RESTON, Va., April 2, 2018 /PRNewswire/ -- Leidos (NYSE: LDOS), a global science and technology leader, was awarded a task order by the Federal Aviation Administration (FAA) to develop the 7th Generation geostationary earth orbit (GEO) satellite used for the FAA Wide Area Augmentation System (WAAS). The task order has a four-year development phase, and one 10-year Operations and Maintenance phase with a total contract value of approximately $117 million. Work will be performed in Gaithersburg, Md.
The task order supports the WAAS, a safety-critical system that augments Global Positioning System (GPS) Standard Positioning Service (SPS). WAAS enables aircraft to rely on GPS for all phases of flight, including precision approaches to any airport within its service area.
Leidos, along with space-segment provider Intelsat General Corporation and technology partners U.S. Electrodynamics, Inc. (USEI) and Knight Sky, will develop, test and integrate a satellite payload for the program's new GEO 7 satellite and its associated pair of ground uplink stations. The stations then broadcast GPS navigation data that is corrected and enhanced for accuracy. Leidos will also manage the stations to ensure the satellite sends the augmented GPS navigation signals in line with WAAS requirements.
"For nearly 20 years, Leidos has partnered with the FAA to provide technology solutions that ensure our nation's airspace is safe and efficient for both pilots and travelers," said Fran Hill, Leidos Senior Vice President of Transportation Solutions. "This award will allow us to continue to deliver accurate, reliable signals and quality service for years to come."
The GEO 7 payload is expected to launch in the first quarter of 2020. The system will enter its 10-year operational phase in 2021.
Leidos is a Fortune 500 information technology, engineering, and science 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 31,000 employees support vital missions for government and commercial customers. Headquartered in Reston, Virginia, Leidos reported annual revenues of approximately $10.17 billion for the fiscal year ended December 29, 2017. 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 29, 2017, 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.