Leidos to modernize and secure U.S. Air Force cloud operations for faster, safer mission readiness

Leidos (NYSE: LDOS) won a $454.9 million contract to modernize the U.S. Air Force Cloud One platform, partnering with Amazon Web Services, Microsoft Azure, Google Cloud Platform, and Oracle Cloud Infrastructure.

Rhea-AI Summary

Leidos (NYSE: LDOS) won a $454.9 million contract to modernize the U.S. Air Force Cloud One platform, partnering with Amazon Web Services, Microsoft Azure, Google Cloud Platform, and Oracle Cloud Infrastructure.

The program aims to strengthen security, increase automation, simplify operations, reduce costs, and accelerate cloud adoption across Air Force units, supporting Leidos' NorthStar 2030 strategy.

Positive

• Awarded a $454.9 million contract to modernize Air Force Cloud One
• Multi-cloud partnership with AWS, Azure, GCP, and OCI
• Program targets security, automation, and cost reduction to boost mission readiness
• Supports Leidos' NorthStar 2030 strategy on federal modernization and cybersecurity

Negative

• None.

Argus Mar 11 session

+0.50% close to close Open Argus

Details

News Market Reaction – LDOS

On Mar 11, the day this news came out, LDOS closed 0.50% above the previous close.

Data tracked by StockTitan Argus for the Mar 11 session.

Key Figures

Contract value: $454.9M FY25 revenue: $17.17B FY25 diluted EPS: $11.14 +5 more

Contract value

$454.9M

U.S. Air Force Cloud One modernization award in current article

FY25 revenue

$17.17B

Fiscal 2025 results reported Feb 17, 2026

FY25 diluted EPS

$11.14

Fiscal 2025 earnings release

Backlog

$49.0B

Backlog at end of FY25

Defense Enclave Services value

$11.5B

10-year Defense Enclave Services program referenced Feb 12, 2026

Dividend per share

$0.43

Quarterly dividend payable Mar 31, 2026

Share price pre-news

$172.51

LDOS price before Cloud One contract announcement

Market cap

$22,692,542,485

Market capitalization prior to this news

Historical Context

5 past events · Latest: Feb 26

5 events

1. Feb 26

   Defense weapon update

   24h Move

   -0.4%

   Air Force designated Leidos Small Cruise Missile as AGM-190A with long standoff range.

2. Feb 19

   Airport systems upgrade

   24h Move

   +2.8%

   FAA TFDM system at Reagan National aimed to improve ground efficiency and safety.

3. Feb 17

   FY25 earnings

   24h Move

   -8.4%

   Reported higher FY25 revenue and EPS and agreed to acquire Entrust for $2.4B.

4. Feb 13

   Dividend declaration

   24h Move

   -8.4%

   Declared a quarterly cash dividend of $0.43 per share with March 31, 2026 payment date.

5. Feb 12

   Defense IT migration

   24h Move

   -0.9%

   Advanced $11.5B Defense Enclave Services program by migrating more defense agencies to DODNet.

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

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

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RESTON, Va., March 11, 2026 /PRNewswire/ -- Leidos (NYSE: LDOS) will modernize the U.S. Air Force's Cloud One platform to accelerate the secure deployment of cloud capabilities. This program is designed to create a vehicle for modernization that can be deployed across the Department of War to help safeguard mission-critical systems and data and drive broader, faster adoption of cloud capabilities across the Air Force.

Under the $454.9 million contract, Leidos will work with Amazon Web Services, Azure, Google Cloud Platform, and Oracle Cloud Infrastructure to transform the Air Force's multi-cloud environment. The improvements are designed to boost security, increase automation and simplify day-to-day operations, all while helping reduce costs and enabling Air Force teams to manage cloud operations faster and with greater confidence, making it easier for more units to adopt and scale cloud services.

"Modernizing Cloud One helps the Air Force deploy mission-critical operations faster and defend them more effectively," said Steve Hull, president of Leidos' Digital Modernization. "It also creates a secure, repeatable cloud foundation that other Department of War organizations can adopt, helping to remove barriers to cloud adoption and enabling teams to move faster and more securely to help meet mission demands and maintain a strategic edge."

By streamlining cloud processes and reducing complexity, the program is intended to accelerate cloud adoption across Air Force units worldwide, making it easier for them to move applications to the cloud, while strengthening cyber defenses and enhancing mission readiness.

Leidos is a trusted partner in the Cloud One program, delivering innovative solutions that support the Air Force's transition to the cloud. This effort aligns fully with Leidos' NorthStar 2030 strategy and its focus on leading large-scale technology and cybersecurity innovation and modernization for the federal government.

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 $17.2 billion for the fiscal year ended January 2, 2026. 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 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:

Brandon Ver Velde
571.926.1627
brandon.p.vervelde@leidos.com

View original content to download multimedia:https://www.prnewswire.com/news-releases/leidos-to-modernize-and-secure-us-air-force-cloud-operations-for-faster-safer-mission-readiness-302710198.html

SOURCE Leidos Holdings, Inc.

FAQ

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

What did Leidos (LDOS) announce on March 11, 2026 about the Air Force Cloud One contract?

Leidos announced a $454.9 million award to modernize the Air Force Cloud One platform. According to the company, the program will partner with AWS, Azure, GCP, and OCI to enhance security, automation, and operational simplicity across the Air Force.

Which cloud providers will Leidos (LDOS) work with under the March 11, 2026 contract?

Leidos will work with AWS, Microsoft Azure, Google Cloud Platform, and Oracle Cloud Infrastructure under the contract. According to the company, the multi-cloud approach is meant to transform the Air Force's environment and enable broader cloud adoption.

How will the $454.9M Leidos (LDOS) contract affect Air Force cloud operations?

The contract aims to boost security, increase automation, and simplify operations for Cloud One. According to the company, these changes are intended to reduce costs and help Air Force teams deploy and manage cloud services faster and more confidently.

What strategic goals does the Cloud One modernization support for Leidos (LDOS)?

The program aligns with Leidos' NorthStar 2030 strategy focused on federal technology and cybersecurity innovation. According to the company, the award advances its role in large-scale modernization for government customers.

What is the intended broader impact of Leidos' (LDOS) Cloud One modernization across the Department of War?

The effort is designed as a repeatable modernization vehicle for other Department of War organizations to adopt. According to the company, this should ease barriers to cloud adoption and enable faster, more secure mission operations at scale.