Leidos Awarded Army Contract For Software Modernization

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Jul 18, 2017, 06:45 ET

RESTON, Va., July 18, 2017 /PRNewswire/ -- Leidos (NYSE: LDOS), a FORTUNE 500^® science and technology company, was awarded a prime contract by the U.S. Army to provide systems engineering, software development and integration on the Advanced Field Artillery Tactical Data System (AFATDS). This single-award, cost-plus incentive-fee contract has a three-year base period of performance and one two-year option. If all options are exercised, the contract is valued at more than $102 million.

The Advanced Field Artillery Tactical Data System (AFATDS) provides critical artillery systems fires command and control capability for the U.S. Army and Marine Corps.

Under this contract, Leidos will modernize AFATDS to improve functionality, support a more intuitive user software interface, enable more simplistic user training, and enable migration of AFATDS software into the Army's software Common Operating Environment - an initiative that is transitioning standalone warfighting software capabilities as integrated software applications. These efforts will result in a more robust system with vastly improved user functionality in both training and combat.

"This important win enables us to leverage our proven Leidos Enterprise Application Framework to modernize AFATDS," said Mike Chagnon, president of the Leidos Advanced Solutions Group. "Leidos is committed to serving the U.S. Army by making this mission-critical system easier to use and less costly to sustain."

About Leidos

Leidos is a FORTUNE 500^® science and technology solutions and services leader working to solve the world's toughest challenges in the defense, intelligence, homeland security, civil, and health markets. The company's 32,000 employees support vital missions for government and commercial customers. Headquartered in Reston, Virginia, Leidos reported annual revenues of approximately $7.04 billion for the fiscal year ended December 30, 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 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.