Leidos Political Activities
Leidos participates in the U.S. political process to ensure that the company’s interests — as a leading provider of mission-oriented solutions for national security, energy and environment, health, and cybersecurity, and as a large employer — are appropriately represented. The company maintains a detailed oversight process to make certain that political activities and lobbying expenditures are conducted in a legal, ethical, and transparent manner.
Leidos’s political activities are overseen by the Leidos Board of Directors, the Leidos Government Affairs Committee, and senior company leaders. The Board of Directors, through the Ethics and Corporate Responsibility Committee, annually reviews the political activities of the corporation and the Leidos Voluntary Political Action Committee.
Leidos Voluntary Political Action Committee
The Leidos Voluntary Political Action Committee (VPAC) is a separate, segregated fund established by Leidos in accordance with federal law in 1994. It is funded by voluntary contributions from eligible Leidos employees, shareholders, and directors. The VPAC strengthens the political voice of those Leidos employees by combining separate donations into larger contributions and assisting in electing candidates supportive of Leidos's business and its interests. The VPAC is nonpartisan and is managed by the VPAC Committee, which consists of members representing Leidos’s major business segments, and is chaired by the senior vice president, Legislative Affairs. The VPAC only makes contributions to federal congressional candidates. It does not make contributions for the presidential elections or at the state or local level. In accordance with the VPAC bylaws and with federal law, all contributions made by the VPAC are reported to the Federal Election Committee (FEC) and a full listing of them can be found on the FEC website at www.fec.gov.
Corporate Political Expenditures
Leidos has a policy against the use of corporate funds to support political contributions or independent expenditures associated with candidate elections at the local, state or federal level except when in support of the administration and operation of the Leidos Voluntary Political Action Committee.
Leidos participates in industry associations and interacts directly with various stakeholders throughout government in an effort to educate, inform, and advocate on behalf of the corporation, our employees and our shareholders. These communications are often regulated by federal, state, and local laws. In accordance with applicable laws, such activity and associated expenses are reported on a regular basis. In compliance with the Lobbying Disclosure Act (LDA), Leidos’s lobbying activities and expenses, as defined by Section 162(e) of the Internal Revenue Code, are disclosed to the U.S. Congress on a quarterly basis. Federal reports disclosing lobbying activity and expenses, including activity at the state level and grassroots efforts, are available to the public via the Office of the Clerk of the U.S. House of Representatives at the following website: http://lobbyingdisclosure.house.gov/.
The company also files periodic reports with state and local agencies reflecting lobbying activities regulated by relevant state and local laws.