Leidos Secures $128 Million Contract with FBI to Modernize Biometric System
In a significant development, Leidos Holdings Inc has been awarded a major contract by the Federal Bureau of Investigation (FBI) to modernize its Next Generation Identification (NGI) system. This cutting-edge biometric system will enable the FBI and other law enforcement agencies to enhance their investigative capabilities, thanks to the advanced technology and expertise provided by Leidos.
The contract, valued at $128 million, is a testament to Leidos’ reputation for delivering high-quality scientific, engineering, and technical services to the national security and health sectors. The company has a proven track record of improving the accuracy of the NGI system, with fingerprint identification accuracy exceeding 99.6 percent. This level of precision is a significant achievement, and it underscores Leidos’ commitment to delivering innovative solutions that meet the complex needs of its clients.
A Strong Track Record and a Stable Stock Price
Leidos’ expertise in biometric systems and its ability to deliver high-quality services have been recognized by the market. The company’s stock price has remained relatively stable, with a recent close price of $161.51. This stability is a reflection of the company’s solid financial foundation, which is further reinforced by its substantial market capitalization of $21 billion.
What This Means for Leidos and Its Clients
The $128 million contract with the FBI is a significant win for Leidos, and it underscores the company’s position as a leader in the provision of scientific, engineering, and technical services to the national security and health sectors. This contract will enable the FBI and other law enforcement agencies to enhance their investigative capabilities, and it will help to drive the development of more advanced biometric systems in the future.
- Key highlights of the contract:
- Valued at $128 million
- Enables the FBI and other law enforcement agencies to enhance their investigative capabilities
- Demonstrates Leidos’ expertise in biometric systems and its ability to deliver high-quality services
- Reflects the company’s commitment to delivering innovative solutions that meet the complex needs of its clients