RESTON, Va., Oct. 16, 2017 /PRNewswire/ -- Leidos (NYSE: LDOS), a FORTUNE 500® science and technology company, was one of ten primes awarded a contract by the U.S. Army to continue its 24 years of excellence in providing technical development, technical support, and operational integration to the U.S. Army's Research, Development, and Engineering Command's Communications and Electronic Research, Development, and Engineering Center's Night Vision and Electronic Sensors Directorate (NVESD) under the Deployable Adaptive Global Responder Support program. The multiple-award indefinite-delivery/indefinite-quantity contract has a five-year base period of performance and a total contract value of $480 million.
The NVESD supports Army, joint expeditionary, special operations, intelligence and other mission-focused activities by providing rapid access to technology solutions. Under the contract, Leidos will apply its proven contracts and program management solutions to enable the NVESD to provide responsive and adaptive capabilities to the Army and U.S. Military. Work will include research and development, operational integration, operational analysis and assessment, and other necessary support including logistics and communications.
"Under the contract, Leidos will continue to rapidly develop, field, and support mission oriented technology solutions for global responders across the Department of Defense and the federal government. These solutions will effectively address the ever-changing threats to our national security," said Leidos Group President Mike Chagnon.
Leidos is a Fortune 500® 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.