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Leidos Holdings, Inc. - LDOS STOCK NEWS

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Leidos Holdings, Inc. (NYSE: LDOS) is a leading science and technology company that provides services and solutions in defense, intelligence, civil, and health markets. Headquartered in Reston, Virginia, Leidos leverages the expertise of its 47,000 employees to tackle some of the world's most pressing challenges. The company is divided into several segments, each catering to specific industries:

  • National Security and Digital: Focuses on cyber, logistics, security operations, and digital transformation for defense and intelligence customers.
  • Health & Civil: Delivers public health solutions, care coordination, and environmental sciences services.
  • Commercial & International: Covers security enterprise solutions, commercial energy offerings, and international business.
  • Defense Systems: Develops advanced space, aerial, surface, and subsurface defense systems.

Leidos reported revenues of approximately $15.4 billion for the fiscal year ending December 29, 2023. The company’s recent projects include:

  • Development of C2IMERA: An advanced command and control tool for the U.S. Air Force.
  • MHS GENESIS Deployment: A federal electronic health record system implemented across all Department of Defense garrison facilities.
  • Mayhem Hypersonic System: Advancing air-breathing hypersonic technologies through a collaborative national team effort.

Financially, Leidos had a strong 2023 with revenues up by 7%, achieving a record net income margin of 7.1% in the first quarter of 2024. The company remains committed to innovation, operational efficiency, and addressing emerging threats in national security and health.

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Leidos has released its 15th annual sustainability report for 2023, highlighting the company's progress in environmental, social, and governance initiatives. The report, aligned with Global Reporting Initiative Standards, focuses on three key areas: cultivating inclusion, advancing environmental sustainability, and promoting healthier lives.

Key achievements include continuous reduction of scope 1 and 2 emissions since 2010, hiring over 2,200 veterans and military spouses, and maintaining strong community engagement through volunteerism and philanthropy. CEO Tom Bell emphasized that sustainability principles are integrated throughout Leidos's operations, programs, and decision-making processes.

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Leidos (NYSE:LDOS) has secured a new contract to modernize the Organ Procurement and Transplant Network (OPTN), awarded by the U.S. Department of Health and Human Services. The multiple-award contract has a potential value of $235 million, including a one-year base period and four one-year options.

The company will compete with other vendors to modernize key aspects of the organ transplant system, aiming to improve transparency, performance, governance, and efficiency. This initiative will benefit over 100,000 people on the national organ transplant waitlist and represents the most significant OPTN reforms in nearly 40 years.

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Leidos (NYSE:LDOS) has secured a new $93 million Technical Assistance for Repairables Processing (TARP) contract from the Naval Supply Systems Command Fleet Logistics Center. The contract includes a one-year base period with four one-year options and a six-month option. Under this contract, Leidos will develop a business intelligence dashboard and provide global field representatives to train U.S. Navy personnel on Reverse Supply Chain operations, including proper packaging of military assets and use of the electronic Retrograde Management System. This marks Leidos' seventh TARP program contract since 2000.

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Leidos (LDOS) reported strong Q3 2024 results with revenues of $4.2 billion, up 7% year-over-year. Net income reached $362 million ($2.68 per diluted share), with a record adjusted EBITDA margin of 14.2%. The company achieved substantial net bookings of $8.1 billion with a book-to-bill ratio of 1.9. Based on strong performance, Leidos raised its FY2024 guidance, projecting revenues of $16.35-16.45 billion and non-GAAP diluted EPS of $9.80-$10.00. The company demonstrated robust cash flow generation with $656 million from operations and returned $254 million to shareholders through dividends and share repurchases.

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Leidos Holdings (NYSE:LDOS) has announced a 5.3% increase in its quarterly cash dividend to $0.40 per share, up from the previous $0.38. The dividend will be paid on December 31, 2024, to stockholders of record as of December 16, 2024. Leidos, a Fortune 500® innovation company focused on national security and health solutions, employs 48,000 people globally and reported annual revenues of approximately $15.4 billion for the fiscal year ended December 29, 2023.

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Leidos (NYSE:LDOS) has received a success memorandum from the Defense Innovation Unit (DIU) for completing key milestones in its Electric Vehicle Charging as a Service (EV CaaS) prototype for the Department of Air Force. The company becomes the sole vendor authorized to provide a FedRAMP-accredited budget-neutral EV CaaS solution for the Department of Defense and U.S. government. Leidos completed initial prototype milestones in under a year at three Air Force bases and was awarded its first production agreement for Edwards Air Force Base. The solution includes make-ready infrastructure, cybersecure EV charging facilities, and a budget-neutral business model.

