RESTON, Va., March 7, 2018 /PRNewswire/ -- Leidos (NYSE: LDOS), a FORTUNE 500® science, information technology, and engineering leader, was awarded a $200 million hybrid contract (cost-plus-fixed-fee and firm-fixed-price) to support geospatial requirements, standards and systems across the U.S. Army. The multiple-award, follow-on contract has a potential five-year period of performance and work will be performed in Alexandria, Va.
Under the contract, Leidos will continue to provide technologies and expertise to support the U.S. Army's ongoing geospatial research, integration, development, and operational requirements at the U.S. Army Geospatial Center (AGC) at Fort Belvoir. Leidos will also develop geospatial enterprise-enabled systems for the Army and other Department of Defense (DOD) and non-DOD entities.
"We are proud of the twenty five years of support we've provided to the Army's geospatial work, helping deliver innovative intelligence capabilities into the hands of the Army warfighter," said Mike Chagnon, Leidos Advanced Solutions Group President. "Across the geospatial community, Leidos continues to innovate on behalf of our customers, delivering technologies and expertise focused on their unique missions."
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 32,000 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.
Melissa Koskovich, SVP Communications, (571) 526-6850,
Jason Kello, Director - Media Relations,
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