Leidos awarded $7.9 billion U.S. Army tactical IT hardware contract

RESTON, Va., Sept. 19, 2023 /PRNewswire/ -- Leidos (NYSE:LDOS), a FORTUNE® 500 science and technology leader, was recently awarded a next-generation prime contract to provide the U.S. Army with rapid procurement of information technology (IT) hardware solutions. The single-award, firm-fixed-price contract was awarded by Army Contracting Command-Aberdeen Proving Ground. The indefinite delivery, indefinite quantity (IDIQ) contract has a base period of performance of four years with two three-year options. The contract has a maximum value of $7.9 billion if all options are exercised.

"Recent events highlighted the devastating effect of supply chain disruptions, making resilience a national priority," said Gerry Fasano, Leidos Defense Group president. "By combining flexible solutions with artificial intelligence and predictive analytics to increase visibility into operations, we will work to provide a uniquely resilient rapid fulfillment model. We look forward to providing an innovative level of transparency and flexibility to help enhance the Army's ability to meet their Joint All Domain Command and Control (JADC2) objectives."

Under the Common Hardware Systems 6th Generation (CHS-6) contract, Leidos will enhance mission readiness through the Leidos Intelligent Logistics Platform. This will help enable better-informed, timely decision-making throughout the C5ISR and mission IT lifecycle in support of more than 120 Army, DoD and federal government program offices and agencies. Equipment and services procured under the terms of this contract will be used to support a unified network for Multi-Domain Operations (MDO) and JADC2.

"We are honored to be given the opportunity to help the Army modernize its supply chains, improve transparency and visibility on products and achieve next-level logistics," said Will Johnson, senior vice president and Logistics and Mission Support operation manager. "With our AI and machine learning-powered solutions, we can help the Army resolve its toughest challenges, such as obsolescence, cybersecurity, supply chain resiliency and counterfeit parts. We are excited to deliver a readiness advantage to the warfighter."

Leidos will leverage current commercial technology and industry investments to help enhance mission readiness of complex IT hardware across its entire lifecycle. Leidos will support a proven digital infrastructure with intuitive AI/ML-enabled analytics and automation to help increase speed, accuracy, resiliency and cost-efficiency. Leidos will also work to deploy a logistics platform to proactively manage supply chain and cybersecurity risks while minimizing total lifecycle costs. Leidos' support for seamless, consolidated procurement of these highly-flexible, cost-effective technology products and services will support Command, Control, Communications, Computers, Cyber, Intelligence, Surveillance and Reconnaissance (C5ISR) solutions.

About Leidos

Leidos is a Fortune 500® technology, engineering, and science solutions and services leader working to solve the world's toughest challenges in the defense, intelligence, civil, and health markets. The company's 46,000 employees support vital missions for government and commercial customers. Headquartered in Reston, Virginia, Leidos reported annual revenues of approximately $14.4 billion for the fiscal year ended December 30, 2022. For more information, visit www.Leidos.com.

Certain statements in this announcement constitute "forward-looking statements" within the meaning of the rules and regulations of the U.S. Securities and Exchange Commission (SEC). These statements are based on management's current beliefs and expectations and are subject to significant risks and uncertainties. These statements are not guarantees of future results or occurrences. A number of factors could cause our actual results, performance, achievements, or industry results to be different from the results, performance, or achievements expressed or implied by such forward-looking statements. These factors include, but are not limited to, the "Risk Factors" set forth in Leidos' Annual Report on Form 10-K for the fiscal year ended December 30, 2022, and other such filings that Leidos makes with the SEC from time to time.  Readers are cautioned not to place undue reliance on such forward-looking statements, which speak only as of the date hereof. Leidos does not undertake to update forward-looking statements to reflect the impact of circumstances or events that arise after the date the forward-looking statements were made.

View original content to download multimedia:https://www.prnewswire.com/news-releases/leidos-awarded-7-9-billion-us-army-tactical-it-hardware-contract-301931585.html

SOURCE Leidos Holdings, Inc.