Defense Contract Could Be Worth $35M for Leidos Inc.Thursday, February 20, 2014
Leidos Inc., one of the two companies created with the 2013 split of SAIC, said on Feb. 20 that it received software work from the U.S. Strategic Command that could be worth as much as $35 million if the government exercises all of its options. Work on the indefinite-quantity contract will be split between San Diego and Omaha, Neb. Work will consist of software development and sustainment.
Virginia-based Leidos (NYSE: LDOS) said the contract consists of a single base year, four option years and a final six-month period. The 55th Contracting Squadron awarded the deal.
Leidos said that under the contract, the business will “provide war-planning solutions and enhancements while modernizing the system into new architectures to support operational war-planning and targeting solutions.”
In other news, Leidos said on Feb. 19 that it is planning for a CEO succession after current CEO John Jumper announced his retirement. Jumper, who also serves as Leidos’ chairman, was previously chief of staff of the U.S. Air Force, the senior uniformed Air Force officer