Leidos was recently awarded a prime contract and three subcontracts by the Centers for Medicare and Medicaid Services, or CMS, totaling approximately $102M. The prime contract will support the Office of Information Technology, or OIT, and the Infrastructure and User Services Group, or IUSG. The firm-fixed-price, time and materials prime contract has a five-year period of performance, including an eight-month base period, and an estimated value of $79M. Through this contract, Leidos will focus on managing operations, managed services, and application workloads. Leidos’ support services will provide onboarding, migration planning, modernization support and maintenance for the current and future applications hosted in the enterprise’s hybrid cloud environments.
Protect Your Portfolio Against Market Uncertainty
- Discover companies with rock-solid fundamentals in TipRanks' Smart Value Newsletter.
- Receive undervalued stocks, resilient to market uncertainty, delivered straight to your inbox.
Published first on TheFly
See Insiders’ Hot Stocks on TipRanks >>
Read More on LDOS:
- Leidos selects Thomas Bell as incoming CEO
- Leidos, Inc. Announces the Expiration and Results of Cash Tender Offer for Any and All 2.950% Senior Notes Due 2023
- Leidos, Inc. Announces Pricing Terms of Cash Tender Offer for Any and All 2.950% Senior Notes Due 2023
- Leidos named principle contractor for London Luton Airport technology upgrades
- Leidos awarded contract by TSA