Leidos Awarded Contract By Defense Logistics Agency Energy

Solutions Company to Provide Software Maintenance and Development Support

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Dec 01, 2014, 07:50 ET

RESTON, Va., Dec. 1, 2014 /PRNewswire/ -- Leidos (NYSE: LDOS), a national security, health and engineering solutions company, was awarded a prime contract by the Defense Logistics Agency (DLA) – Energy to provide FuelsManager® Software Maintenance and Development Support. The single-award, firm-fixed-price contract has a seven-month base period of performance, four one-year options and a total contract value of approximately $38 million, if all options are exercised. Work was awarded under the FuelsManager® Defense Software Maintenance & Support contract. Varec Inc., a wholly-owned subsidiary of Leidos, will perform work at various Department of Defense facilities around the globe.

DLA Energy provides the Department of Defense and other government agencies with comprehensive energy solutions. Under the contract, Leidos will provide services which include project oversight, operational support for applications, software maintenance and development support. In addition, the contract includes sustainment of the accredited Base–Level Support Application FuelsManager® Defense, FuelsManager® Defense – Express and FuelsManager® Defense Enterprise software to correct existing processes and to assist with continued interface sustainment between Business Systems Modernization – Energy and eConvergence.

"Leidos is proud to support DLA Energy fuel operations mission at over 600 military installations worldwide. The contract supports development for changing operational and security needs, as well as sustainment efforts of all base level issues using Varec's FuelsManager® Defense for the Enterprise Business Systems Deployments," said Leidos Group President, Mary Craft.

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, 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.