|By PR Newswire||
|April 23, 2014 04:09 PM EDT|
RESTON, Va., April 23, 2014 /PRNewswire/ -- Leidos (NYSE: LDOS), a national security, health and engineering solutions company, announced it was awarded a prime contract by the U.S. Army Space and Missile Defense Command/Army Forces Strategic Command (USASMDC/ARSTRAT) to provide intelligence, surveillance, reconnaissance (ISR) and targeting support to the Air Combat Command. The company, formerly named Science Applications International Corporation, changed its name to Leidos, Inc. on September 27, 2013 in connection with the spin-off of its former technical, engineering and enterprise information technology business, which has assumed the company's former name.
The single-award firm fixed-price task order has a one-year base period of performance, two one-year options, and a contract value of approximately $17 million if the options are exercised. The task order was awarded under the Warfighter Modeling, Simulation, Analysis and Integration Support contract. USASMDC/ARSTRAT conducts space and missile defense operations and provides planning, integration, control and coordination of Army forces and capabilities in support of U.S. Strategic Command missions. Under the contract, the Leidos team will provide modeling, simulation, analysis, and integration support to better synchronize multi-discipline ISR; targeting; and computing technologies with air, space and cyberspace force operations.
"Leidos is privileged to continue our Air Combat Command relationship focused on strengthening Air Force targeting and ISR infrastructures, and providing operational unit commanders with relevant, accurate, and timely support across the spectrum of military operations," said Larry Hill, Leidos group president.
Leidos executed a Change of Name Agreement to the U.S. government to recognize the name change, which was approved by the responsible Defense Contract Management Agency contracting officer.
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.
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