Leidos Secures $445M Deal To Offer IT Services To Air Force
Zacks Investment Research | Sep 05, 2019 09:09PM ET
Leidos Holdings, Inc. (NYSE:LDOS) recently secured a contract worth $445.4 million for providing a full range of classified and unclassified information technology services to the Air Force in the National Capital Region. The contract was awarded by the Air Force, District of Washington Contracting, Joint Base Andrews, MD.
Work related to the deal will be performed in National Capital Region to include Joint Base Andrews, Joint Base Anacostia-Bolling and the Pentagon, which is expected to be concluded by Sep 2, 2024.
Rising Demand for IT Services in Aerospace-Defense
Over the last few years, demand for complex information technology services in the Aerospace market has witnessed a significant rise. A major reason behind the demand growth is escalation in the frequency of cyber threats recently and the emergence of disruptive digital technologies, among others.
The growing demand for IT services has also risen from the Air Force’s increasing requirement of IT program management services, cybersecurity programs, machine learning, AI, enterprise IT operations and systems planning services. Furthermore, the global acceptance for cloud software solutions have been fueling IT services growth from companies across the Zacks Investment Research
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