Leidos Establishes Air Traffic Management Center of Excellence in Indo-Pacific Region

Rhea-AI Summary

Leidos (LDOS) establishes Air Traffic Management Center of Excellence in Singapore to enhance aviation services in the Indo-Pacific region. Axel Bensch appointed to lead operations with a focus on research, collaboration, and innovation in air traffic solutions.

Market Research Analyst

Establishing an Air Traffic Management (ATM) Center of Excellence in a strategic location like Singapore reflects a proactive approach to capture market share in a region with burgeoning aviation needs. The Indo-Pacific is experiencing rapid growth in air traffic, necessitating advanced solutions for air traffic management. By situating the Center in this region, Leidos is positioning itself to directly address these growing demands and potentially streamline operations for the Civil Aviation Authority of Singapore (CAAS) and other Air Navigation Service Providers.

The collaboration with local universities and research institutes could lead to innovative developments and cost-effective solutions in the ATM space. This could have positive implications for Leidos' market position and financial performance in the long-term, as successful innovations may lead to increased contracts and partnerships within the industry.

Aviation Industry Expert

The focus on trajectory-based operations and international air traffic flow management suggests that Leidos is aiming to enhance the efficiency and safety of air travel in the region. The Skyline-XTM platform mentioned is likely a sophisticated tool that can handle complex airspace management tasks. The ability to manage air traffic flow more effectively can reduce delays and increase the capacity of existing infrastructure, which is important for a region where air traffic is expected to grow significantly.

Moreover, the appointment of Axel Bensch, with his extensive commercial aviation and ATM expertise, is likely to bring valuable insights and leadership to the Center. His experience could be pivotal in driving the adoption of new technologies and practices in the region, potentially leading to a stronger competitive edge for Leidos.

Financial Analyst

The investment in an ATM Center of Excellence is a strategic move that could translate into future revenue growth for Leidos. The initial costs associated with setting up the Center and recruiting talent are expected, but the long-term payoff could be substantial if the company secures contracts and partnerships in the region. Investors should monitor the company's ability to convert these strategic initiatives into tangible financial results.

Furthermore, the expansion into the Indo-Pacific region might reflect on Leidos' stock performance if the market perceives this move as an enhancement of its global footprint and an indicator of future growth. It will be important to watch how effectively Leidos integrates this new Center into its overall operations and how quickly it can contribute to the company's bottom line.

RESTON, Va., March 20, 2024 /PRNewswire/ -- Leidos (NYSE:LDOS), a FORTUNE® 500 innovation company, has announced the establishment of an Air Traffic Management (ATM) Center of Excellence in Singapore to keep pace with the rapidly evolving demands of global aviation. This operational expansion will provide research and collaboration intended to deliver safe and efficient solutions to the Civil Aviation Authority of Singapore (CAAS) and Air Navigation Service Providers in the Indo-Pacific region.

"This expansion represents the next step in delivering the highest level of airspace services to the Indo-Pacific region," said Ed Sayadian, Leidos senior vice president, transportation solutions. "We are excited to grow our regional team with innovative thinkers who will engage with a broad base of global air transportation stakeholders to advance critical air traffic management capabilities."

Axel Bensch has been appointed to lead operations in the region as well as the new center, bringing with him more than 25 years of commercial aviation and ATM expertise. Under his leadership, the Center will collaborate with regional universities, research institutes and industry partners to augment international air traffic solutions and enhance operations in the region leveraging Leidos' 65-year history of supporting air navigation service providers and their mission.

The Center will also provide collaborative research and development for advanced capabilities in trajectory-based operations and international air traffic flow management through Skyline-X^TM – Leidos' comprehensive air traffic management platform.

For more on Leidos' extensive solutions in air traffic management, visit www.leidos.com/ATM.

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 47,000 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. 

Certain statements in this announcement constitute "forward-looking statements" within the meaning of the rules and regulations of the U.S. Securities and Exchange Commission (SEC). These statements are based on management's current beliefs and expectations and are subject to significant risks and uncertainties. These statements are not guarantees of future results or occurrences. A number of factors could cause our actual results, performance, achievements, or industry results to be different from the results, performance, or achievements expressed or implied by such forward-looking statements. These factors include, but are not limited to, the "Risk Factors" set forth in Leidos' Annual Report on Form 10-K for the fiscal year ended December 29, 2023, and other such filings that Leidos makes with the SEC from time to time.  Readers are cautioned not to place undue reliance on such forward-looking statements, which speak only as of the date hereof. Leidos does not undertake to update forward-looking statements to reflect the impact of circumstances or events that arise after the date the forward-looking statements were made.

Contact:

Melissa Lee Dueñas (571) 526-6850  duenasml@leidos.com

Alyssa Pettus  (571) 526-6743 alyssa.t.pettus@leidos.com

 

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SOURCE Leidos

What is the purpose of Leidos establishing an Air Traffic Management Center of Excellence in Singapore?

Leidos aims to keep pace with the evolving demands of global aviation by providing research and collaboration for safe and efficient solutions in the Indo-Pacific region.

Who has been appointed to lead operations in the region and the new center?

Axel Bensch, with over 25 years of commercial aviation and ATM expertise, has been appointed to lead operations in the Indo-Pacific region and the new center.

What will the Center collaborate on to enhance air traffic solutions in the region?

The Center will collaborate with regional universities, research institutes, and industry partners to augment international air traffic solutions and enhance operations in the region.

What is the focus of the research and development at the Center?

The Center will focus on advanced capabilities in trajectory-based operations and international air traffic flow management through Leidos' Skyline-XTM platform.

Where can more information on Leidos' air traffic management solutions be found?

For more on Leidos' air traffic management solutions, visit www.leidos.com/ATM.