Leidos Awarded $46 Million Task Order By Defense Threat Reduction Agency

Company to Develop Technology to Combat Weapons of Mass Destruction

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May 21, 2014, 07:50 ET

RESTON, Va., May 21, 2014 /PRNewswire/ -- Leidos (NYSE: LDOS), a national security, health and engineering solutions company, was awarded a task order by the Defense Threat Reduction Agency (DTRA) to develop modeling methodology and technology to combat weapons of mass destruction (WMD). The multiple-award cost-plus fixed-fee task order has a two-year base period of performance with up to three additional years in options. The total task order value awarded is approximately $46 million if all options are exercised. The task order was awarded under the Target Assessment Technologies Office.

The DTRA provides the Department of Defense's core intellectual, technical and operational support expertise for countering threats posed by weapons of mass destruction and high-yield explosives. Under the contract, Leidos will develop, apply and transition technologies to find, characterize and assess WMD and HDBTs (Hard & Deeply Buried Targets) in support of the combatant commands. Work will include the development and integration of sensor mission planning tools, the development of analytical methodologies, models and tools for characterizing and assessing HDBTs and WMD targets, the development of methodologies and tools for assessing facility vulnerabilities and other technical work related to characterization and assessment of foreign WMD and HDBT development.

"Leidos is proud to develop, apply and transition innovative technologies in support of the Defense Threat Reduction Agency's mission to counter the proliferation of weapons of mass destruction," said Leidos Group President, John Fratamico.

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 22,000 employees support vital missions for our government and the commercial sector, develop innovative solutions to drive better outcomes and defend our Nation's digital and physical infrastructure from 'new world' threats. Headquartered in Reston, Va., Leidos reported annual revenues of approximately $5.77 billion for its fiscal year ended January 31, 2014 after giving effect to the spin-off of the company's technical services and information technology business. 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 31, 2014, 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.