Leidos Announces $1.75 Million Gift to Drake State Community & Technical College
Rhea-AI Summary
Leidos (NYSE:LDOS) announced a $1.75 million donation to Drake State Community & Technical College in Huntsville, Alabama. The gift will fund advanced manufacturing and IT programs, student apprenticeships, campus upgrades, a scholarship endowment, and faculty development. In recognition, Drake State will name its new advanced manufacturing facility the Leidos Advanced Training Complex.
The donation strengthens the existing partnership between the institutions, following Drake State's earlier appointment as a Leidos subcontractor supporting NASA's AEGIS contract. This initiative aligns with Leidos' commitment to supporting STEM education and historically Black colleges.
Positive
- Strengthens relationship with NASA through Drake State subcontractor partnership
- Expands workforce development pipeline in technical and manufacturing sectors
- Enhances company's position in government contracting through educational partnerships
Negative
- None.
News Market Reaction – LDOS
On the day this news was published, LDOS declined 0.35%, reflecting a mild negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
RESTON, VA / ACCESSWIRE / November 19, 2024 / Leidos (NYSE:LDOS) today announced a
"At Leidos, we believe in the transformative power of education, and we are committed to advancing opportunities for underrepresented communities," said Leidos CEO Tom Bell. "Through this collaboration with Drake State, we are not only investing in the future leaders of our industry but also supporting an institution that has a long history of nurturing talent, innovation, and excellence in Black communities. We are proud to contribute to the continued success of Drake State and its remarkable students."
"This generous gift from Leidos represents a powerful investment in the future of Drake State's students, faculty, and the broader community," said Drake State President Dr. Patricia Sims. "The new Leidos Advanced Training Complex will offer students access to hands-on engineering, manufacturing and technology experiences that will equip them for bright futures in aerospace, technology, and advanced manufacturing. We thank Tom Bell and Leidos for their support and look forward to collaboration for years to come."
The Leidos gift will help fund advanced manufacturing and IT programs, student apprenticeships, campus technical and infrastructure upgrades, a new scholarship endowment, and faculty development opportunities.
The donation builds on the announcement earlier this year that Drake State has become a Leidos subcontractor in support of NASA, helping provide critical IT solutions and end-user services under the Advanced Enterprise Global IT Solutions, or AEGIS, contract.
The collaboration with Drake State continues Leidos' long-standing commitment to supporting STEM (science, technology, engineering, and mathematics) education and historically Black colleges and universities and other minority serving institutions.
About Leidos
Leidos is a Fortune 500® innovation company rapidly addressing the world's most vexing challenges in national security and health. The company's global workforce of 48,000 collaborates to create smarter technology solutions for customers in heavily regulated industries. Headquartered in Reston, Virginia, Leidos reported annual revenues of approximately
About Drake State Community & Technical College
Drake State Community and Technical College offers flexible, affordable technical and university-transfer degrees, industry certification, adult and continuing education, and customized skills training to support and enhance the North Alabama community.
Leidos CEO Tom Bell and Drake State President Dr. Patricia Sims
View additional multimedia and more ESG storytelling from Leidos on 3blmedia.com.
Contact Info:
Spokesperson: Leidos
Website: https://www.3blmedia.com/profiles/leidos
Email: info@3blmedia.com
SOURCE: Leidos
View the original press release on accesswire.com
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