Company recognized for establishing and maintaining best security practices
RESTON, Va., June 7, 2018 /PRNewswire/ -- Leidos (NYSE: LDOS), a FORTUNE® 500 science and technology leader, today announced the company's Reston-based Corporate Security office was one of 39 facilities that received the 2018 James S. Cogswell Outstanding Industrial Security Achievement Award, the most prestigious honor the Defense Security Service (DSS) may bestow to cleared industry partners of the Department of Defense.
The annual award, in its 52nd year, recognizes large and small companies for establishing and maintaining a security program that far exceeds the basic National Industrial Security Program requirements and providing leadership to other cleared facilities in developing best practices while maintaining the highest standards for security. Of the more than 13,300 cleared contractors, less than one percent are annually selected to receive this award. Leidos' Corporate Security department was honored with the award.
Facilities are only eligible for the recognition if they achieve a minimum of two consecutive "superior" industrial security review ratings and show a sustained degree of excellence and innovation in their overall security program management, implementation and oversight.
"Our customers entrust Leidos with highly sensitive data and we take that trust very seriously," said Roger Krone, Leidos Chairman and Chief Executive Officer. "Being named a Cogswell Award winner is a testament to our security team's commitment to implementing best practices and creating an environment where security and safety come first."
The Cogswell award was established in 1966 in honor of the late Air Force Col. James S. Cogswell, the first chief of industrial security within the Department of Defense. Cogswell was responsible for developing the basic principles of the National Industrial Security Program, which includes an emphasis on the partnership between industry and government to protect classified information.
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.