RESTON, Va., June 30, 2014 /PRNewswire/ -- Leidos (NYSE: LDOS), a national security, health, and engineering solutions company, received the Champions of Veteran Enterprise award and was formerly recognized at the 2014 Veteran Entrepreneur Symposium (VETS) for the company's significant actions to increase contracting or subcontracting opportunities for veterans.
The National Veteran Small Business Coalition (NVSBC) Champions of Veteran Enterprise award recognizes federal agencies and prime contractors that meet or exceed the Congressionally-mandated goal of providing opportunities to veteran-owned and service-disabled veteran-owned small businesses. NVSBC's mission is to transition veterans into business owners and ensures that veteran businesses are given first consideration for federal prime and subcontracting procurement opportunities.
Leidos is being recognized for exceeding the three percent mandated subcontracting goal for service-disabled veteran-owned small businesses. For government fiscal year 2013, Leidos awarded 6.6% to service-disabled veteran-owned small businesses and 13% to veteran-owned small businesses of its total federal subcontract dollars. Additionally, Leidos has focused on cultivating meaningful relationships with veteran-owned and service-disabled veteran-owned small businesses by providing training in lowest price technically acceptable (LPTA), business development, and proposal development at no cost in 2013. Moreover, Leidos has mentored nearly 20 veteran-owned small businesses under the Department of Defense and civilian agency mentor-protege agreements. Currently, Leidos is mentoring four service-disabled veteran-owned small businesses.
"We believe veteran-owned small businesses bring the needed capabilities and subject matter expertise to enable Leidos to better serve our customers and their missions," said John Jumper, Leidos chief executive officer and chairman of the board. "We are particularly honored to receive this award as it is a recognition of our company's commitment to work with those who have made the sacrifice to serve and continue to serve our country."
Recipients of the award were honored at the Champions of Veteran Enterprise awards luncheon on June 17 in Reno, Nev. during the 2014 VETS. Please visit www.veterantrainingsymposium.com for more information.
Leidos is a FORTUNE 500® science and technology solutions leader working to address some of the world's toughest challenges in national security, health and engineering. The Company's 22,000 employees support vital missions for our government and the commercial sector, develop innovative solutions to drive better outcomes and defend our Nation's digital and physical infrastructure from 'new world' threats. Headquartered in Reston, Va., Leidos reported annual revenues of approximately $5.77 billion for its fiscal year ended January 31, 2014 after giving effect to the spin-off of the company's technical services and information technology business. 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 31, 2014, 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.