Leidos Gets $617 Million Army Contract as Pentagon Steps Up Replenishment

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 defense 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.