RESTON, Va., Oct. 9, 2017 /PRNewswire/ -- Leidos (NYSE: LDOS), a FORTUNE 500® science and technology company, will support the Social Security Administration (SSA) under a prime contract to provide information technology (IT) services in support of the SSA Agency Strategic Plan. The multiple-award indefinite-delivery/indefinite-quantity contract has up to a ten year period of performance, should all option periods be exercised, with a total contract ceiling of $2.3 billion. The contract was originally pursued by and awarded to Lockheed Martin's Information Systems & Global Solutions (IS&GS) business, now a part of Leidos following the August 2016 merger. Work will be performed in Baltimore, Md.
The SSA Agency Strategic Plan aims to ensure reliable, secure, and efficient IT services. Leidos has been a trusted partner to the SSA for more than 28 years, assisting the Agency to achieve its mission to sustain a reliable IT infrastructure with a trusted workforce, innovative technology solutions, and demonstrated ability to deliver cost-effective services while maintaining exceptional performance. Under the follow-on contract, Leidos will provide lifecycle activities for software improvement, database and data administration, software engineering and management support, and systems administration and security support.
"We are proud to continue to provide the Social Security Administration with leading technical advancements that will assist the Agency in developing the systems needed to support the Agency over the next decade," said Leidos Group President Jon Scholl.
Leidos is a Fortune 500® science and technology 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 32,000 employees support vital missions for government and commercial customers. Headquartered in Reston, Virginia, Leidos reported annual revenues of approximately $7.04 billion for the fiscal year ended December 30, 2016. 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 December 30, 2016, 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.
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