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.

Insights

Market Research Analyst

This $1.75 million donation to Drake State, while philanthropic, has strategic business implications. The investment strengthens Leidos' talent pipeline in advanced manufacturing and IT, particularly in Huntsville's growing aerospace hub. By establishing the Leidos Advanced Training Complex and creating apprenticeship programs, the company secures early access to skilled workers in critical technical fields.

The timing aligns with Leidos' recent NASA AEGIS contract involvement, where Drake State serves as a subcontractor. This dual-purpose investment enhances both workforce development and strengthens relationships with key government clients. For a company with $21.3 billion market cap, this strategic educational partnership represents a small but calculated investment in future operational capabilities.

RESTON, VA / ACCESSWIRE / November 19, 2024 / Leidos (NYSE:LDOS) today announced a $1.75 million donation to Drake State Community & Technical College in Huntsville, Alabama, creating new learning opportunities for students and allowing them to gain hands-on experience with complex technical and manufacturing projects. In recognition of this gift, Drake State will name its new advanced manufacturing facility the Leidos Advanced Training Complex.

"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 $15.4 billion for the fiscal year ended December 29, 2023. For more information, visit www.leidos.com.

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

FAQ

How much did Leidos (LDOS) donate to Drake State College in November 2024?

Leidos (LDOS) donated $1.75 million to Drake State Community & Technical College in Huntsville, Alabama.

What will the Leidos (LDOS) donation to Drake State fund?

The donation will fund advanced manufacturing and IT programs, student apprenticeships, campus technical and infrastructure upgrades, a new scholarship endowment, and faculty development opportunities.

What is Drake State's role in Leidos' (LDOS) NASA contract?

Drake State serves as a Leidos subcontractor providing IT solutions and end-user services under the Advanced Enterprise Global IT Solutions (AEGIS) contract for NASA.