Leidos Awarded Contract to Manage the Navy's Towed Array Repair Depot
Leidos (NYSE: LDOS) has secured a prime contract valued at $149.2 million from the Naval Undersea Warfare Center to provide engineering, technical, and management services for the Naval Array Technical Support Center. This contract, focused on undersea warfare solutions, is indefinite delivery/indefinite quantity with work primarily in Newport, Rhode Island. Leidos will enhance support for the Navy's towed array assets, demonstrating its commitment to innovative technologies and maintaining a competitive edge in undersea operations.
- Award of a prime contract worth $149.2 million strengthens future revenue potential.
- Expands Leidos' long-term relationship with the Naval Array Technical Support Center, enhancing their market position.
- Introduction of innovative technologies aimed at improving the Navy's capabilities.
- None.
RESTON, Va., March 31, 2021 /PRNewswire/ -- Leidos (NYSE: LDOS), a FORTUNE® 500 science and technology leader, today announced it has been awarded a prime contract by the Naval Undersea Warfare Center (NUWC) - Newport Division to provide engineering, technical and management services for the Naval Array Technical Support Center. The single-award, indefinite delivery/indefinite quantity, cost-plus-fixed-fee / firm-fixed-price contract has a total estimated value of
"This award underscores our commitment to providing our customers with the solutions needed to address the current and emerging security threats in the undersea and maritime environment," said Will Johnson, Leidos Senior Vice President, Logistics and Mission Support. "Leidos has supported the Naval Array Technical Support Center for more than 15 years. We are expanding our commitment by deploying new innovative technologies to sustain the Navy's competitive advantage in undersea warfare."
Through this contract, Leidos will perform tasks for the U.S. Navy's Sensors and SONAR Systems Department. Leidos will be responsible for production engineering, technical and logistics support of the Navy and Foreign Military Sales' towed array assets. Key services also include manufacturing, upgrading and troubleshooting towed array systems currently in service, as well as systems recently taken out of service and others that may enter the fleet.
The Naval Array Technical Support Center is the depot-level repair service for surface ships and submarine-towed sonar arrays. NUWC provides research, development, testing and evaluation, engineering, analysis, assessment and fleet support capabilities. These capabilities support submarines, autonomous underwater systems and both offensive and defensive weapons systems associated with undersea warfare.
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, homeland security, civil, and health markets. The company's 39,000 employees support vital missions for government and commercial customers. Headquartered in Reston, Va., Leidos reported annual revenues of approximately
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.
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SOURCE Leidos Holdings, Inc.
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