U.S. Special Operations Command Awards Leidos Prime Contract

Company to Provide Intelligence, Surveillance and Reconnaissance Solutions

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Dec 17, 2015, 06:45 ET

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RESTON, Va., Dec. 17, 2015 /PRNewswire/ -- Leidos (NYSE: LDOS), a national security, health and engineering solutions company, was awarded a prime contract by the U.S. Special Operations Command (USSOCOM) to provide intelligence, surveillance and reconnaissance (ISR) solutions in support of USSOCOM special operations forces acquisition, technology and logistics. The multiple-award indefinite-delivery/indefinite-quantity, firm fixed-price, and cost-plus fixed-fee contract has a five year base period of performance and a total contract ceiling of $750,000,000 for all awardees. Work will be performed primarily in Charleston, SC. Leidos is one of four contractors eligible to compete for delivery orders under the contract.

USSOCOM is the Unified Combatant Command charged with overseeing the various Special Operations Component Commands of the Army, Air Force, Navy and Marine Corps of the United States Armed Forces. Under the contract, Leidos will provide ISR solutions including: hardware and modifications; specialized communication solutions and networks; signals processing capabilities; and systems integration.

"Having supported USSOCOM for more than 20 years responding to procurement, logistical and technical challenges, we are ready to leverage our expertise and focused processes to rapidly and reliably deliver equipment to Special Operations Forces on demanding operational timelines," said Leidos Group President, Sam Gordy.

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.