Leidos awarded $51 million contract to enhance missile warning capabilities

Rhea-AI Summary

Leidos (NYSE:LDOS) has been awarded a $51 million contract by the Space Systems Command to enhance missile warning capabilities for the Combatant Commanders Integrated Command and Control Systems (CCIC2S). The contract, with a base period of 54 months, involves providing mission software and technology-enabled services.

Leidos will focus on Model Based Systems Engineering, Development/Security/Operations, software integration, and deployment. These efforts aim to process non-traditional data sources and advance the fusion of weapons systems data, improving the accuracy of missile warning and missile track systems. The company's expertise in sensing, sense-making, and decision support for national security space customers will be leveraged to enhance CCIC2S through open architecture solutions, faster system modifications, and reduced ownership costs.

Positive

• Secured a $51 million contract for missile warning capabilities enhancement
• Contract has a substantial base period of 54 months
• Opportunity to showcase expertise in national security space solutions
• Potential for improved market position in defense technology sector

Negative

• None.

RESTON, Va., Aug. 27, 2024 /PRNewswire/ -- Leidos (NYSE:LDOS), a Fortune 500® innovation leader, was recently awarded a Missile Warning/Missile Track Enhancement (MW/MT) contract by the Space Systems Command, Strategic Warning and Surveillance Systems Acquisition Delta. Leidos will provide mission software and technology-enabled services to enhance missile warning capabilities for the Combatant Commanders Integrated Command and Control Systems (CCIC2S). The award has a base period of performance of 54 months.

"Leidos offers exceptional expertise in sensing, sense-making, and support for decision-making for our national security space customers," said Jason McCarthy, Leidos senior vice president, Engineering, Integration & Operations. "We'll work to enhance CCIC2S by enabling open architecture solutions, improving speed for system modifications, and reducing overall cost of ownership to customers."

Under the contract, Leidos will provide Model Based Systems Engineering, Development/Security/Operations, software integration, and deployment. These capabilities will assist Space Systems Command to process non-traditional data sources for integration into the CCIC2S enterprise. Furthermore, these improvements will advance the fusion of weapons systems data to support enhanced accuracy of MW/MT systems.

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 48,000 employees support vital missions for government and commercial customers. 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.

Contact:	Alyssa Pettus
	(571) 526-6743
	alyssa.t.pettus@leidos.com
	Greg Hellman
	(571) 526-7592
	Greg.hellman@leidos.com

 

View original content to download multimedia:https://www.prnewswire.com/news-releases/leidos-awarded-51-million-contract-to-enhance-missile-warning-capabilities-302230785.html

SOURCE Leidos Holdings, Inc.

FAQ

What is the value of the missile warning contract awarded to Leidos (LDOS)?

Leidos (LDOS) was awarded a $51 million contract for missile warning capabilities enhancement.

How long is the base period of performance for Leidos' (LDOS) new missile warning contract?

The base period of performance for Leidos' (LDOS) new missile warning contract is 54 months.

What specific services will Leidos (LDOS) provide under the new missile warning contract?

Leidos (LDOS) will provide Model Based Systems Engineering, Development/Security/Operations, software integration, and deployment services to enhance missile warning capabilities.

Which system will Leidos (LDOS) be enhancing through this new contract?

Leidos (LDOS) will be enhancing the Combatant Commanders Integrated Command and Control Systems (CCIC2S) through this contract.