Leidos to keep 650,000 Navy and Marine Corps personnel securely connected worldwide
A $926 million option-year award extends Leidos’ Navy network work, reinforcing its digital modernization and cyber-focused NorthStar 2030 strategy.
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Rhea-AI Summary
Leidos (LDOS) received a $926 million second option-year award on the U.S. Navy's Next Generation Enterprise Network contract on Sept. 14, 2026.
The award covers management of more than 425,000 devices across over 2,500 sites, keeping more than 650,000 Navy and Marine Corps personnel securely connected worldwide. Leidos is responsible for user support, operations and IT transformation for the NMCI, ONE-Net and MCEN networks. Since the original 2020 award, the company has introduced automation that delivers patches to network devices 93% faster and accelerates patching across the enterprise by 94%, which the company says improves resilience and reduces disruptions. The company states that this option year supports its NorthStar 2030 strategy focused on digital modernization, cyber capabilities and mission software. Leidos reported approximately $17.2 billion in fiscal 2026 revenue.
Positive
- Second option year award on Navy Next Generation Enterprise Network worth $926 million
- Scale of work spans 650,000 personnel, 425,000 devices and 2,500+ sites
- Automation gains deliver patches 93% faster and accelerate enterprise patching by 94%
- Company size supported by approximately $17.2 billion in fiscal 2026 revenue
Negative
- None.
Details
News Market Reaction – LDOS
On Sep 15, the first trading day after this news, LDOS closed 2.70% below the previous close.
Data tracked by StockTitan Argus for the Sep 15 session.
Key Figures
- Contract value
- $926 million
- Second option year of Navy enterprise network contract
- Personnel supported
- More than 650,000 personnel
- U.S. Navy and Marine Corps network users
- Devices managed
- More than 425,000 devices
- Across Navy and Marine Corps networks
- Sites supported
- More than 2,500 sites
- Worldwide network infrastructure
- Patch delivery improvement
- 93% faster
- Network-device patch delivery
- Enterprise patching improvement
- 94% faster
- Enterprise-wide patching
Historical Context
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Received five-year Army cyber-network contract while LDOS fell 2.06% over 24 hours.
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Key Terms
forward-looking statements regulatory
AI-generated analysis. How Rhea-AI works. Not financial advice.
Department of Navy awards
The Navy recently awarded Leidos
"Military and civilian personnel rely on these networks to communicate, make decisions and carry out missions that protect our nation and its allies," said Steve Hull, president of Leidos Digital. "We're supporting the technology they depend on so it remains secure, resilient and ready when they need it."
Since being awarded the contract in 2020, Leidos has helped the Navy and Marine Corps modernize their IT environments while improving network resilience. The company has introduced automation that delivers patches to network devices
"During my time in the Navy, I learned that when technology works seamlessly in the background, you're free to give the mission your full attention. These results reflect our team's 24/7 dedication to making that possible," said DJ LeGoff, a retired Navy captain and the Navy and Marine Corps portfolio leader at Leidos.
This award supports Leidos' NorthStar 2030 strategy and its focus on digital modernization, cyber capabilities and mission software.
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 50,000 global employees, Leidos reported annual revenues of approximately
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 2, 2026, 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.
Media Contact:
Elizabeth Torres
(571) 732-6875
Elizabeth.torres-3@leidos.com
Correction: An earlier version of this release, issued September 14, incorrectly stated the contract value of
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SOURCE Leidos Holdings, Inc.
FAQ
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What performance improvements has Leidos delivered since the contract was first awarded in 2020?
Since 2020, Leidos has helped modernize Navy and Marine Corps IT environments and improve network resilience. The company has introduced automation that delivers patches to network devices 93% faster and accelerates patching across the enterprise by 94%, which it states addresses vulnerabilities sooner and reduces potential disruptions.
How was the contract value information corrected in this announcement?
A correction included in the announcement states that an earlier version of the release issued on September 14 incorrectly cited the contract value as $875 million. The correct value of the second option-year award is $926 million.
How does this contract award relate to Leidos’ NorthStar 2030 strategy?
The company states that this option-year award supports its NorthStar 2030 strategy by aligning with its focus on digital modernization, cyber capabilities and mission software, which are core areas of its long-term strategic plan.