RESTON, Va. - Leidos (NYSE: LDOS), a Fortune 500 science and technology company, has been awarded a $143M contract by the Defense Intelligence Agency (DIA) to develop a Tasking, Collection, Processing, Exploitation and Dissemination (TCPED) system. The system will support the DIA's Open Source Intelligence Integration Center (OSIC), enhancing intelligence operations with advanced data processing capabilities.
The contract falls under the DOMEX Technology Platform (DTP) indefinite delivery, indefinite quantity (IDIQ) framework, positioning Leidos to extend its services within the national security sector. The work is set to take place in the National Capital Region with additional software development efforts distributed across Leidos facilities.
Leidos will draw upon its experience with the National Media Exploitation Center's (NMEC) Data Discovery (NASDAQ:WBD) Platform (D3P), which has improved the handling of vast amounts of unstructured data, facilitating intelligence sharing across federal agencies. The new task order aims to leverage artificial intelligence (AI) and machine learning (ML) to advance the DIA's intelligence missions.
Roy Stevens, President of Leidos National Security Sector, stated, "Our work is a testament to the Leidos legacy of innovative, mission-focused and data-driven solutions." He expressed the company's commitment to expanding their technical and mission success from NMEC to OSIC.
The initiative is expected to bolster national security by operationalizing AI and ML, enabling deeper analysis of critical data streams. The contract reflects Leidos' continued growth in revenue, with the company reporting approximately $15.4B for the fiscal year ended December 29, 2023.
While the announcement includes forward-looking statements, these are based on current management expectations and are subject to risks and uncertainties, as detailed in Leidos' SEC filings.
This news is based on a press release statement from Leidos and does not include any speculative or promotional content.
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