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Leidos (NYSE:LDOS) has been awarded a $331 million contract to modernize the U.S. Army's network, aligning with the Army's Network Modernization Strategy and Unified Network Plan. The contract, awarded by the Army Program Executive Office for Command, Control and Communications-Tactical Global Enterprise Network Modernization-OCONUS, has a one-year base period with four one-year options.

Leidos will deploy the Army's Global Unified Network (AGUN), which utilizes Software Defined Network technologies and supports the transition to a Zero Trust Architecture. This initiative aims to deliver a standardized, orchestrated modern network architecture, enhancing interoperability and security across all operational levels.

The project will make applications, data, and enterprise services accessible, trusted, and interoperable globally, supporting the Army's divestiture of Joint Regional Security Stacks.

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Leidos, a Fortune 500® innovation leader, has reintroduced its counter-unmanned aerial system (C-UAS) solution under the new name AirShield™. This advanced system is designed to provide robust air defense while on the move, featuring both kinetic and non-kinetic effectors. AirShield offers comprehensive protection against unmanned aerial vehicles (UAVs) in dynamic operational environments.

Key features of AirShield include:

  • Multi-layered system capable of autonomous operation
  • Advanced threat assessment and multiple defense mechanisms
  • Integration of AI for weapon-to-threat pairing
  • Emphasis on cyber resiliency

Leidos plans to field AirShield prototypes with U.S. Southern Command in 2025 and is building a production line for future customer deliveries starting the same year.

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Leidos has been awarded a $249 million contract by the Army Contract Command to enhance security at 92 additional Army and select Joint-Service installation access control points worldwide. The Automated Installation Entry (AIE) Next Generation contract has a six-year period of performance.

As the AIE prime contractor, Leidos has transformed the Army's enterprise Physical Access Control System to a fully extensible cloud-based solution with advanced biometrics modalities. The system is designed to expedite access control for authorized personnel and vehicles, validating identification credentials against authoritative and law enforcement databases.

Leidos will perform work on-site at Army and Joint-Service installations, with systems engineering and test activities primarily executed at their Edgewood, Maryland facility. The cloud deployment aims to provide near real-time updates to authentication requirements in response to changing force protection conditions.

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Leidos (NYSE:LDOS), a Fortune 500® innovation leader, has appointed Leslie Fautsch as the new chief human resources officer. Fautsch will be responsible for supporting 48,000 Leidos employees worldwide and shaping the company's workforce strategy. With nearly 14 years of experience at Leidos, Fautsch has previously led enhancements to total rewards programs and redefined the human capital strategy. She has also held various HR leadership positions within the company, including overseeing compensation, benefits, and recognition programs.

Fautsch is a licensed attorney with a law degree from Marquette University and a bachelor's degree in government and public policy from the University of Notre Dame. Prior to joining Leidos, she served in employee relations, ethics, and HR management roles at another major aerospace company.

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FAQ

What is the current stock price of Leidos Holdings (LDOS)?

The current stock price of Leidos Holdings (LDOS) is $194.195 as of November 6, 2024.

What is the market cap of Leidos Holdings (LDOS)?

The market cap of Leidos Holdings (LDOS) is approximately 26.4B.

What does Leidos Holdings, Inc. do?

Leidos Holdings, Inc. provides technology, engineering, and science solutions in defense, intelligence, civil, and health markets.

Where is Leidos Holdings, Inc. headquartered?

Leidos Holdings, Inc. is headquartered in Reston, Virginia.

How many employees does Leidos have?

Leidos employs approximately 47,000 people.

What are the main business segments of Leidos?

Leidos operates in four main segments: National Security and Digital, Health & Civil, Commercial & International, and Defense Systems.

What were Leidos' revenues for the fiscal year 2023?

Leidos reported revenues of approximately $15.4 billion for the fiscal year ending December 29, 2023.

What is C2IMERA?

C2IMERA is an advanced command and control tool developed by Leidos for the U.S. Air Force.

What is MHS GENESIS?

MHS GENESIS is a federal electronic health record system deployed by Leidos across all Department of Defense garrison facilities.

What recent project has Leidos completed for the Air Force Research Lab?

Leidos successfully completed key reviews for the Mayhem air-breathing hypersonic system for the Air Force Research Lab.

What are the recent financial highlights for Leidos?

For the first quarter of 2024, Leidos reported a record net income margin of 7.1% and revenues of $3.98 billion.

How does Leidos contribute to national security?

Leidos provides advanced technology solutions for defense and intelligence clients, including cybersecurity, logistics, and security operations.

Leidos Holdings, Inc.

NYSE:LDOS

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LDOS Stock Data

26.43B
135.21M
1.08%
78.62%
1.05%
Information Technology Services
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United States of America
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