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Leidos Holdings
NYSE: LDOS
-0.44 (-0.28%)
159.21
USD
At close at Aug 01, 20:38 UTC
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Leidos Holdings Secures $128M FBI Contract to Enhance Biometric Identification Systems

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Cashu
1 day ago
Cashu TLDR
  • Leidos Holdings secures a $128 million contract from the FBI to enhance the Next Generation Identification (NGI) system.
  • The contract aims to improve the accuracy and efficiency of biometric identification for law enforcement agencies.
  • Leidos continues to lead in innovative digital solutions, emphasizing public safety and collaboration with the FBI.
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LDOS
Leidos Holdings
-0.28%

Leidos Enhances Biometric Identification with Major Contract from FBI

Leidos Holdings, a prominent technology and industry firm headquartered in Reston, Virginia, secures a significant task order valued at $128 million from the FBI to enhance the Next Generation Identification (NGI) system. This system, managed by the FBI's Criminal Justice Information Services (CJIS) division, is recognized as the world's largest electronic repository for biometric and criminal history data. With this contract, Leidos aims to further improve the accuracy and efficiency of the NGI system, which currently boasts an impressive fingerprint identification accuracy rate of over 99.6 percent. Such enhancements are vital for bolstering the FBI's investigative capabilities and supporting law enforcement agencies across the nation.

The task order encompasses a base period of one year, with the potential for four additional option years, allowing Leidos to implement advanced features that include mobile applications, biometric algorithms, automated testing, and the integration of emerging technologies. Roy Stevens, president of Leidos National Security Sector, highlights the company's long-standing collaboration with the FBI in developing critical biometric systems, underscoring that these improvements will not only streamline criminal identification processes but also significantly contribute to national safety. The continued evolution of the NGI system represents a crucial investment in public safety and law enforcement capabilities.

As Leidos embarks on this new initiative, the company stands poised to further solidify its reputation as a leader in innovative digital solutions, serving both government and commercial clients. With a robust workforce of approximately 47,000 employees and annual revenues nearing $16.7 billion for the fiscal year ending January 3, 2025, Leidos remains at the forefront of technological advancements that enhance security measures. This new phase of the NGI project reflects Leidos' commitment to leveraging technology in the pursuit of safer communities.

In addition to the task order announcement, Leidos also notes the importance of being aware of the risks and uncertainties associated with future results, as indicated in its forward-looking statements. The company's dedication to transparency and ongoing communication with stakeholders remains a priority as it continues to navigate the complexities of the technology and defense industries. For further information on Leidos and its initiatives, interested parties can visit the company’s website at www.Leidos.com.

The content provided here is for informational purposes only and should not be considered financial or investment advice. Investing in stocks carries risks, including potential loss of principal. Always do your own research and consult with a licensed financial advisor before making any investment decisions. We are not responsible for any losses or damages resulting from your use of this information.

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