Leidos Awarded Contract by Defense Advanced Research Projects Agency

Solutions Company to Provide Research and Development in Support of the Transformational Reliable Acoustic Path System

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Oct 01, 2014, 07:50 ET

RESTON, Va., Oct. 1, 2014 /PRNewswire/ -- Leidos (NYSE: LDOS), a national security, health and engineering solutions company, was awarded a prime contract by the Defense Advanced Research Projects Agency (DARPA) to provide research and development along with production of an initial fixed number of new deep ocean sensors. This award, with a two-year period of performance valued at approximately $14 million, is the fourth phase of a cost-plus-fixed-fee contract. DARPA awarded the contract under its Distributed Agile Submarine Hunter (DASH) program to Leidos's Maritime Operations Division for the agency's Transformational Reliable Acoustic Path System (TRAPS).

DARPA is a Department of Defense agency whose mission is to create breakthrough technologies for national security. Leidos will implement procedures for the manufacturing of TRAPS nodes so that the Navy can utilize these systems without modification after Phase 4 to support a broad range of acoustic surveillance missions. TRAPS offers major benefits to the Navy's Distributed Network System (DNS) forward deployed acoustic surveillance mission. TRAPS gives operational mobility through rapid deployment of a battery-operated system, which has been demonstrated through multiple sea tests in operationally-relevant areas.

"Leidos is proud to support the Navy's mission of acoustic surveillance. TRAPS integrates unique Leidos insights into deep ocean sound propagation, innovative new sensor technologies and advanced signal processing approaches to provide the Navy with a flexible, cost-effective and high-performance system," said Leidos Group President John Fratamico.

About Leidos

Leidos is a FORTUNE 500® science and technology solutions leader working to address some of the world's toughest challenges in national security, health and engineering. The Company's 21,000 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, Virginia, 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.