NaVOBA Names Leidos One Of The Best Corporations For Veteran-Owned Small Businesses In 2014

Solutions Company Honored for Outstanding Work with Veteran and Service-Disabled Veteran-Owned Small Businesses

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Apr 02, 2014, 04:05 ET

RESTON, Va., April 2, 2014 /PRNewswire/ -- Leidos [NYSE: LDOS], a national security, health and engineering solutions company, has been named as one of the Best Corporations for Veteran Owned Businesses for 2014 by the National Veteran-Owned Business Association and Vetrepreneur magazine. The list honors 25 companies that most successfully engage the nation's three million veteran-owned business (VOBs) as suppliers.

Leidos has been recognized as a leader of working with small businesses, not just veteran-owned small businesses. The company has been recognized by the Small Business Administration, Department of Defense (DoD), Department of Homeland Security, and Veterans Affairs for its overall performance and efforts in working with small businesses. Select awards include the SBA Dwight D. Eisenhower Award for excellence in working with small businesses, and the DoD Nunn-Perry Award for mentor-protege excellence.

"We strongly believe veteran-owned businesses bring the needed capabilities and technical know-how to enable Leidos to better serve our customers," said John Thomas, Leidos chief strategic officer. "Teaming with these companies and combining our collective experience is the key to innovation. We are incredibly proud to be recognized for our commitment to veterans-owned businesses."

NaVOBA unites current and future VOBs by acting as the national voice for the veteran business community. One out of every seven businesses in the United States is owned by a veteran, according to the association, which works to encourage corporate America and the government to consider using VOBs as preferred vendors.

About Leidos
Leidos is a science and technology solutions leader working to address some of the world's toughest challenges in national security, health, and engineering. The Company's 22,000 employees support vital missions for our government and the commercial sector, develop innovative solutions to drive better outcomes, and defend our Nation's digital and physical infrastructure from 'new world' threats. Headquartered in Reston, Va., Leidos had annual revenues of approximately $5.77 billion for its fiscal year ended January 31, 2014, following the spin-off of the company's technical services and information technology business. 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 31, 2014, 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.