RESTON, Va., Jan. 18, 2017 /PRNewswire/ -- Leidos (NYSE: LDOS), a global science and technology company, was awarded a prime contract by the U.S. Army Program Executive Office – Simulation, Training and Instrumentation. The single-award cost-plus fixed-fee indefinite-delivery/indefinite-quantity delivery order has a one-year period of performance and a total contract value of approximately $22 million. The delivery order was awarded under the Synthetic Environment Core (SE Core) Common Virtual Environment Management (CVEM) contract. Work will be performed primarily in Orlando, Fla.
The U.S. Army's SE Core CVEM program provides simulations with the ability to fully integrate and interoperate within live, virtual, constructive and gaming training domains to ensure the "Fair Fight". Under the delivery order, Leidos will continue to provide comprehensive, consistent, and seamless terrain data and battlefield equipment representations to support effective and realistic training environments for a broad range of simulation systems.
"We're excited to continue to provide a full range of innovative and flexible simulation technology using our extensive expertise in system engineering, software signal and image processing, and custom system integration," said Leidos Advanced Solutions Group President, Mike Chagnon. "We are dedicated to providing simulation technology that enables warfighters to train for ever-changing missions in global environments."
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 1, 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.
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