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Overview of Leidos Holdings, Inc.
Leidos Holdings, Inc. (NYSE: LDOS) is a Fortune 500® science, technology, and engineering company headquartered in Reston, Virginia. With a global workforce of approximately 48,000 employees, Leidos provides cutting-edge solutions across the defense, intelligence, civil, and health markets. The company is renowned for its ability to address complex challenges in highly regulated industries, leveraging expertise in digital modernization, cybersecurity, artificial intelligence (AI), and systems engineering.
Core Business Segments
Leidos operates through three primary business segments:
- Defense Solutions: This segment delivers advanced technologies, solutions, and services to government and commercial clients. It encompasses areas such as intelligence systems, logistics support, and mission-critical IT solutions, with a strong focus on supporting the U.S. Department of Defense and allied defense agencies.
- Civil: The Civil segment focuses on providing innovative solutions for infrastructure modernization, energy efficiency, and aviation systems. It collaborates with agencies like the Federal Aviation Administration (FAA) to enhance safety and operational efficiency.
- Health: Leidos' Health segment addresses critical healthcare challenges by offering managed health services, clinical research support, and digital health solutions. It partners with organizations like the Department of Veterans Affairs to improve healthcare delivery and outcomes.
Market Position and Competitive Landscape
Leidos is a key player in the global technology and defense sectors, competing with companies like Booz Allen Hamilton, Northrop Grumman, and Raytheon Technologies. Its ability to integrate advanced technologies, such as AI-enabled cybersecurity and digital modernization, sets it apart in the market. The company’s diverse portfolio and extensive experience in managing large-scale government contracts further solidify its market position.
Revenue Model and Customer Base
Leidos generates revenue primarily through long-term government contracts, including those with the U.S. Department of Defense, the Department of Homeland Security, and the National Geospatial-Intelligence Agency. It also serves commercial clients, offering tailored solutions in sectors like energy, aviation, and healthcare. Its business model emphasizes a mix of fixed-price, cost-plus, and time-and-materials contracts, ensuring steady cash flow and adaptability to client needs.
Technological Expertise and Innovation
Innovation is at the core of Leidos' operations. The company excels in areas like cybersecurity, artificial intelligence, cloud computing, and data analytics. Its Trusted Mission AI framework exemplifies its commitment to integrating advanced technologies into mission-critical applications. Additionally, Leidos invests in research and development to maintain its competitive edge and address emerging challenges in national security and healthcare.
Significance in National Security and Health
Leidos plays a pivotal role in safeguarding national security and enhancing public health. Its contributions include developing secure cryptographic key management systems, supporting geospatial intelligence operations, and providing medical disability examination services for veterans. The company’s work ensures the resilience of critical infrastructure and the effectiveness of government missions.
Global Reach and Impact
With operations spanning multiple continents, Leidos addresses global challenges in defense, health, and civil infrastructure. Its international collaborations, such as partnerships with allied defense organizations and commercial enterprises, underscore its commitment to creating a safer and more efficient world.
Conclusion
Leidos Holdings, Inc. exemplifies excellence in science, technology, and engineering. Its ability to deliver innovative, mission-critical solutions across diverse sectors makes it a cornerstone of national security, healthcare, and infrastructure modernization efforts. With a strong foundation in technological expertise and a commitment to addressing complex challenges, Leidos continues to be a trusted partner for government and commercial clients worldwide.
Leidos (NYSE:LDOS) and SeeTrue have announced a strategic partnership to enhance airport security and customs screenings through AI-powered threat detection technology. The collaboration combines Leidos' Trusted Mission AI approach with SeeTrue's advanced algorithms to detect prohibited items more efficiently.
Michael Van Gelder, Senior Vice President at Leidos, emphasized the partnership's goal of delivering innovative solutions with advanced threat detection capabilities. The integration of third-party detection algorithms aims to accelerate development to meet evolving customer needs, with a focus on currency and narcotics detection that will soon be deployed through Leidos' ClearScan CT scanner.
Assaf Frenkel, Co-founder & CEO of SeeTrue, highlighted how the partnership leverages open architecture and AI technology to automate threat detection across security and customs markets, reinforcing their shared commitment to creating a safer world.
Leidos Holdings (NYSE:LDOS) announced the expiration of its cash tender offer for its 3.625% Senior Notes due 2025. The tender offer, conducted by wholly-owned subsidiary Leidos, Inc., expired on February 20, 2025, at 5:00 p.m., New York City time.
As of the expiration time, $267,393,000, representing 53.48% of the $500 million aggregate principal amount outstanding, had been validly tendered. Holders who validly tendered their notes will receive $998.30 for each $1,000 principal amount, plus accrued and unpaid interest from November 15, 2024, up to the settlement date of February 25, 2025.
The tender offer is being managed by Citigroup Global Markets, J.P. Morgan Securities, and U.S. Bancorp Investments as Dealer Managers, with Global Bondholder Services serving as the depositary agent and information agent.
Leidos Holdings (NYSE:LDOS) has announced pricing terms for its cash tender offer to purchase any and all outstanding 3.625% Senior Notes due 2025. The tender offer, made through its subsidiary Leidos, Inc., will expire at 5:00 p.m., New York City time, on February 20, 2025.
