April 23 (Reuters) – Defense contractor Leidos said on Thursday it won a $617 million contract from the U.S. Army for additional launchers for its Indirect Fire Protection Capability Increment 2 (IFPC Increment 2) ground-based air defense system. Here are some more details: • Leidos is the latest defence company to secure a Pentagon order […]
Business
Leidos gets $617 million U.S. Army contract as Pentagon steps up replenishment
Audio By Carbonatix
April 23 (Reuters) – Defense contractor Leidos said on Thursday it won a $617 million contract from the U.S. Army for additional launchers for its Indirect Fire Protection Capability Increment 2 (IFPC Increment 2) ground-based air defense system.
Here are some more details:
• Leidos is the latest defence company to secure a Pentagon order in recent months, as the U.S. government moves to ramp up defense production amid ongoing global conflicts that have depleted missile and munitions stockpiles.
• Including the latest contract, Leidos said it has orders worth nearly $1.2 billion from the U.S. Army.
• The Renton, Virginia-based company said it has more than 100 launchers committed for delivery.
• The latest contract will help support continued research, development and testing and potentially pave the way for future orders through 2029, it said.
(Reporting by Nandan Mandayam in Bengaluru; Editing by Diti Pujara)