Defense Intelligence Agency Awards Leidos Prime Contract

Company to Provide Enhanced Solutions for Information Technology Requirements

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Oct 06, 2015, 04:15 ET

RESTON, Va., Oct. 6, 2015 /PRNewswire/ -- Leidos (NYSE: LDOS), a national security, health and engineering solutions company, was awarded a prime contract by the U.S. Defense Intelligence Agency (DIA) to provide enhanced solutions for information technology (IT) requirements. The multiple-award indefinite-delivery/indefinite-quantity has a one-year base period of performance, four one-year options, and a total contract value of $6 billion for all awardees, if all options are exercised. Leidos is one of 25 large businesses eligible to compete for task orders under the contract. Work will be performed in Springfield, Va. and at DIA locations worldwide.

The DIA provides military intelligence to warfighters, defense policymakers and force planners in the Department of Defense and the Intelligence Community in support of U.S. military planning, operations and weapon systems acquisition. Under the contract, Leidos will provide worldwide coverage for IT requirements and technical services supporting the government through system design, development, fielding and sustainment of global intelligence and command and control (C2) assets vital to the security of the United States. Leidos will focus on improving integration, information sharing, gaining efficiencies and information safeguarding through a common IT approach.

"This E-Site contract will build upon our successful SITE contract performance. We look forward to maintaining our current worldwide coverage of IT requirements and technical support services for the government by continuing to provide innovative, adaptive and secure services and capabilities in support of the DIA and the intelligence community," said Leidos Group President, Sam Gordy.

About Leidos

Leidos is a science and technology solutions leader working to address some of the world's toughest challenges in national security, health and engineering. The Company's 19,000 employees support vital missions for government and the commercial sector, develop innovative solutions to drive better outcomes and defend our digital and physical infrastructure from 'new world' threats. Headquartered in Reston, Virginia, Leidos reported annual revenues of approximately $5.06 billion for its fiscal year ended January 30, 2015. 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 January 30, 2015, 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.