RESTON, Va., Feb. 5, 2018 -- Leidos (NYSE: LDOS), a Fortune 500® information technology, engineering, and science leader, announced today it has joined forces with IBM, Unisys, and Verizon Enterprise Solutions to pursue the U.S. Navy's Next Generation Enterprise Networks Re-compete (NGEN-R) Service Management, Integration and Transport (SMI&T) program.
The team brings decades of experience supporting the federal government's evolving information technology (IT) needs. Leidos is the largest government systems integrator and the top provider of IT services and technical solutions to the U.S. Federal government. IBM has a track record of pioneering innovation, and houses one of the world's largest research and development organizations. Unisys builds high-performance, security-centric solutions for the most digitally demanding businesses and governments on earth. Verizon Enterprise Solutions is a leading provider of IT solutions to the Federal government, and is continually recognized for its portfolio of security, wireless, and network services. Combined, the team offers commercial best practices through research and development innovation, technology leadership, and the security expertise needed to provide a smooth transition to a future system that will achieve the Navy's critical modernization mission.
NGEN-R SMI&T will provide IT and support services to the Navy Marine Corps Intranet (NMCI), Marine Corps Enterprise Network (MCEN), and the Outside of the Continental United States (OCONUS) Navy Enterprise Network (ONE-Net). The team's breadth of experience and history of mission-focused IT solutions demonstrates its capability to support the Navy and Marines' global operations.
"Leidos is a leading global solutions integrator with a prominent portfolio among the international federal IT solutions and service providers," said Roger Krone, Leidos Chairman and Chief Executive Officer. "The merger with Lockheed Martin's former Information Systems & Global Solutions Business strengthened our scale to provide cost-effective, agile, and 'speed to mission' capabilities that solve our customers' most challenging problems. The Leidos team offers unmatched execution excellence, proven engineering rigor, and business analytics that can expertly support the Navy's critical missions anytime and anywhere."
Leidos is a Fortune 500® science and technology solutions and services leader working to solve the world's toughest challenges in the defense, intelligence, homeland security, civil, and health markets. The company's 32,000 employees support vital missions for government and commercial customers. Headquartered in Reston, Virginia, Leidos reported annual revenues of approximately $7.04 billion for the fiscal year ended December 30, 2016. For more information, visit www.Leidos.com.
Statements in this announcement, other than historical data and information, constitute forward-looking statements that involve risks and uncertainties. A number of factors could cause our actual results, performance, achievements, or industry results to be very different from the results, performance, or achievements expressed or implied by such forward-looking statements. Some of these factors include, but are not limited to, the risk factors set forth in the company's Annual Report on Form 10-K for the period ended December 30, 2016, and other such filings that Leidos makes with the SEC from time to time. Due to such uncertainties and risks, readers are cautioned not to place undue reliance on such forward-looking statements, which speak only as of the date hereof.