Leidos Holdings, Inc. ( LDOS ) shares are trading higher on Wednesday.

According to Benzinga Pro, LDOS stock has gained 50% in the past year. Investors can gain exposure to the stock via Global X Funds Global X Defense Tech ETF and Amplify ETF Trust Amplify Cybersecurity ETF .

The company said it was recently awarded a contract by the National Geospatial-Intelligence Agency’s  Interated Program Office for Analysis for lifecycle management of existing and emerging analytics systems.

The single award, indefinite delivery, indefinite quantity (IDIQ) contract, known as Chinook, has a ceiling value of $86.4 million if all task orders are fulfilled over five years.

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“Geospatial intelligence analysts use a spectrum of tools and need them to perform to support their missions,” said Roy Stevens, Leidos National Security Sector President.

Under the Chinook contract, Leidos ( LDOS ) will deliver software development, systems engineering, integration, and operations and sustainment services.

This includes support for systems such as the Commercial-Joint Mapping Tool Kit, Target Coordinate Mensuration Validation, Advanced Analyst Augmentation Analytical Cloud Enablement System, and the Tearline open-source intelligence system.

“Building on our longstanding relationship with NGA, we are committed to sustaining and evolving these analysis systems for ongoing decision advantage,” Stevens added.

Leidos ( LDOS ) will employ DevSecOps practices and Zero Trust cybersecurity methodologies to maintain and enhance these systems.

Price Action: LDOS shares are trading higher by 1.37% to $146.81 at last check Wednesday.

Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

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