STOCK TITAN

Leidos Awarded $470.7 Million TSA Contract to Provide Checkpoint Screening Equipment Deployment Services

Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Neutral)
Tags
Rhea-AI Summary

Leidos (NYSE: LDOS) has secured a prime contract with the Transportation Security Authority (TSA) valued at $470.7 million to assist in deploying Transportation Screening Equipment (TSE) across U.S. federalized airports. This indefinite delivery/indefinite quantity contract will enable Leidos to conduct surveys, provide design support, and oversee the installation, relocation, and removal of screening equipment. Leidos has previously supported TSA for over 12 years, enhancing operational efficiency and safety at airports and special events.

Positive
  • Awarded a significant contract worth $470.7 million with TSA.
  • Opens avenues for continued collaboration with TSA, building on over 12 years of prior support.
  • Enhances Leidos' position in the transportation security sector.
Negative
  • None.

RESTON, Va., June 23, 2021 /PRNewswire/ -- Leidos (NYSE:LDOS), a FORTUNE® 500 science and technology leader, was recently awarded a  prime contract by the Transportation Security Authority (TSA) to provide services related to the deployment of Transportation Screening Equipment (TSE). Through this contract, Leidos will help TSA deploy checkpoint screening equipment across all federalized airports in the U.S. and its territories. The indefinite delivery/indefinite quantity award has a total ceiling value of $470.7 million.

"Leidos has always been fully committed to the safety of our transportation system," said Leidos Intelligence Group President Vicki Schmanske. "We understand the magnitude of TSA's missions and are proud to provide continued support as they deploy the most efficient and effective capabilities and technologies for checkpoint screening operations. Helping TSA ensure freedom of movement for people and commerce is one of the core ways Leidos is making the world safer, healthier and more efficient."

Under this contract, Leidos will conduct surveys while providing on-site coordination, design support, planning and execution for screening equipment installations, relocations and removals. In addition to airports, the contract includes security support for special events, such as presidential inaugurations and spectator events, along with international efforts.

The Leidos team has been supporting TSA with the deployment of TSE for over 12 years through the Transportation Security Equipment Deployment Services (TEDS) and the Security Equipment and Systems Integration (SESI) contracts. Leidos also provides maintenance of TSE at all U.S. federalized airports via the Integrated Logistics Support (ILS) contract award.

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.

Contact: 
Melissa Dueñas
(571) 526-6850
Duenasml@leidos.com

Thomas Doheny
(571) 526-7601
dohenyt@leidos.com

 

Cision View original content to download multimedia:http://www.prnewswire.com/news-releases/leidos-awarded-470-7-million-tsa-contract-to-provide-checkpoint-screening-equipment-deployment-services-301317672.html

SOURCE Leidos Holdings, Inc.

FAQ

What is the value of the contract awarded to Leidos by TSA?

Leidos was awarded a contract valued at $470.7 million by the Transportation Security Authority.

What services will Leidos provide under the TSA contract?

Leidos will provide services related to the deployment of Transportation Screening Equipment at U.S. federalized airports.

How long has Leidos been supporting TSA's operations?

Leidos has been supporting TSA's operations for over 12 years.

What kind of equipment will Leidos help deploy?

Leidos will assist in deploying Transportation Screening Equipment (TSE) for airport security checkpoints.

What does the contract with TSA entail?

The contract involves conducting surveys, planning, and executing the installation, relocation, and removal of screening equipment.

Leidos Holdings, Inc.

NYSE:LDOS

LDOS Rankings

LDOS Latest News

LDOS Stock Data

18.99B
131.91M
1.04%
78.75%
1.43%
Information Technology Services
Services-computer Integrated Systems Design
Link
United States of America
RESTON