Leidos (NYSE: LDOS) shares were in the minus column Tuesday. The company, purporting to be a Fortune 500® innovation leader, was recently awarded a $191 million contract by the Army Contracting Command – Aberdeen Proving Ground for integrated lifecycle software and management solutions in support of the U.S. Army Communications Electronics Command, Software Engineering Center, C3T Directorate, Fires Division.
The contract covers a five-year performance period, with a six-month extension option. The safety-critical work Leidos will perform builds upon its prior mission software development for this customer, including by providing cyber-hardened software and systems engineering, technical services and software integration.
"For the U.S. Army to deliver precise, longer-range fires to counter continuous innovation from near-peer threats, they need software systems capable of incremental modernization," said Roy Stevens, Leidos National Security Sector President. "Applying our expertise in DevSecOps, we will sustain and upgrade fires systems and integrate third-party applications supporting the vision for the Army of 2030 and beyond."
More than seven mission software systems will be supported, including the Advanced Field Artillery Tactical Data System (AFATDS), Joint Automated Deep Operations Coordination System (JADOCS), and AN/TPQ-53 Multi-Mission Radar.
Headquartered in Reston, Virginia, Leidos reported annual revenues of approximately $15.4 billion for the fiscal year ended December 29, 2023.
LDOS shares fell 46 cents to $144.23.
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