Leidos Awarded SOCOM Tactical Airborne Multi-Sensor Platforms (STAMP) Follow-On Operational and Support Contract for Program Manager Sensors - Aerial Intelligence (PM SAI)

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Aug 10, 2020, 08:00 ET

RESTON, Va., Aug. 10, 2020 /PRNewswire/ -- Leidos (NYSE:LDOS), a FORTUNE^® 500 science and technology leader, has been awarded a task order by Army Contracting Command - Aberdeen Proving Ground (ACC-APG) under the Responsive Strategic Sourcing for Services (RS3) indefinite delivery/indefinite quantity (IDIQ) contract. It has a total value of $649 million and includes a one-year base period of performance followed by four one-year option periods. Work will be performed in various locations both within the Contiguous United States (CONUS) and Outside the Contiguous United States (OCONUS).

"We have assembled a proven, best-of-breed team who are deeply committed to the success of the STAMP mission," said Gerry Fasano, Leidos Defense Group president. "We are proud to support the SOCOM community with tactical ISR operations, system integration, and sustainment for commercial derivative aircraft for the Special Operations Command."

Through this contract Leidos will provide pilot services, airborne sensor operators, hub and spoke operations/excursion support, staffing for the Intelligence Coordination Center, system training, logistics, aircraft and primary mission equipment maintenance and integration, configuration management and engineering support services in support of the program's DHC- 8 and King Air 300 aircraft.

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 37,000 employees support vital missions for government and commercial customers. Headquartered in Reston, Va., Leidos reported annual revenues of approximately $11.09 billion for the fiscal year ended January 3, 2020. 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. Such statements include contract valuation assuming the exercise of all options. 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 3, 2020, 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.