U.S. Army Awards Leidos Contract To Support Vital Airborne ISR Needs

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Nov 24, 2015, 06:45 ET

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RESTON, Va., Nov. 24, 2015 /PRNewswire/ -- Leidos (NYSE: LDOS), a national security, health and engineering solutions company, was awarded a prime contract by the U.S. Army to design, produce, integrate and test for the Airborne Reconnaissance Low-Enhanced (ARL-E) program of record. The single-award indefinite-delivery/indefinite-quantity (IDIQ) contract has a five-year period of performance and a total ceiling value of $661.8 million. The ARL-E is a manned multi-INT airborne platform that provides a persistent capability to detect, locate, classify/identify and track surface targets in day/night, near-all-weather conditions, with a high degree of timeliness and accuracy. The first task order under the IDIQ will provide the System of Systems (SoS) integration of an extensible Mission Equipment Payload (MEP), including the modification of Bombardier DHC-8 aircraft.

Through the duration of the IDIQ task order contract, Leidos, with its partner Sierra Nevada Corporation (SNC) and teammates Argon ST (a Boeing Company), L-3 ComCept, and Dynamic Aviation, will provide low-cost, high-maturity solutions using a flexible open architecture that enables integration of future capabilities, promotes growth, and maximizes the Army's investments.

With years of airborne intelligence, surveillance and reconnaissance (ISR) experience supporting a variety of military customers including the U.S. Army, the Leidos team provides superior solutions that meet the services' current and future mission needs. The team has operationally integrated and flown every type of Government identified sensor in the ARL-E solicitation, validating our offering for the ARL-E mission equipment payload (MEP) as a technologically sound, low-risk solution.

"We are incredibly excited to continue our legacy of supporting the U.S. Army on vital airborne programs," said Leidos Chief Executive Officer Roger Krone.

"The selection of our team on this contract solidifies our standing as leaders in ISR capabilities," added Leidos Group President, John Fratamico. "We remain dedicated to supporting our customer and providing mission effective technology at a competitive price."

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 19,000 employees support vital missions for government and the commercial sector, develop innovative solutions to drive better outcomes and defend our digital and physical infrastructure from 'new world' threats. Headquartered in Reston, Virginia, Leidos reported annual revenues of approximately $5.06 billion for its fiscal year ended January 30, 2015. 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.