Department of Energy Awards Leidos Prime Contract

RESTON, Va., Nov. 7, 2016 /PRNewswire/ -- Leidos (NYSE: LDOS), a global science and technology company, was awarded a prime contract by the Department of Energy (DOE) to provide program management, technical expertise, and survey operations support to the Energy Information Administration (EIA). The multiple-award indefinite-delivery/indefinite-quantity contract has a five-year base period of performance and a total contract ceiling of $285 million for all awardees. Leidos is one of eight contractors eligible to compete for task orders under the contract.

The DOE EIA is responsible for collecting, analyzing, and disseminating energy information to promote sound policymaking, efficient markets, and public understanding of energy and its interaction with the economy and the environment. Under the contract, Leidos will provide program management, survey support, energy analysis and modeling, and organizational support. Leidos technical support will assist the EIA with development of their Short-Term Energy Outlook, Annual Energy Outlook, and Annual International Energy Outlook, among other products.

"Leidos has been a continuous partner to EIA for more than 30 years, and we look forward to continuing to provide critical technical support to EIA for ongoing improvement of their survey, analysis, and modeling technology needs," said Laura Obloy, Leidos Operations Manager.

About Leidos
Leidos is a global science and technology solutions leader working to solve the world's toughest challenges in the defense, intelligence, homeland security, civil, and health markets. The company's 33,000 employees support vital missions for government and commercial customers. Headquartered in Reston, Virginia, Leidos reported pro forma annual revenues of approximately $10 billion for the fiscal year ended Jan. 1, 2016 after giving effect to the recently completed combination of Leidos with Lockheed Martin's Information Systems & Global Solutions business (IS&GS). 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 1, 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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