Leidos Bags Contract To Support Medicare And Medicaid Services

Leidos Holdings Inc LDOS has secured a new task order from the Centers for Medicare and Medicaid Services (CMS). 

The hybrid firm-fixed-price, time and materials order has a total estimated value of $197 million. 

Through the order, Leidos will support the Office of Information Technology (OIT) and the Infrastructure and User Support Group.

Under the order agreement, Leidos will deliver a personalized and modern IT support service to CMS.

This will involve the implementation of new processes to streamline end-users' experiences and the integration of advanced technologies across multiple platforms.

"We are delighted to extend our work with CMS in its transformative digital modernization journey, elevating the end-user experience to new heights," said Liz Porter, Leidos Health Group President.

Price Action: LDOS shares are trading higher by 0.77% at $98.41 on Monday.