Leidos Awarded Contract to Support Army Aircraft Worldwide

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Mar 19, 2019, 16:30 ET

RESTON, Va., March 19, 2019 /PRNewswire/ -- Leidos (NYSE: LDOS), a FORTUNE^® 500 science and technology leader, has been awarded a contract by the U.S. Army Contracting Command-Redstone to provide aircraft logistics and maintenance in theaters of operations. The multiple award, indefinite delivery/indefinite quantity, firm-fixed-price contract has a five-year base period of performance, one five-year option ordering period, and a total potential value of $25.5 billion. Work will be primarily be performed in Afghanistan and Greece in support of U.S. Army operations.

Under the Worldwide Logistics Support Services – Contractor Logistics Support contract, Leidos will provide services that support rotary-wing and fixed-wing aircraft across the globe for the U.S. Army's Multi-National Aviation Special Project Office. Support services include sustainment engineering, supply support, maintenance planning and management; furnishing or maintaining support equipment, aircraft modifications; manpower and personnel; facilities and infrastructure; packaging, handling, storage, and transportation.

"Our company is a recognized leader in operations and logistics with a history of working on complex programs that support military missions worldwide," said Senior Vice President Kevin Lansdowne, Leidos Airborne Solutions. "We look forward to providing superior services that help the Army rapidly respond to the evolving needs of warfighters."

About Leidos
Leidos is a Fortune 500^® information technology, engineering, and science 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 $10.19 billion for the fiscal year ended December 28, 2018. 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 December 28, 2018, 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.