U.S. Army Selects Leidos to Update the Service's Gunnery Training Simulators

Rhea-AI Summary

Leidos (NYSE: LDOS) has secured a prime contract worth $104 million from the U.S. Army to modernize its gunnery training simulation systems. This indefinite delivery, indefinite quantity contract spans five years and will be executed in Orlando, Florida. The project aims to enhance the training capabilities for warfighters through technology updates to existing simulators, which connect weaponry to virtual systems. The news underscores Leidos' ongoing commitment to support the Army's training missions.

Positive

• Awarded a prime contract valued at $104 million.
• Contract duration of five years signifies long-term collaboration.
• Enhancements in gunnery training systems may improve operational readiness.

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• None.

RESTON, Va., Feb. 8, 2022 /PRNewswire/ -- Leidos (NYSE: LDOS), a FORTUNE® 500 science and technology leader, today announced it has been awarded a prime contract by the U.S. Army's Program Executive Office for Simulation, Training, and Instrumentation to modernize the service's gunnery training simulation systems. The single-award, indefinite delivery, indefinite quantity contract has a total estimated value of $104 million and a period of performance of five years. Work will be performed in Orlando, Florida.

"These training simulators enable our warfighters to master their skills and become more proficient on the service's operating equipment," said Mike Rickels, Leidos Senior Vice President of C4ISR Solutions. "Our team is excited to continue the longstanding support to the U.S. Army in its critical mission to provide gunnery training products to the warfighter in support of training across multiple gunnery trainer variants."

Through this contract, Leidos will perform technology refresh and concurrency updates to the simulators. Gunnery Training Simulators utilize a computer-based simulator that connects the body of a weapon to a virtual reality system. These are used to augment training on a variety of crew-served weapons.

Headquartered in Orlando, Florida, the Program Executive Office for Simulation, Training, and Instrumentation (PEO STRI) is responsible for rapidly developing, delivering and sustaining testing, training and information operations capabilities. This work serves to enhance readiness across the operational spectrum in support of national defense.

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. The company's 43,000 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
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 Leidos' contract with the U.S. Army?

Leidos has been awarded a contract worth $104 million.

How long is the contract for modernizing gunnery training simulators?

The contract spans five years.

Where will the work for the U.S. Army contract be performed?

The work will be carried out in Orlando, Florida.

What does the contract involve for the U.S. Army's training systems?

The contract involves technology refresh and concurrency updates to gunnery training simulators.

What company received the contract to update the Army's gunnery training simulators?

The contract was awarded to Leidos (NYSE: LDOS).