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Technical Solutions Company to Provide Software Development
RESTON, Va., Feb. 20, 2014 /PRNewswire/ -- Leidos (NYSE: LDOS), a national security, health and engineering solutions company, was awarded a U.S. Strategic Command (USSTRATCOM) contract by the 55th Contracting Squadron to provide software development and sustainment. The single-award, indefinite-delivery/indefinite-quantity contract has a one-year base period of performance, four one-year options, a six month final period, and a total contract value of $35 million, if all options are exercised. The contract was awarded under the National Target Base / National Desired Ground Zero List Integrated Development System (NIDS III). Work will be performed in San Diego, Calif. and Omaha, Nebraska.
USSTRATCOM conducts global operations in coordination with other Combatant Commands, Services, and appropriate U.S. Government agencies to deter and detect strategic attacks against the U.S. and its allies, and is prepared to defend the nation as directed. Under the contract, Leidos will provide war-planning solutions and enhancements while modernizing the system into new architectures to support operational war-planning and targeting solutions.
"Leidos is committed to the mission of USSTRATCOM in providing continued strategic war planning solutions," said John Fratamico, Leidos group president.
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. Leidos has submitted a change-of-name agreement to the U.S. government to recognize the name change, which is currently under review 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 23,000 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. Leidos is headquartered in Reston, Va. and had approximately $6 billion in revenues for fiscal year 2013, on a pro forma basis, following the spin-off of the company's technical, engineering and enterprise IT business on Sept. 27, 2013. 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 Leidos' Annual Report on Form 10-K for the period ended January 31, 2013, 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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