DIAMOND BAR, Calif., Aug. 7, 2017 /PRNewswire/ -- QTC Medical Services, Inc. (QTC), a Leidos (NYSE: LDOS) company, was awarded its second prime contract by the U.S. Department of Veterans Affairs (VA) to continue to provide medical disability examinations for the Veterans Benefits Administration (VBA). The contract has a one-year base period of performance, four one-year options, and a total contract ceiling of $6.8 billion, if all options are exercised. This second award follows the initial award of VBA's only nationwide contract supporting disability examinations for separating and retiring Department of Defense servicemembers.
The series of contract awards is part of a VA initiative to improve disability examination experiences for Veterans through an efficient and streamlined process. The new program management and delivery process will also continue to ensure broad national and international coverage of medical examination requirements to meet Veterans' needs worldwide. Under the contract, QTC will apply its 30-year expertise in providing high-quality, technology-driven exam solutions to continue to provide the VBA with medical disability examination services. QTC will use its customized, systematic operational workflow to administer evaluations, supported by innovative technology that will help VA achieve efficiency and accuracy goals.
"Our Veterans deserve an expedient, efficient and reliable system to provide medical disability examinations. We're proud the Department of Veterans Affairs has entrusted QTC to continue to provide these important services for our Veterans," said QTC President Grant Kim.
About QTC Medical Services QTC Medical Services, Inc., acquired by Leidos in 2016, partners with each customer to identify existing and forecasted program needs and delivers a full complement of disability-focused medical examination and diagnostic testing services. Since 2000, QTC has provided more than 4.5 million physical examinations and diagnostic tests.
About Leidos 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.