Department of Veterans Affairs Awards Leidos Prime Contract

Company to Provide Technical Solutions under the Transformation Twenty-One Total Technology Next Generation (T4NG) Program

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Leidos

Jul 19, 2016, 06:50 ET

RESTON, Va., July 19, 2016 /PRNewswire/ -- Leidos (NYSE: LDOS), a health, national security, and infrastructure solutions company, was awarded a prime contract by the Department of Veterans Affairs (VA) to provide technical solutions under the VA Transformation Twenty-One Total Technology Next Generation (T4NG) program. The multiple-award indefinite-delivery/indefinite-quantity contract has a five-year base period of performance, one five-year option period, and a total contract value of approximately $22 billion for all awardees, if the option is exercised. Leidos is one of 24 contractors eligible to compete for work under the contract.

The T4NG contract supports the Department's MyVA transformation effort, improving the way VA serves Veterans. Under the contract Leidos will provide information technology services; project management; strategy/planning; systems/software engineering; enterprise network engineering; cybersecurity; and other IT- and health-IT related technical support.

"Leidos has had the privilege of providing information technology solutions to the Department of Veterans Affairs for the last 5 years under the T4 contract, and we are proud to continue that service under the T4NG program," said Leidos Health and Infrastructure Group President, Jon Scholl.

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 infrastructure. The Company's 18,000 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 $5.09 billion for the twelve months ended January 1, 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 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.