Leidos Holdings, Inc. (NYSE: LDOS), a FORTUNE® 500 science and technology leader, today announced that its wholly-owned subsidiary, Leidos, Inc., priced $500 million aggregate principal amount of 2.950% notes due 2023, $500 million aggregate principal amount of 3.625% notes due 2025 and $750 million aggregate principal amount of 4.375% notes due 2030 in connection with its previously announce private offering pursuant to Rule 144A and Regulation S under the Securities Act of 1933, as amended. The Notes will be the senior unsecured obligations of the Issuer and will be fully and unconditionally guaranteed on a senior basis by Leidos. The Notes and the related guarantee will be structurally subordinated to the liabilities of Leidos' and the Issuer's existing and future subsidiaries.

The offering is expected to close on May 12, 2020, subject to customary closing conditions.

About Leidos

Leidos is a Fortune 500® information technology, engineering, and science solutions and services leader working to solve the world's toughest challenges in the defense, intelligence, homeland security, civil, and health markets. The company's 37,000 employees support vital missions for government and commercial customers. Headquartered in Reston, Va., Leidos reported annual revenues of approximately $11.09 billion for the fiscal year ended January 3, 2020. For more information, visit www.Leidos.com.