RESTON, Va., Nov. 8, 2016 /PRNewswire/ -- Leidos (NYSE: LDOS) has won a prime contract from the U.S. Department of the Army's Program Executive Office for Simulation, Training and Instrumentation to finalize and launch 14 Common Driver Trainer (CDT) systems. The single-award, cost-plus-fixed-fee contract has a two-year base period of performance and one sixteen-month option. If all options are exercised, the contract is worth more than $10 million.
The simulators include student training stations, after action review and assistant driver stations. In addition, there are four instructor operator stations. The CDT systems will be completed at Leidos' state-of-the-art 42,000 square-foot Lee Vista Integration Facility in Orlando, Florida. After completion, the systems will be delivered to Fort Leonard Wood, Missouri.
CDT simulation provides training in critical driver or crew tasks that are either time consuming, resource constrained or too dangerous to conduct on actual equipment. However, with the use of a CDT simulator, tasks can be easily repeated for enhanced training. The new systems are expected to improve Fort Leonard Wood's current driver training throughput capacity.
"The development and implementation of these simulations are vital to the initial training and ultimate success of tactical vehicle operators and crews," said John Fratamico, president of the Leidos Advanced Solutions Group. "As the original developer of the Common Driver Trainer product line, Leidos understands the value of these simulators, and our team looks forward to fielding these new systems at Fort Leonard Hood in further support of the PEO STRI's mission to achieve Army readiness."
Leidos is a global science and technology solutions leader working to solve the world's toughest challenges in the defense, intelligence, homeland security, civil, and health markets. The company's 33,000 employees support vital missions for government and commercial customers. Headquartered in Reston, Virginia, Leidos reported pro forma annual revenues of approximately $10 billion for the fiscal year ended Jan. 1, 2016 after giving effect to the recently completed combination of Leidos with Lockheed Martin's Information Systems & Global Solutions business (IS&GS). 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 30, 2015, 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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