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Joint Venture Company to Provide Environmental Remediation Services to Northwest Division Federal Customers
RESTON, Va., July 8, 2014 /PRNewswire/ -- Leidos-CDM Solutions, a joint venture between Leidos (NYSE: LDOS) and CDM Smith, was awarded a prime contract by the U.S. Army Corps of Engineers (USACE), Kansas City District to provide environmental remediation services (ERS) and long-term response actions (LTRA). The indefinite-delivery/indefinite-quantity (IDIQ) multiple-award task order contract (MATOC) has a three-year base period of performance, one two-year option, and a total contract value of $120 million for all awardees, if the option is exercised. Leidos-CDM Solutions is one of six contractors eligible to compete for work under the MATOC.
Under the contact, Leidos-CDM Solutions will provide ERS/LTRA services to clean up contaminated sites to remove environmental hazards, such as pollution of air, soil and groundwater, which pose serious health hazards to humans and the environment. Cleanup efforts will allow for the reuse of the properties.
"We look forward to continuing our long-term support to the USACE's critical mission. Working with CDM Smith, we'll help to restore polluted land to safe conditions for use today and provide sustainable solutions for tomorrow," said Leidos-CDM Solutions Joint Venture President John Lynch.
Leidos is a FORTUNE 500® science and technology solutions leader working to address some of the world's toughest challenges in national security, health and engineering. The Company's 22,000 employees support vital missions for our government and the commercial sector, develop innovative solutions to drive better outcomes, and defend our Nation's digital and physical infrastructure from 'new world' threats. Headquartered in Reston, Va., Leidos reported annual revenues of approximately $5.77 billion for its fiscal year ended January 31, 2014, after giving effect to the spin-off of the company's technical services and information technology business. For more information, visit www.Leidos.com.
About CDM Smith
CDM Smith provides lasting and integrated solutions in water, environment, transportation, energy, and facilities to public and private clients. As a full-service engineering and construction firm, CDM Smith delivers exceptional client service, quality results, and enduring value across the entire project life cycle. Visit us at cdmsmith.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 January 31, 2014, 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.
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