U.S. Department of Agriculture Awards Leidos Prime Contract for Shared Services

News provided by

Sep 18, 2017, 06:45 ET

RESTON, Va., Sept. 18, 2017 /PRNewswire/ -- Leidos (NYSE: LDOS), a FORTUNE 500^® science and technology leader, was awarded a prime contract by the U.S. Department of Agriculture (USDA) to provide shared services in support of business solutions for the USDA National Finance Center (NFC). The indefinite delivery/indefinite quantity contract has a five-year period of performance and an approximate total value of $499 million for all awardees. Leidos is one of nine awardees eligible to compete for work under the contract. Work will be performed primarily in New Orleans, La., Denver, Colo., St. Louis, Mo., and Washington, D.C.

The NFC assists federal and civil agencies in achieving cost-effective, standardized, and interoperable solutions by providing functionality support to strategic human resources requirements. Under the contract, Leidos will support the USDA with business solutions including financial management services, human resources, information technology services, external systems development, and personnel and pay. With excellent past performance and expertise supporting all five business solution needs, Leidos has a deep understanding of the USDA's current and future requirements.

"We are honored to assist the USDA in maintaining its business operations by providing these critical services," said Leidos Group President Angie Heise. "Our experienced team is ready to support the customer and perform on this important contract."

About Leidos
Leidos is a Fortune 500^® 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.