Leidos Awarded $13M Contract By NATO Support Agency


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Leidos (NYSE: LDOS), a nationalsecurity, health and engineering solutions company, was awarded a primecontract by the North Atlantic Treaty Organization (NATO) Support Agency(NSPA) to manage the NATO Fuel Monitoring System (NFMS). The single-award,firm-fixed-price contract has a ten-month base period of performance, fiveone-year options, and a total value of approximately $13 million, if alloptions are exercised. Varec Inc., a wholly-owned subsidiary of Leidos, willperform work at various locations outside the continental United States.Leidos logo.The NSPA is NATO's integrated logistics and services provider agency thatbrings together logistics and procurement support activities, providingintegrated multinational support solutions for its stakeholders. Under thecontract, Varec will provide activities to manage, implement, test andmaintain the NATO NFMS, which assists with the management of petroleum oilsand lubricants sales, fuel inventory, and governance. The NFMS will consist ofenterprise and facility level subsystems.  The implementation of an enterpriseNFMS subsystem on a central server will collect inventory and fuel transactiondata from each of the NFMS clients at NATO military installations."The contract provides an opportunity to deploy several significant newcapabilities for NFMS including a new enterprise mobile application forautomatic data collection of fuel sale, receipt and shipment information,"said Tim Archer, chief technology officer at Varec, Inc.Other capabilities include an enterprise data synchronization technology thatautomatically exchanges data through the Internet between servers distributedin theatre and enterprise server; and a new enterprise mobile application thatwill be deployed for automatic data collection of fuel sale, receipt andshipment information. In addition, an integrated vehicle tracking solutionwill monitor the movement of fuel within the theatre of operations using GPSand mapping technologies. "Leidos is proud to provide innovative solutions to support key elements ofthe capabilities of the NATO Support Agency in fuel management andoperations," said Larry Hill, Leidos group president.About Leidos                     Leidos is a science and technology solutions leader working to address some ofthe world's toughest challenges in national security, health, and engineering.The Company's 22,000 employees support vital missions for our government andthe commercial sector, develop innovative solutions to drive better outcomes,and defend our Nation's digital and physical infrastructure from 'new world'threats. Headquartered in Reston, Va., Leidos had annual revenues ofapproximately $5.77 billion for its fiscal year ended January 31, 2014,following the spin-off of the company's technical services and informationtechnology business. 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. Anumber of factors could cause our actual results, performance, achievements,or industry results to be very different from the results, performance, orachievements expressed or implied by such forward-looking statements. Some ofthese factors include, but are not limited to, the risk factors set forth inthe company's Annual Report on Form 10-K for the period ended January 31,2014, 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 unduereliance on such forward-looking statements, which speak only as of the datehereof.

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New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.


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