NATO Awards Leidos Ballistic Missile Defense Contracts

Rhea-AI Summary

Leidos (NYSE: LDOS) has been awarded two contracts valued at $90M by NATO to enhance its ballistic missile defense capabilities. Each contract spans four years with options for four additional maintenance years. The company, with over 20 years of NATO partnership experience, will lead a team to develop NATO's BMD Architecture, C2 systems, and maintain the BMD Integration Test Bed. Leidos reported revenues of approximately $13.7 billion for FY 2021. This contract reflects the company's ongoing commitment to national defense and positions it favorably in the defense sector.

Positive

• Awarded contracts valued at $90M to enhance NATO's ballistic missile defense capabilities.
• Contracts span four years with potential for four additional maintenance years.
• Leidos has over 20 years of experience partnering with NATO.

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• None.

RESTON, Va., May 6, 2022 /PRNewswire/ -- Leidos (NYSE: LDOS), a FORTUNE® 500 science and technology leader, has been awarded two internationally competed contracts by the NATO Communications and Information Agency (NCI Agency) to enhance the Alliance's ballistic missile defense (BMD) capabilities. The two single-award, firm fixed price contracts have a total estimated value of $90M and each contract has a four-year base period of performance with up to four optional maintenance years.

"We are honored to have the opportunity to continue our support to the NATO BMD Program," said Mike Rickels, Leidos Senior Vice President of C4ISR Solutions. "Our international team brings over 20 years of expertise in partnering with NATO, and we look forward to contributing to the enhancement of the Alliance's BMD capability."

Under the contracts, Leidos will lead an international team to define the NATO BMD Architecture, develop requirements for the NATO Command and Control (C2) systems, integrate and test the C2 systems, and operate, maintain and upgrade the NATO BMD Integration Test Bed (ITB).

Headquartered in Brussels, Belgium, the NCI Agency delivers advanced Command, Control, Communications, Computers, Intelligence, Surveillance and Reconnaissance (C4ISR) technology in support of Alliance decision-makers and missions, including addressing new threats and challenges.

About Leidos
Leidos is a Fortune 500® technology, engineering, and science solutions and services leader working to solve the world's toughest challenges in the defense, intelligence, civil and health markets. Leidos' 43,000 employees support vital missions for government and commercial customers. Headquartered in Reston, Va., Leidos reported annual revenues of approximately $13.7 billion for the fiscal year ended December 31, 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
Melissa.L.Duenas@leidos.com 

Thomas Doheny
(571) 474-4735
Dohenyt@leidos.com

Jalen Drummond
(571) 992-5046
Jalen.Drummond@leidos.com

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SOURCE Leidos Holdings, Inc.

FAQ

What is the value of the contracts awarded to Leidos by NATO?

The contracts awarded to Leidos by NATO are valued at $90 million.

How long is the duration of the contracts awarded to Leidos?

Each contract has a four-year base period with up to four optional maintenance years.

What capabilities will Leidos enhance for NATO under the new contracts?

Leidos will enhance NATO's ballistic missile defense capabilities.

What is Leidos' experience with NATO prior to these contracts?

Leidos has over 20 years of experience partnering with NATO.

What were Leidos' reported revenues for the fiscal year 2021?

Leidos reported annual revenues of approximately $13.7 billion for fiscal year 2021.