Leidos to continue as program administrator for Hawai'i Energy

Leidos (NYSE: LDOS) will continue administering Hawai'i Energy under a new three-year, $127 million contract announced Dec. 4, 2025.

Rhea-AI Summary

Leidos (NYSE: LDOS) will continue administering Hawai'i Energy under a new three-year, $127 million contract announced Dec. 4, 2025. The scope includes management of the state's Electric Vehicle Charging Station Rebate program, market solutions, education, and training.

Leidos has run Hawai'i Energy since 2009; the program has delivered more than $7 billion in statewide energy savings to date. In the most recent program year, Hawai'i Energy distributed over 18,000 rebates totaling about $20 million. The renewal aligns with Leidos' NorthStar 2030 focus on energy infrastructure, grid modernization, and resilience.

Positive

• $127 million three-year contract awarded
• Program administered by Leidos since 2009
• Hawai'i Energy delivered over $7 billion in savings
• 18,000 rebates distributed in the most recent year (~$20M)

Negative

• Contract duration limited to three years, limiting long-term visibility
• Revenue exposure concentrated in a single state program renewal

Argus Dec 5 session

-2.91% close to close Open Argus

Details

News Market Reaction – LDOS

On Dec 5, the first trading day after this news, LDOS closed 2.91% below the previous close.

Data tracked by StockTitan Argus for the Dec 5 session.

Key Figures

Contract value: $127 million Contract term: 3 years Energy savings: $7 billion +2 more

Contract value

$127 million

New three-year Hawai'i Energy administration contract

Contract term

3 years

Duration of new Hawai'i Energy and EV rebate contract

Energy savings

$7 billion

Statewide energy savings delivered since 2009

Rebates distributed

Over 18,000 rebates

Most recent program year activity

Rebate total

Approximately $20 million

Value of rebates in the most recent program year

Historical Context

5 past events · Latest: Dec 02

5 events

1. Dec 02

   Security certification

   24h Move

   -0.7%

   B220-HT explosive trace detection system achieved ECAC G1 certification.

2. Nov 25

   Technology partnership

   24h Move

   +2.5%

   Partnership with Quadridox to enhance baggage screening using CT and XRDI.

3. Nov 04

   Earnings and guidance

   24h Move

   +3.4%

   Record Q3 2025 results and raised non-GAAP EPS and margin guidance.

4. Oct 31

   Dividend increase

   24h Move

   +1.4%

   Quarterly dividend increased to $0.43 per share, payable Dec 31, 2025.

5. Oct 30

   Business divestiture

   24h Move

   +1.5%

   Agreement to sell Varec to support NorthStar 2030 portfolio optimization.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

Public Utilities Commission, Electric Vehicle (EV) Charging Station Rebate program, energy resiliency, grid modernization

4 terms

Public Utilities Commission regulatory

"partner with Hawai'i's Public Utilities Commission to help residents and businesses"

A public utilities commission is a government agency that oversees and regulates essential services such as electricity, water, and natural gas to ensure they are provided safely, reliably, and at fair prices. For investors, it matters because these agencies influence the profitability and stability of utility companies, which are often seen as steady, reliable investments due to their regulated nature.

Electric Vehicle (EV) Charging Station Rebate program financial

"administer the Hawai'i Energy program and the state's Electric Vehicle (EV) Charging Station Rebate program"

An electric vehicle (EV) charging station rebate program offers financial incentives to individuals or businesses who install EV charging units. These programs reduce the upfront costs of setting up charging stations, encouraging more widespread access to electric vehicle infrastructure. For investors, such programs can signal increased adoption of electric vehicles and related infrastructure, potentially boosting demand and growth opportunities in this sector.

energy resiliency technical

"improve the state's energy resiliency toward a sustainable future"

Energy resiliency is the ability of an energy system to quickly recover and continue providing power after disruptions or outages. It ensures that essential services and operations remain uninterrupted, much like a backup generator that kicks in during a blackout. For investors, strong energy resiliency can indicate a more reliable and secure energy supply, reducing risks and supporting long-term stability.

grid modernization technical

"commitment to advancing energy efficiency, grid modernization, and resilience"

Grid modernization involves upgrading the electrical system to make it more reliable, efficient, and capable of handling new technologies. It often includes integrating advanced digital tools, better communication systems, and renewable energy sources. For investors, these improvements can lead to more stable energy supplies and open opportunities in emerging energy markets and technologies.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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RESTON, Va., Dec. 4, 2025 /PRNewswire/ -- Leidos (NYSE: LDOS) is continuing to partner with Hawai'i's Public Utilities Commission to help residents and businesses lower energy costs, cut carbon emissions, and improve the state's energy resiliency toward a sustainable future.

Under a new three-year, $127 million contract, Leidos will continue to administer the Hawai'i Energy program and the state's Electric Vehicle (EV) Charging Station Rebate program, while also overseeing market solutions, educational initiatives, and training efforts.  

"Hawai'i continues to be a leader in encouraging its residents and businesses to make practical energy-saving decisions and reduce energy use," said Bill Johnson, senior vice president, Energy, Infrastructure and Automation at Leidos. "With each main island generating its own power, efficiency and resiliency are critical. By lowering energy demand and improving efficiency, Leidos helps strengthen the state's energy independence and long-term energy security. We're proud to continue supporting Hawai'i's energy transformation."

Leidos has administered the Hawai'i Energy program since 2009. Since then, Hawai'i Energy has delivered more than $7 billion in energy savings statewide. In the most recent program year alone, it distributed over 18,000 rebates totaling approximately $20 million.

The continued partnership reflects Leidos' broader commitment to advancing energy efficiency, grid modernization, and resilience through collaboration with utilities nationwide. It also aligns with Leidos' NorthStar 2030 strategic focus on energy infrastructure.

About Leidos

Leidos is an industry and technology leader serving government and commercial customers with smarter, more efficient digital and mission innovations. Headquartered in Reston, Virginia, with 47,000 global employees, Leidos reported annual revenues of approximately $16.7 billion for the fiscal year ended January 3, 2025. 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 January 3, 2025, 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:

Victor Melara
Senior Media Relations Manager
703.431.4612
victor.a.melara@leidos.com 

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SOURCE Leidos

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did Leidos announce about the Hawai'i Energy contract on Dec. 4, 2025 (LDOS)?

Leidos announced a three-year, $127 million contract to continue administering Hawai'i Energy and the EV charging rebate program.

How long has Leidos administered Hawai'i Energy (LDOS)?

Leidos has administered Hawai'i Energy since 2009.

How much energy savings has Hawai'i Energy delivered under Leidos (LDOS)?

Hawai'i Energy has delivered more than $7 billion in statewide energy savings to date.

What were Hawai'i Energy rebate metrics in the most recent year under Leidos (LDOS)?

In the most recent program year, Hawai'i Energy distributed over 18,000 rebates totaling approximately $20 million.

What parts of the program will Leidos manage under the new LDOS contract?

Leidos will administer the Hawai'i Energy program, the state's EV Charging Station Rebate program, plus market solutions, education, and training.

What investor implications does the Leidos (LDOS) contract renewal have?

The award adds near-term contracted revenue ($127M) but is limited to a three-year term, so renewal risk remains beyond the term.