Leidos Awarded Up to $442M to support transportation security equipment

RESTON, Va., Nov. 12, 2013 /PRNewswire/ -- Leidos (NYSE: LDOS) , a national security, health and engineering solutions company, announced it was awarded a prime contract by the Transportation Security Administration (TSA) to sustain Government Transportation Security Equipment, which account for more than 11,250 pieces of passenger screening equipment. The single-award, fixed price contract has a four-month base period of performance, four one-year options, and a total contract value of approximately $442 million if the options are exercised. The contract was awarded under the TSA Integrated Logistics Support program. Work will be performed at 448 airports and other government designed facilities throughout the United States and its territories.  

TSA secures the nation's transportation systems to ensure the freedom of movement for people and commerce. Under the contract, among the services include preventative, corrective and depot maintenance; integrated logistics support; IT infrastructure development and maintenance; management of the TSA Service Response Center and support to the Security Technology Integrated Program.

"Leidos is proud to be selected to provide critical logistics support to the Transportation Security Administration for a program of national importance, helping to secure the homeland and protect our nation's transportation infrastructure," said Larry Hill, Leidos group general manager.

The company, formerly named Science Applications International Corporation, changed its name to Leidos, Inc. on September 27, 2013 in connection with the spin-off of its former technical, engineering and enterprise information technology business, which has assumed the company's former name.  Leidos has submitted a change-of-name agreement to the U.S. government to recognize the name change, which is currently under review by the responsible Defense Contract Management Agency contracting officer.

About Leidos

Leidos is a science and technology solutions leader working to address challenges facing national security, health, and engineering. The Company's approximately 23,000 employees support vital missions for our government and the commercial sector, enabling innovative solutions to drive better outcomes, defend our nation and protect digital and physical infrastructure from 'new world' threats. Headquartered in Reston, Va. and with employees worldwide, Leidos reports $6 billion in revenues for fiscal year 2013 on a pro forma basis following the spin-off of the company's technical, engineering and enterprise information technology business on September 27, 2013. 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 Leidos' Annual Report on Form 10-K for the period ended January 31, 2013, 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.

SOURCE Leidos

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