Leidos' CEMA work moves to program of record with recent award

Rhea-AI Summary

Leidos' Dynetics Group awarded $124.7M CEMA contract from U.S. Army Contracting Command to support Army's Missile and Space Program Executive Office (PEO).

Positive

• The contract strengthens Leidos' partnership with the Army and enhances cyber protection of critical weapon systems.
• The contract enables the Army to take advantage of more data-centric capabilities and enhances operations in contested environments.

Negative

• None.

HUNTSVILLE, Ala., Sept. 12, 2023 /PRNewswire/ -- Leidos announced today that its Dynetics Group was recently awarded a $124.7M Cyber Electromagnetic Activities (CEMA) contract from U.S. Army Contracting Command to support the US Army's Missile and Space Program Executive Office (PEO).  This award is critical to the safety and security of the U.S. warfighter because it provides CEMA resiliency to vital Army PEO Missile and Space weapon systems.

CEMA resiliency enables US Army Air and Missile Defense weapon systems to endure and fight through cyber attacks and defend US forces. Conducting Survivability and Resiliency Exercises (SuReX) focuses on providing unequalled assessment and non-attributable testing for simultaneous, layered CEMA effects.

"We're proud to build on our partnership with the Army to create and now deploy innovative capabilities to enhance the cyber protection of critical weapon systems,"  said Jonathan Pettus, Senior Vice President and Operations Manager for Leidos Dynetics Aerospace, Defense and Civil. "This contract enables the Army to take advantage of more data-centric capabilities. The work is focused on enabling effective operations in contested environments, while staying ahead of adversaries on future battlefields."

Work on CEMA/SuReX will be performed at Redstone Arsenal and other test facilities, including the Army FIRES Center of Excellence in Fort Sill, Oklahoma.

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 31, 2021, 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.

About Leidos

Leidos is a Fortune 500^® technology, engineering, and science solutions and services leader working to solve the world's toughest challenges in the defense, intelligence, civil, and health markets. The company's 46,000 employees support vital missions for government and commercial customers. Headquartered in Reston, Virginia, Leidos reported annual revenues of approximately $14.4 billion for the fiscal year ended December 30, 2022. For more information, visit www.Leidos.com.

Contact:

Alyssa Pettus O: 571-526-6743 C: 571-992-5499 alyssa.t.pettus@leidos.com Mackenzie Hicks O: 256-964-4034 C: 256-929-5229 shawna.hicks@dynetics.com

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SOURCE Dynetics; Leidos