Leidos Holdings - LDOS STOCK NEWS

Leidos (NYSE: LDOS) has appointed Daryle Lademan as Senior Vice President of Corporate Strategy, effective March 31, 2025. Lademan, who brings three decades of defense and government technology experience, will report to Chief Growth Officer Jason Albanese and lead the company's growth strategies, strategic partnerships, and NorthStar 2030 strategy implementation.

Previously, Lademan spent 15 years at BAE Systems, where she led U.S. strategy and planning at the enterprise level. She also held leadership positions at The Avascent Group and CSP Associates. Lademan is a former president of Women in Aerospace and holds degrees from George Washington University and the University of Central Florida.

Leidos, headquartered in Reston, Virginia, employs 48,000 people globally and reported annual revenues of approximately $16.7 billion for the fiscal year ended January 3, 2025.

Leidos has successfully completed a guided flight test of their Small Cruise Missile (SCM), dubbed Black Arrow, from an AC-130J aircraft. The test demonstrated the missile's compatibility, system performance, and integration with the Naval Surface Warfare Center Battle Management System.

The Black Arrow is a 200-lb class mission adaptable delivery platform designed for both kinetic and non-kinetic missions. The test was conducted under a Collaborative Research and Development agreement between Leidos, USSOCOM, and AFSOC.

The missile can be launched through various methods, including from C-130 ramp via custom Ramp Launch Tube, palletized launch, and conventional store release from fixed-wing aircraft. Leidos is currently under contract with USSOCOM to continue test and evaluation activities throughout 2025.

Leidos (NYSE:LDOS) has appointed Adam Clarke as the new chief executive of Leidos U.K. & Europe, effective March 31, 2025. Clarke brings over 20 years of experience in aerospace, defence and security sectors, replacing Eric Freeman who will return to the U.S. after facilitating the transition.

Clarke previously served as U.K. managing director for Leonardo's helicopters division and held various senior positions during his two-decade tenure there, including strategy and competitive analysis director for the electronics division. He holds a master's degree in manufacturing engineering and operations management from the University of Nottingham and an MBA from INSEAD Business School.

According to Vicki Schmanske, Leidos Commercial & International Sector president, Clarke's appointment aligns with the company's focus on programme excellence and strategic growth for their U.K. operations, particularly in defence logistics modernization and mission software development.

Hampton University has appointed four distinguished executives to its Board of Trustees, including Gerard 'Gerry' Fasano, Executive Vice President and Chief Growth Officer at Leidos (NYSE: LDOS). The other appointees are Pleasant Brodnax III, Rashida Jones, and David B. Stith.

Notably, Fasano previously served as EVP and President of Leidos Defense Group, where he led 13,000 employees and drove $4.5 billion in revenue, achieving 10% year-over-year growth, managing a $60 billion pipeline, and securing $50 billion in new business awards. His expertise in strategic innovation, defense solutions, and corporate expansion will contribute to Hampton's growth in STEM, business, and defense-related fields.

Leidos (NYSE:LDOS) has achieved recognition as one of the World's Most Ethical Companies® for the eighth consecutive year, as announced by Ethisphere. The company stands as one of only two honorees in the Information Technology category for 2025.

The recognition is based on Ethisphere's Ethics Quotient® assessment, which evaluates companies across more than 240 proof points related to ethics, compliance, governance, environmental and social impact, and value chain initiatives. Leidos, headquartered in Reston, Virginia, operates with 48,000 global employees and reported annual revenues of approximately $16.7 billion for the fiscal year ended January 3, 2025.

The company's ethical foundation is built on its Code of Conduct, which guides employees in maintaining high ethical standards in daily operations. In 2025, a total of 136 companies across 19 countries and 44 industries received this prestigious recognition.

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.