RESTON, Va., March 13, 2017 /PRNewswire/ -- Leidos (NYSE: LDOS), a global science and technology company, was awarded a prime contract by the Air Force Research Laboratory (AFRL) to provide research and development (R&D) under the Mission Systems Open Architecture Science and Technology (MOAST) Program. The Multiple Award, Fair Opportunity, Indefinite Delivery/Indefinite Quantity (IDIQ) contract has a seven-year period of performance and a total shared contract ceiling of $48 million. Leidos was also awarded an initial task order under the MOAST Program. Work will be performed primarily at Wright Patterson Air Force Base.
Many Department of Defense (DoD) programs are faced with the challenge to reduce lifecycle costs while rapidly fielding technologically superior warfighting capability. Design strategies based on widely supported open standards increase the likelihood that future changes to the system will be accomplished cost-effectively. Under the MOAST program, Leidos will perform R&D to help evolve and expand emerging open systems architecture standards for existing and next-generation Air Force and DoD weapon systems, while also ensuring or enhancing cyber resilience.
"We look forward to applying our innovative research and development expertise to help the Air Force reduce costs and advance system performance through the improvement and adoption of open architecture technologies," said Leidos Advanced Solutions Group President, Mike Chagnon.
Leidos is a global science and technology 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 32,000 employees support vital missions for government and commercial customers. Headquartered in Reston, Virginia, Leidos reported annual revenues of approximately $7.04 billion for the fiscal year ended December 30, 2016. 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 30, 2016, 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.