U.S. Air Force awards Leidos $950 Million contract to support ISR mission
(RESTON, Va.) June 25, 2021 – Leidos (NYSE: LDOS), a FORTUNE® 500 science and technology leader, today announced it has been awarded a prime contract by the U.S. Air Force to provide solutions for a broad spectrum of aviation requirements. Leidos will support the Air Force’s Intelligence Surveillance Reconnaissance & Special Operations Forces (ISR/SOF) Directorate (WI), Sensors Division (WIN) Non-Standard Foreign Military Sales (FMS) branches. The multi-award, indefinite delivery/indefinite quantity contract has a total estimated value of $950 million. The period of performance for the contract is 13 years total with a 10-year ordering period and an additional 3-year performance period. Work will be performed at locations worldwide.
"This award underscores Leidos’ strong performance leveraging decades of operation and technical integration expertise for the Air Force," said Mike Chagnon, Leidos Senior Vice President and Operations Manager. “We look forward to supporting the Air Force and its mission to maintain multi-domain dominance."
The Leidos team will bring a cadre of professionals and tools from across the industry to improve both U.S. and allied ISR capabilities. Leidos will also provide full aircraft and ISR sensor integration, procurement of hardware and spares, sustainment support and inspections for airworthiness/configuration.
ISR/SOF provides support to all weapons systems in its portfolio. The ISR functions are principal elements of America’s defense capabilities. They include a wide variety of systems for collecting, processing and disseminating intelligence for national security decision makers and military commanders.
About Leidos
Leidos is a Fortune 500® information 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 40,000 employees support vital missions for government and commercial customers. Headquartered in Reston, Va., Leidos reported annual revenues of approximately $12.30 billion for the fiscal year ended January 1, 2021. 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 1, 2021, 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.
