U.S. Army Corps of Engineers Awards Leidos Prime Contract

RESTON, Va., Sept. 12, 2017 /PRNewswire/ -- Leidos (NYSE: LDOS), a FORTUNE 500^® science and technology company, was awarded a prime contract by the U.S. Army Corps of Engineers (USACE), St. Louis District, to provide hazardous, toxic and radioactive waste (HTRW) investigations and environmental remediation. The single-award, indefinite delivery/indefinite quantity, cost-plus fixed-fee contract has a one-year base, with an ultimate completion date of February 2023 if all options are exercised.  Total contract value is approximately $49 million. Work will be performed primarily in St. Louis, Mo., and Burlington, Iowa.

A key part of the USACE's environmental mission is cleaning up low-level radioactive and chemical waste from the nation's early atomic weapons program through the Formerly Utilized Sites Remedial Action Program (FUSRAP). Leidos will work cooperatively with the USACE, St. Louis District to employ innovative, cost-effective environmental investigations and remedial solutions at four major sites that were contaminated with waste from the Manhattan Project as well as approximately 100 potentially impacted vicinity properties.

With more than 18 years performing all scope elements for USACE St. Louis FUSRAP, Leidos possesses unmatched mission understanding and program-specific expertise in radiological clearance, remedial design and remediation of contaminated soils, and the management of the only on-site radiochemistry laboratory with Department of Defense Environmental Laboratory Accreditation Program (ELAP) accreditation. The Leidos team will perform HTRW investigations, conduct environmental monitoring, develop Comprehensive Environmental Response, Compensation, and Liability Act (CERCLA) decision documents, manage/operate a full-service radiological laboratory, provide data management, and support community involvement efforts for environmental programs managed by USACE.

"This award represents the important relationship between Leidos and the USACE, St. Louis District," said Leidos Civil Group President Angie Heise. "Our tremendous depth of experience, strong past performance and thorough understanding of the St. Louis District FUSRAP sites will support this historic program's path to closure."

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.

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SOURCE Leidos