RESTON,
Va., July 19, 2022 /PRNewswire/ -- Leidos
(NYSE: LDOS), a FORTUNE® 500 science and technology leader, was
recently awarded a follow-on contract to support the Navy's Program
Executive Office Integrated Warfare Systems Directorate. The single
award, cost-plus-fixed-fee contract holds an approximate value of
$291 million. It includes a one-year
base period of performance with four additional one-year option
periods. Work will be performed worldwide.
"We are honored to continue our long-standing relationship with
PEO IWS," said Will Johnson, Leidos
Senior Vice President, Logistics and Mission Support. "This award
will enable Leidos to accelerate our support of their critical
mission through modernization, domain expertise and
innovation."
Through this contract, Leidos will perform a range of support
services, including shipboard modernization, curriculum
development, training conduct, depot support, technical data,
maintenance planning and management.
Headquartered in Washington
D.C., the Program Executive Office Integrated Warfare
Systems Directorate develops, delivers and sustains operationally
dominant combat systems for the U.S. Navy.
About Leidos
Leidos is a Fortune 500® technology,
engineering, and science solutions and services leader working to
solve the world's toughest challenges in the defense, intelligence,
civil and health markets. Leidos' 43,000 employees support vital
missions for government and commercial customers. Headquartered in
Reston, Va., Leidos reported
annual revenues of approximately $13.7
billion for the fiscal year ended December 31, 2021. For more information, visit
www.leidos.com.
Certain statements in this announcement constitute
"forward-looking statements" within the meaning of the rules and
regulations of the U.S. Securities and Exchange Commission
(SEC). These statements are based on management's current
beliefs and expectations and are subject to significant risks and
uncertainties. These statements are not guarantees of future
results or occurrences. A number of factors could cause our actual
results, performance, achievements, or industry results to be
different from the results, performance, or achievements expressed
or implied by such forward-looking statements. These factors
include, but are not limited to, further delays in our
performance under the DES contract, including due to protests
at the United States Court of Federal Claims, costs
associated with intervening in and defending
against further protests and any delays associated
with such protests or any resulting corrective action, loss of
the DES contract award, further award delays, including
due to protests at the United States Court of Federal
Claims, costs associated with defending against protests and any
associated delays, loss of the contract award, and the "Risk
Factors" set forth in Leidos' Annual Report on Form 10-K for the
fiscal year ended December 31, 2021, and other such filings
that Leidos makes with the SEC from time to time. Readers are
cautioned not to place undue reliance on such forward-looking
statements, which speak only as of the date hereof. Leidos does not
undertake to update forward-looking statements to reflect the
impact of circumstances or events that arise after the date the
forward-looking statements were made.
Contact:
Melissa Dueñas
(571) 526-6850
Melissa.L.Duenas@leidos.com
Thomas Doheny
(571) 474-4735
Dohenyt@leidos.com
Jalen Drummond
(571) 992-5046
Jalen.Drummond@leidos.com
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SOURCE Leidos Holdings, Inc.