering and technical support resolution, and help reduce
diminishing manufacturing sources and material shortages.
The F-16 has been procured by over 25 nations around the world,
supporting a global fleet size of approximately 2,200 active
aircraft.
The appearance of U.S. Department of Defense (DoD) visual
information does not imply or constitute DoD endorsement.
About Leidos
Leidos is an industry and technology leader serving government
and commercial customers with smarter, more efficient digital and
mission innovations. Headquartered in Reston, Virginia, with 48,000 global
employees, Leidos reported annual revenues of approximately
$15.4 billion for the fiscal year
ended December 29, 2023. 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 29, 2023, 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:
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Alyssa
Pettus
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(571)
526-6743
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alyssa.t.pettus@leidos.com
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Greg Hellman
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(571)
526-7592
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Greg.hellman@leidos.com
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SOURCE Leidos Holdings, Inc.