01.05.2024 16:29:25 - dpa-AFX: Leidos Holdings Secures $206 Mln NGA Mission Software Modernization Contract
WASHINGTON (dpa-AFX) - Leidos Holdings, Inc. (LDOS), Wednesday announced
that it has received a contract by the National Geospatial-Intelligence Agency
or NGA's Exploitation Services Program to revamp and maintain efficiency and
operability of geospatial processing.
The contract, referred as Maru, is capped at $206 million, if all the tasks are
executed within a five-year period, the company stated.
The technology solutions provider would offer services such as, mission software
development, sustainment and technology insertion, testing and user-acceptance,
and enterprise deployment of analytical capabilities for geospatial processing.
Currently, Leidos's stock is moving down 1.04 percent, to $138.76 on the New
York Stock Exchange.
Copyright(c) 2024 RTTNews.com. All Rights Reserved
Copyright RTT News/dpa-AFX