RESTON, Va., June 5, 2014 /PRNewswire/ -- Leidos (NYSE: LDOS), a national security, health and engineering solutions company, was awarded two task orders by the U.S. Army's Communications-Electronics Research, Development and Engineering Center (CERDEC), Command Power and Integration Directorate (CP&I). The task orders have a one-year base period of performance, three one-year options, and a total contract value of approximately $108 million for both task orders, if all options are exercised. The task orders were awarded under the Rapid Prototyping and Technology Insertion (RPTI) Support contract.
CERDEC supports a range of technical areas that leverage expertise in the radio/digital/electronic realms of information technology and systems engineering including command and control, communications, computers, electronic warfare, and sensors.
Under task order 14, Leidos will support efforts for engineering and logistics , and provide science and technology insertion and material purchasing/inventory in support of the Army. Under task order 13, Leidos will provide installation kit and mobile platforms upgrade support, along with highly specialized painting and science and technology systems integration.
"This is an important milestone that enhances our relationship with the U.S. Army Intelligence and Information Warfare Director and the Communications-Electronics Research, Development and Engineering Center, and reflects our commitment to the Army's C4ISR mission and Common Operating Environment," said Sam Gordy, Leidos group president.
Leidos is a FORTUNE 500® science and technology solutions leader working to address some of the world's toughest challenges in national security, health and engineering. The Company's 22,000 employees support vital missions for our government and the commercial sector, develop innovative solutions to drive better outcomes, and defend our Nation's digital and physical infrastructure from 'new world' threats. Headquartered in Reston, Va., Leidos had annual revenues of approximately $5.77 billion for its fiscal year ended January 31, 2014, following the spin-off of the company's technical services and information technology business. 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 January 31, 2014, 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.
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