NGA awards Leidos $107 million geospatial intelligence production contract

Rhea-AI Summary

Leidos (NYSE:LDOS) has secured a new prime contract worth $107 million from the National Geospatial-Intelligence Agency (NGA) to provide geospatial intelligence (GEOINT) products. The contract includes a one-year base period with four one-year optional extensions and a final six-month optional extension.

Under the agreement, Leidos will deliver human geographic, topographic, and open-source data products to support NGA's cartographers, human geographers, toponymists, catalogers, and collectors. The company will also provide GEOINT products for NGA's Geographic Names Server, enhancing the agency's daily operations and supporting warfighters and national security objectives.

Positive

• Secured new $107 million government contract with NGA
• Contract includes potential for 5.5 years of revenue through extensions
• Strengthens position in geospatial intelligence market

Negative

• None.

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RESTON, Va., Dec. 17, 2024 /PRNewswire/ -- Leidos (NYSE:LDOS) today announced a new prime contract to provide geospatial intelligence (GEOINT) products to the National Geospatial-Intelligence Agency's (NGA) Office of Geography and Source Strategies Office. The contract has a one-year base period of performance, four one-year optional extensions, and a final six-month optional extension. The contract has a total value $107 million if all options are exercised.

"NGA's analysts require timely and accurate foundational data to facilitate effective analysis in support of current mission requirements," said Roy Stevens, Leidos National Security Sector president. "Our geographic and topographic data products help enable analysts to support warfighters and national security objectives with precision."

Under the contract, Leidos will provide human geographic, topographic, and open-source data products to enhance day-to-day operations for NGA's cartographers, human geographers, toponymists, catalogers, and collectors. The Leidos team will also provide GEOINT products for NGA's Geographic Names Server.

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 global workforce of 48,000 collaborates to create smarter technology solutions for customers in heavily regulated industries. 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. 

Approved for public release, NGA-U-2024-09987.

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.

Media Contacts:

Alyssa Pettus                                                             
(571) 526-6743
alyssa.t.pettus@leidos.com 

Greg Hellman
(571) 526-7592
greg.hellman@leidos.com 

 

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SOURCE Leidos Holdings, Inc.

FAQ

What is the value of Leidos (LDOS) new NGA contract?

The contract has a total value of $107 million if all options are exercised.

How long is the duration of Leidos (LDOS) new NGA contract?

The contract includes a one-year base period with four one-year optional extensions and a final six-month optional extension, totaling up to 5.5 years.

What services will Leidos (LDOS) provide under the new NGA contract?

Leidos will provide geospatial intelligence products, including human geographic, topographic, and open-source data products for NGA's cartographers and other specialists.

When was the Leidos (LDOS) NGA contract announced?

The contract was announced on December 17, 2024.