Leidos Awarded Contract by General Services Administration

Solutions Company to Provide Multiple Professional Services

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Aug 13, 2014, 04:05 ET

RESTON, Va., Aug. 13, 2014 /PRNewswire/ -- Leidos (NYSE: LDOS), a national security, health and engineering solutions company, was awarded the One Acquisition Solution for Integrated Services (OASIS) prime contract by the General Services Administration (GSA) to provide a full range of professional services. The multiple award, indefinite-delivery/indefinite-quantity contract has a five-year base period of performance, and one five-year option. There is no dollar ceiling limit on this flexible contract vehicle. Leidos is one of 74 awardees eligible to compete for task orders under the contract.

OASIS is part of a family of contracts along with OASIS Small Business (SB), a 100-percent small business set-aside contract. OASIS was developed in response to the government's substantial need for a hybrid, government-wide acquisition vehicle that provides a streamlined solution for both commercial and non-commercial requirements for professional services.

The core disciplines of the contract services include program management, management consulting, logistics, engineering, scientific, and financial. Leidos received awards in all six contract pools. These contracts span many areas of expertise and mission spaces; span multiple professional service disciplines; contain significant IT components; provides support for commercial and non-commercial requirements; allows flexibility for all contract types, including hybrids and cost-reimbursement, at the task order level; and allows ancillary support components, commonly referred to as Other Direct Costs, at the task order level.

"The GSA OASIS award will allow for dynamic growth within the security, engineering, and health solutions marketplaces. This vehicle provides our customers with a quick way to meet their professional solutions mission requirements and provides Leidos with a key contract vehicle to perform in our core markets," said Leidos Nationals Security Sector President Lou Von Thaer.

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 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.