Leidos Wins Prime Contract With Department of Homeland Security

Company to Provide Technology and Equipment Maintenance Support to Customs and Border Protection

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Oct 20, 2016, 04:15 ET

RESTON, Va., Oct. 20, 2016 /PRNewswire/ -- Leidos (NYSE: LDOS), a global science and technology solutions company, was awarded a prime contract by the U.S. Department of Homeland Security (DHS), Customs and Border Protection (CBP), to provide systems administration and maintenance services for X-ray and imaging technology. This hybrid firm fixed-price time and materials contract has a one-year base period of performance, and includes four one-year options. If all options are exercised, the contract carries a total value of approximately $155 million.

Under this award, Leidos will help the CBP's efforts in securing the Nation's borders, by providing post-warranty support for fielded technology. This includes Non-Intrusive Inspection (NII) gamma imaging and X-ray equipment like Leidos' VACIS inspection systems, Radiation Portal Monitors (RPM), and Radiation Isotope Identification Devices (RIID). Through the company's maintenance and support efforts, the CBP will be able to better maintain operational readiness and ensure the equipment is functioning appropriately.

"We are pleased to continue our support of the CBP mission by providing critical administration and maintenance services," said Tim Reardon, President of Leidos Intelligence and Homeland Security. "Through our efforts, the CBP will be better able to secure land border crossings, airports, seaports, and rail crossings within the United States and abroad."

About Leidos

Leidos is a global science and technology solutions leader working to solve the world's toughest challenges in the defense, intelligence, homeland security, civil, and health markets. The company's 33,000 employees support vital missions for government and commercial customers. Headquartered in Reston, Virginia, Leidos reported pro forma annual revenues of approximately $10 billion for the fiscal year ended Jan. 1, 2016 after giving effect to the recently completed combination of Leidos with Lockheed Martin's Information Systems & Global Solutions business (IS&GS). 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 30, 2015, 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.