QTC Management Awarded Prime Contract by Department of Labor

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Jul 13, 2017, 06:45 ET

DIAMOND BAR, Calif., July 13, 2017 /PRNewswire/ -- QTC Management, a Leidos company (NYSE:LDOS), has been awarded a prime contract by the U.S. Department of Labor (DOL) to continue to provide Contract Medical Consultants (CMCs) to support the DOL Division of Energy Employees Occupation Illness Compensation (DEEOIC) within the Office of Workers' Compensation Programs (OWCP).The single-award indefinite-delivery/indefinite-quantity firm fixed-price contract has a one-year base period of performance, four one-year options, and a total contract value of approximately $15 million if the Department exercises all options. Work will be performed in Diamond Bar, California.

The mission of the DEEOIC of DOL OWCP is to provide occupational illness benefits authorized by the Energy Employees Occupational Illness Compensation Program Act (EEOICPA). DEEOIC is responsible for adjudicating and administering claims filed by Department of Energy current and former federal and contract employees or certain qualified survivors under the Act. Under the follow-on contract, QTC continues to recruit qualified physicians to serve as CMCs. The company is also working to maintain the high quality of medical review outcomes by its CMCs with quality-control measures including case screening, internal auditing, and workload analysis.

"We look forward to continuing to provide quality, timely, and cost-effective solutions that enable the DOL OWCP to achieve mission success. Our team and CMC physicians will continue to expeditiously deliver the services required by DEEOIC to assist the claims examiners to adjudicate and manage claims," said QTC President Grant Kim.

About QTC Management
QTC Management, Inc., acquired by Leidos in 2016, partners with each customer to identify existing and forecasted program needs and delivers a full complement of disability-focused medical examination and diagnostic testing services. Since 2000, QTC has provided more than 4.5 million physical examinations and diagnostic tests.

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.