Holders who validly tender their notes will receive the Notes Consideration plus accrued and unpaid interest from November 15, 2024, up to the Settlement Date, expected to be February 25, 2025. The tender offer is contingent on Leidos completing a new senior notes offering that will generate sufficient proceeds to repurchase tendered 2025 Notes and repay any remaining outstanding notes.
Citigroup, J.P. Morgan, and U.S. Bancorp are acting as Dealer Managers for the tender offer, with Global Bondholder Services serving as the depositary and information agent.
Leidos (NYSE: LDOS) has announced the promotion of Jason Albanese to corporate executive vice president and chief growth officer, effective March 3, 2024. He will succeed Gerry Fasano, who is retiring on April 4 after a 40-year career. Albanese, currently senior vice president of growth for the company's National Security sector, will report directly to CEO Tom Bell and will be key in implementing the company's NorthStar 2030 strategy.
The announcement comes as Leidos reported record financial performance for 2024, including its best fourth quarter book-to-bill ratio. Albanese, who joined Leidos in 2017 following the merger with Lockheed Martin's Information Systems and Global Solutions organization, brings experience in growth, business development, program management, and engineering.
Leidos Inc (NYSE:LDOS) has launched a cash tender offer for all outstanding 3.625% Senior Notes due 2025. The tender offer expires on February 20, 2025, at 5:00 p.m. ET, unless extended. The total principal amount outstanding is $500 million.
The Notes Consideration will be determined based on the U.S. Treasury Reference Security yield plus a fixed spread of 0 bps. Holders will receive accrued and unpaid interest from November 15, 2024, up to the settlement date, expected to be February 25, 2025.
The tender offer is contingent on Leidos completing a new senior notes offering to generate sufficient funds for the repurchase. If any 2025 Notes remain outstanding after the tender offer, Leidos expects to satisfy and discharge them according to the indenture terms.
Leidos (LDOS) reported strong financial results for Q4 and FY 2024. Q4 revenues reached $4.4 billion (up 10% YoY), while full-year revenues hit $16.7 billion (up 8% YoY). Q4 diluted EPS was $2.12 (up 28% YoY), and full-year EPS reached $9.22 (up 540% YoY).
The company demonstrated robust operational performance with Q4 net income of $282 million and full-year net income of $1.25 billion. Cash flows from operations were $299 million for Q4 and $1.4 billion for the year. Backlog grew to $43.6 billion, up 18% YoY, with a 2024 book-to-bill ratio of 1.4.
Looking ahead, Leidos provided FY2025 guidance projecting revenues between $16.9-17.3 billion, with non-GAAP diluted EPS of $10.35-10.75 and operating cash flow of approximately $1.45 billion.
Leidos Holdings (NYSE:LDOS) has announced its board of directors has declared a quarterly cash dividend of $0.40 per outstanding share of common stock. The dividend will be paid on March 28, 2025, to stockholders of record as of March 14, 2025.
The company, headquartered in Reston, Virginia, is an industry and technology leader providing digital and mission innovations to government and commercial customers. With 48,000 global employees, Leidos reported annual revenues of approximately $15.4 billion for the fiscal year ended December 29, 2023.
Nauticus Robotics (NASDAQ: KITT) has formed a strategic alliance with Leidos (NYSE: LDOS) to advance subsea autonomy solutions. The partnership builds upon their previous successful collaboration and aims to develop next-generation autonomous underwater systems.
Nauticus will contribute its commercial subsea vehicle development expertise, including its Aquanaut system and proprietary ToolKITT software platform, to enhance future unmanned underwater vehicles. The company specializes in developing autonomous robots for ocean industries, focusing on reducing operational costs and maintaining subsea infrastructure.
The alliance combines Nauticus' autonomous robotics capabilities with Leidos' technology leadership, who reported annual revenues of $15.4 billion for fiscal year 2023 and employs 48,000 people globally.
Leidos (NYSE:LDOS) has secured a follow-on checkpoint sustainment contract with the Transportation Security Administration (TSA) worth up to $2.6 billion over an eight-year period. The contract involves maintaining 12,000 units of Transportation Security Equipment across more than 430 airport locations in the U.S. and its territories.
Under the agreement, Leidos will collaborate with original equipment manufacturers to ensure high operational availability through preventive, corrective, and depot maintenance. The company will provide program management, contractor logistics support, supply chain risk analysis, TSA service response center oversight, and IT infrastructure development.
Leidos maintains a dedicated system supporting field service technicians, capturing metrics, and utilizing predictive analytics through their Trusted Mission AI to support screening system availability. The company has been supporting TSA's passenger screening mission with integrated logistics since 2013.
Leidos (NYSE: LDOS) has secured a new prime contract worth $120 million from the Naval Information Warfare Center Pacific to provide Key Management Architecture & Engineering and Cyber Security Engineering Support Services to the Department of Defense, Intelligence Community and civilian agencies. The contract includes a one-year base period with four one-year optional extensions.
Under this agreement, Leidos will focus on designing, developing, testing, integrating, and maintaining technologies for key management systems. The company will continue its role in securely designing and deploying electronic cryptographic key material for U.S. and allied national security customers.
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