QTC Awarded FBI Medical Exams Contract

Rhea-AI Summary

Leidos (NYSE: LDOS) has secured a prime contract worth up to $110 million from the FBI to provide fitness for duty medical exam services. Awarded by the FBI's Human Resources Division, the contract includes a base period of 12 months with four potential 12-month extensions. QTC Medical Services, a subsidiary of Leidos, will offer various occupational health services, building on its existing relationship with the FBI since 2012. This contract expands QTC's role in supporting FBI personnel with comprehensive medical examinations and related services.

Positive

• Contract value could reach $110 million if all options are exercised.
• Expands QTC's existing contract with the FBI, highlighting successful past performance.
• Enhances Leidos' portfolio within government services, potentially increasing revenue.

Negative

• None.

RESTON, Va., May 27, 2021 /PRNewswire/ -- QTC Medical Services, Inc. (QTC), a Leidos (NYSE: LDOS) company, was recently awarded a new prime contract to provide fitness for duty medical exam services for Federal Bureau of Investigation (FBI) employees and career applicants. The indefinite delivery, indefinite quantity contract was awarded by the FBI's Human Resources Division, Medical Operations and Readiness Unit. The single-award, firm fixed price contract has a maximum value of $110 million if all options are exercised. It includes a 12-month base period of performance with four 12-month options.

"We are proud to provide excellent occupational health services to FBI employees to help them carry out their important missions," said Liz Porter, Leidos Health Group president. "I know the FBI's challenges and dedication to mission personally, with a member of my family being one of the bureau's dedicated public servants. With this contract, we are building on the services we currently provide to the FBI while continuing to meet their high standards."

"QTC brings decades of direct, hands-on experience in medical exams and occupational health services to this new contract with the FBI," said Larry Schaefer, QTC chief executive officer. "We are excited to expand our work serving FBI personnel who protect and serve all of us."

The occupational health services QTC will provide include pre-employment and fitness for duty examinations, immunizations, travel reviews and U.S. State Department evaluations. To provide these services, QTC will establish, manage and administer a nationwide private provider network.

This new contract expands QTC's work to provide occupational health services to the FBI. In 2012, QTC began providing these services to the FBI under a contract with Federal Occupational Health (FOH), an agency within the Department of Health and Human Services. QTC has held a contract with FOH since 2006 to manage and administer a nationwide private provider network at locations not covered by the agency.

About QTC Management

QTC Management, Inc. (QTC), acquired by Leidos in 2016, partners with each customer to identify existing and forecasted program needs and delivers a full complement of disability-focused medical examination and diagnostic testing services. Since 2000, QTC has provided more than 9 million physical examinations and diagnostic tests. For more information, visit www.qtcm.com.

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) 474-4735
Dohenyt@leidos.com

Brandon VerVelde
(571) 526-6257
Brandon.p.vervelde@leidos.com

 

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SOURCE Leidos

FAQ

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

The contract could reach a maximum value of $110 million if all options are exercised.

When was the contract awarded to Leidos for FBI medical exams?

The contract was awarded on May 27, 2021.

What services will Leidos provide to the FBI under the new contract?

Leidos will provide fitness for duty medical exams, immunizations, and other occupational health services.

How long is the base period for the new FBI contract awarded to Leidos?

The base period of performance is 12 months.

When did QTC start providing services to the FBI?

QTC began providing services to the FBI in 2012.