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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.