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News Breaks
June 30, 2014
16:09 EDTLDOSLeidos, Cardno JV awarded $50M IDIQ contract by NAVFAC
Cardno, merger partner Cardno TEC, and Leidos, announced their limited liability company, Cardno TEC-Leidos, was awarded a prime contract by the Naval Facilities Engineering Command, or NAVFAC, Atlantic to provide architectural, engineering, and environmental services in support of the Tactical Training Theater Assessment and Planning, or TAP, program. The single-award indefinite-delivery/indefinite-quantity contract has a one-year base period of performance, four one-year options, and a total contract value of $50M, if all options are exercised.
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June 30, 2015
16:08 EDTLDOSLeidos awarded $10M prime task order by U.S. CECOM
Leidos was awarded a prime task order by the U.S. Army Communications Electronic Command, or CECOM, to provide operation and maintenance support to the Software Engineering Center, or SEC, for the Property Book Unit Supply Enhanced system. The single-award, cost-plus, fixed-fee task order has a one year base period of performance, two one year options and a total contract value of approximately $10M if all options are exercised. Work will be performed primarily in Fort Lee, Virginia.
June 23, 2015
05:53 EDTLDOSLeidos lost number two executive, says Wells Fargo
Wells Fargo believes Leidos lost its number two executive with Lou Von Thaer resigning to become CEO of privately held DynCorp International. Wells views the loss as unexpected and thinks the news "raises some question as to the stability of the management team" under fairly new CEO Roger Krone. The firm keeps a Market Perform rating on Leidos.
05:51 EDTLDOSLeidos announces resignation of Sector President Lewis Von Thaer
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