U.S. Air Force Awards Leidos $950 Million Contract to Support ISR Mission

Rhea-AI Summary

Leidos (NYSE: LDOS) has been awarded a prime contract valued at $950 million by the U.S. Air Force to deliver solutions for aviation requirements over a 13-year period. This indefinite delivery/indefinite quantity contract includes a 10-year ordering period and an additional 3-year performance period. Leidos will enhance ISR capabilities and support the Air Force's efforts in ensuring multi-domain dominance. The work will be conducted globally, benefiting U.S. and allied forces.

Positive

• Awarded a $950 million contract from the U.S. Air Force for ISR solutions.
• Contract spans 13 years, indicating long-term revenue potential.
• Enhances Leidos' position in the defense sector, potentially boosting investor confidence.

Negative

• None.

RESTON, Va., June 25, 2021 /PRNewswire/ -- Leidos (NYSE: LDOS), a FORTUNE® 500 science and technology leader, today announced it has been awarded a prime contract by the U.S. Air Force to provide solutions for a broad spectrum of aviation requirements. Leidos will support the Air Force's Intelligence Surveillance Reconnaissance & Special Operations Forces (ISR/SOF) Directorate (WI), Sensors Division (WIN) Non-Standard Foreign Military Sales (FMS) branches. The multi-award, indefinite delivery/indefinite quantity contract has a total estimated value of $950 million. The period of performance for the contract is 13 years total with a 10-year ordering period and an additional 3-year performance period.  Work will be performed at locations worldwide.

"This award underscores Leidos' strong performance leveraging decades of operation and technical integration expertise for the Air Force," said Mike Chagnon, Leidos Senior Vice President and Operations Manager. "We look forward to supporting the Air Force and its mission to maintain multi-domain dominance."

The Leidos team will bring a cadre of professionals and tools from across the industry to improve both U.S. and allied ISR capabilities. Leidos will also provide full aircraft and ISR sensor integration, procurement of hardware and spares, sustainment support and inspections for airworthiness/configuration.

ISR/SOF provides support to all weapons systems in its portfolio. The ISR functions are principal elements of America's defense capabilities. They include a wide variety of systems for collecting, processing and disseminating intelligence for national security decision makers and military commanders.

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 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.

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 contract awarded to Leidos by the U.S. Air Force?

The contract awarded to Leidos has a total estimated value of $950 million.

How long is the contract period for Leidos' U.S. Air Force contract?

The contract period is 13 years, including a 10-year ordering period and an additional 3-year performance period.

What will Leidos provide to the U.S. Air Force under this contract?

Leidos will provide solutions for aviation requirements, improving ISR capabilities and supporting multi-domain dominance.

What does the ISR/SOF Directorate do for the U.S. Air Force?

The ISR/SOF Directorate provides support to all weapons systems, focusing on collecting, processing, and disseminating intelligence.

What is Leidos' market position following the contract award?

The contract strengthens Leidos' position in the defense market, enhancing long-term revenue opportunities.