Leidos to Support Department of Homeland Security via Prime Contract to Operate its NextGen Security Operations Center

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Apr 04, 2017, 16:15 ET

RESTON, Va., April 4, 2017 /PRNewswire/ -- Leidos (NYSE: LDOS), a global science and technology company, today announced it will support the Department of Homeland Security by providing comprehensive cybersecurity and threat mitigation services to operate the NextGen Security Operations Center. The single-award indefinite-delivery/indefinite-quantity contract has a one-year base period of performance, six one-year options, and a total contract value of $395 million if all options are exercised. The contract was originally awarded to Lockheed Martin's Information Systems & Global Solutions (IS&GS) business. Leidos merged with IS&GS in a Reverse Morris Trust transaction that was completed on August 16, 2016. Work will be performed primarily in Washington, D.C.

The award builds on Leidos' proven cybersecurity and large-scale IT transformation solutions. This program will enable DHS to further enhance its proactive cyber intelligence operations center by leveraging Leidos' advanced cyber methodologies and capabilities.

"Given the DHS mission, its network is a critical part of the U.S. national security infrastructure. This program will help DHS address the adaptive nature of cyber threats in order to thwart future attacks," said Leidos Civil Group President, Angie Heise. "This contract award extends Leidos' broad cybersecurity portfolio, and is evidence that our detection, protection, and risk mitigation technologies are trusted solutions for U.S. government agencies."

About Leidos

Leidos is a global science and technology 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 $7.04 billion for the fiscal year ended December 30, 2016. 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 30, 2016, 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.