RESTON, Va., April 21, 2014 /PRNewswire/ -- Leidos (NYSE: LDOS), a national security, health and engineering solutions company, was awarded a prime contract by the North Atlantic Treaty Organization (NATO) Support Agency (NSPA) to manage the NATO Fuel Monitoring System (NFMS). The single-award, firm-fixed-price contract has a ten-month base period of performance, five one-year options, and a total value of approximately $13 million, if all options are exercised. Varec Inc., a wholly-owned subsidiary of Leidos, will perform work at various locations outside the continental United States.
The NSPA is NATO's integrated logistics and services provider agency that brings together logistics and procurement support activities, providing integrated multinational support solutions for its stakeholders. Under the contract, Varec will provide activities to manage, implement, test and maintain the NATO NFMS, which assists with the management of petroleum oils and lubricants sales, fuel inventory, and governance. The NFMS will consist of enterprise and facility level subsystems. The implementation of an enterprise NFMS subsystem on a central server will collect inventory and fuel transaction data from each of the NFMS clients at NATO military installations.
"The contract provides an opportunity to deploy several significant new capabilities for NFMS including a new enterprise mobile application for automatic data collection of fuel sale, receipt and shipment information," said Tim Archer, chief technology officer at Varec, Inc.
Other capabilities include an enterprise data synchronization technology that automatically exchanges data through the Internet between servers distributed in theatre and enterprise server; and a new enterprise mobile application that will be deployed for automatic data collection of fuel sale, receipt and shipment information. In addition, an integrated vehicle tracking solution will monitor the movement of fuel within the theatre of operations using GPS and mapping technologies.
"Leidos is proud to provide innovative solutions to support key elements of the capabilities of the NATO Support Agency in fuel management and operations," said Larry Hill, Leidos group president.
Leidos is a 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 had annual revenues of approximately $5.77 billion for its fiscal year ended January 31, 2014, following 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.