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Leidos wins TSA logistics contract

1. Leidos secured a $2.6 billion TSA contract for 8 years. 2. Contract covers maintenance of 12,000 Transportation Security Equipment units. 3. Support for TSA enhances Leidos' market position and operational metrics. 4. Leidos leverages predictive analytics and logistics for efficiency. 5. Company's annual revenue was reported at $15.4 billion.

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Why Bullish?

The $2.6 billion contract strengthens cash flow and supports future growth. Past similar contracts boosted share performance.

How important is it?

The article describes a significant contract that will positively affect Leidos' financial outlook.

Why Long Term?

This contract spans 8 years, providing sustained revenue. Long-term projects often stabilize stock prices in defense sectors.

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LDOS
, /PRNewswire/ -- Leidos (NYSE:LDOS) today announced a follow-on checkpoint sustainment contract to maintain 12,000 units of Transportation Security Equipment (TSE) deployed at more than 430 airport locations in the U.S. and its territories. The contract was awarded for the Transportation Security Administration's (TSA) Deployment and Security Division. The contract has an eight-year period of performance and a maximum value of $2.6 billion. "As air travel volume continues to grow, ensuring fast and frictionless TSA checkpoints will only become more important," said Roy Stevens, Leidos National Security Sector president. "Leidos will draw on our decades of expertise in predictive analytics, cybersecurity, and logistics to continue to provide exceptional mission support to TSA." Under the contract, Leidos will work with original equipment manufacturers to maintain high TSE operational availability and other key operational metrics via preventive, corrective, and depot maintenance. Leidos will provide services including program management, contractor logistics support, and supply chain risk analysis along with TSA service response center oversight and TSA IT infrastructure development and maintenance. To support TSA's mission, Leidos maintains a dedicated system to support field service technicians, capture metrics, perform predictive analytics, and leverage the capabilities of Leidos Trusted Mission AI to support screening system availability. Leidos has supported TSA's core passenger screening mission with integrated logistics since 2013. About Leidos Leidos is an industry and technology leader serving government and commercial customers with smarter, more efficient digital and mission innovations. Headquartered in Reston, Virginia, with 48,000 global employees, Leidos reported annual revenues of approximately $15.4 billion for the fiscal year ended December 29, 2023. 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 December 29, 2023, 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: Brandon Ver Velde(571) 526-6257[email protected] Greg Hellman(571) 526-7592[email protected] SOURCE Leidos Holdings, Inc. WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM? 440k+ Newsrooms & Influencers 9k+ Digital Media Outlets 270k+ Journalists Opted In

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