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FBI selects Leidos to modernize world's largest biometric and criminal history repository

1. Leidos awarded $128 million task order by the FBI for software development. 2. Contract focuses on the Next Generation Identification system modernization. 3. Improves investigative capabilities for FBI's biometric and criminal history repository. 4. Leidos aims for more than 99.6% accuracy in fingerprint identification. 5. Contract spans one year with four option years for potential extension.

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Why Bullish?

The $128 million contract signifies strong government partnership and revenue growth potential. Historically, similar contracts have positively affected stock prices in defense and technology sectors.

How important is it?

The news highlights significant contract wins that may improve market position and investor perception of Leidos. As a leading contractor for the FBI, these developments are crucial for LDOS's growth trajectory.

Why Long Term?

The contract duration of five years allows for sustained revenue impact. Extended commitments often lead to enhanced investor confidence and stock stability.

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, /PRNewswire/ -- Leidos (NYSE: LDOS) was awarded a $128 million task order by the FBI to provide agile software development and modernization for the Next Generation Identification (NGI) system, the bureau's biometric and criminal history repository. NGI's repository of biometric and criminal history information enables more advanced investigative capabilities for the FBI and other law enforcement and intelligence agencies. The FBI's Criminal Justice Information Services (CJIS) division administers NGI, the world's largest electronic repository of biometric and criminal history information. Leidos has worked with the FBI to improve the system's accuracy to more than 99.6 percent for fingerprint identification. Leidos will provide more capabilities through this program. Those include mobile apps, biometric algorithms, automated testing, and the integration of other emerging technologies. "Leidos has long partnered with the FBI to deliver mission-critical biometric systems, including NGI—the largest, most efficient electronic repository of biometric and criminal history data," said Roy Stevens, Leidos National Security Sector president. "Leidos' work with the FBI to improve the system's accuracy facilitates many more criminal identifications, helping to keep America safe." The task order covers a one-year base period of performance, with four option years. About LeidosLeidos is an industry and technology leader serving government and commercial customers with smarter, more efficient digital and mission innovations. Headquartered in Reston, Virginia, with 47,000 global employees, Leidos reported annual revenues of approximately $16.7 billion for the fiscal year ended January 3, 2025. For more information, visit www.Leidos.com. Certain statements in this announcement constitute "forward-looking statements" within the meaning of the rules and regulations of the U.S. Securities and Exchange Commission (SEC). These statements are based on management's current beliefs and expectations and are subject to significant risks and uncertainties. These statements are not guarantees of future results or occurrences. A number of factors could cause our actual results, performance, achievements, or industry results to be different from the results, performance, or achievements expressed or implied by such forward-looking statements. These factors include, but are not limited to, the "Risk Factors" set forth in Leidos' Annual Report on Form 10-K for the fiscal year ended January 3, 2025, and other such filings that Leidos makes with the SEC from time to time. Readers are cautioned not to place undue reliance on such forward-looking statements, which speak only as of the date hereof. Leidos does not undertake to update forward-looking statements to reflect the impact of circumstances or events that arise after the date the forward-looking statements were made. Media Contact:           Greg Hellman(571) 526-7592[email protected]  SOURCE Leidos WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM? 440k+ Newsrooms & Influencers 9k+ Digital Media Outlets 270k+ Journalists Opted In

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