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Leidos, a technology innovator, secured a $631 million contract from the US Army. The DIABLO program positions Leidos as a key mission equipment provider for the Army for the next decade. The contract entails developing, acquiring, and supporting aerial intelligence, surveillance, and reconnaissance sensors and systems. Leidos' platform-agnostic solutions focus on interoperability and adaptability for enhanced battlespace awareness.
Leidos, a Fortune 500 innovation leader, secured a $206 million contract from the National Geospatial-Intelligence Agency to modernize geospatial processing. The contract, named Maru, aims to enhance efficiency and interoperability over a five-year period. Leidos will develop, sustain, and deploy analytical capabilities for geospatial processing, supporting NGA's day-to-day operations.
Leidos Holdings, Inc. reported strong financial results for the first quarter of fiscal year 2024, with revenues of $4.0 billion, up 7% year-over-year. Net income was $283 million, with EPS of $2.07. Adjusted EBITDA was $490 million, and non-GAAP diluted EPS was $2.29, showing significant growth. Cash flows from operations were $63 million, and net bookings were $3.7 billion. Leidos raised its guidance for FY24, expecting profitable growth and increased performance.
Leidos Holdings, Inc. (NYSE: LDOS) has declared a quarterly cash dividend of $0.38 per outstanding share of common stock, payable on June 28, 2024. The company, a Fortune 500® innovation company, focuses on national security and health challenges, with annual revenues of approximately $15.4 billion. Headquartered in Reston, Virginia, Leidos has a global workforce of 47,000.
