RESTON, Va., April 9, 2024 /PRNewswire/ -- Leidos (NYSE:LDOS), a Fortune® 500 innovation company, recently was awarded a new prime contract to perform aviation training services and operations support for the Army National Guard. The cost-plus-award-fee contract has a one-year period of performance and an approximate value of $13.7 million.
"We're pleased to work with the Army National Guard to support aviation training and operations," said Tim Freeman, Leidos senior vice president and airborne systems business area lead. "The National Guard is one of the nation's oldest institutions, always prepared to protect and defend our country. We look forward to leveraging our aviation experience and expertise to further enhance the National Guard's readiness advantage."
"Army National Guard Aviation is excited about this new opportunity to join our highly professional Aviation training force with the experience and professionalism that Leidos brings to the fight," said COL A.C. Schilleci, Army National Guard chief aviation and safety division. "As we begin to shape and transition our training programs to support Large Scale Combat Operations in the multi-domain operational environment, we believe Leidos maintains the capabilities to meet our specific requirements."
Leidos will provide support of aviation institutional training for officers and enlisted personnel. This includes flight and simulation training, classroom instruction and information technology support. The company will also support the One Army School System (OASS) integration and provide Aviation Life Support Equipment (ALSE) maintenance.
About Leidos
Leidos is a Fortune 500® innovation company rapidly addressing the world's most vexing challenges in national security and health. The company's global workforce of 47,000 collaborates to create smarter technology solutions for customers in heavily regulated industries. Headquartered in Reston, Virginia, Leidos reported annual revenues of approximately $15.4 billion for the fiscal year ended December 29, 2023. 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 29, 2023, 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.
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SOURCE Leidos Holdings, Inc.
