Welcome to our dedicated page for Leidos Holdings news (Ticker: LDOS), a resource for investors and traders seeking the latest updates and insights on Leidos Holdings stock.
Leidos Holdings, Inc. provides technology, engineering and mission-focused solutions for defense, intelligence, civil, health, commercial and international customers. News about LDOS commonly covers operating results, guidance, dividends, government contract awards, defense systems, digital modernization, health services, air traffic management, autonomous systems and work for U.S. federal agencies.
Company updates also include developments across the National Security & Digital, Health & Civil, Commercial & International and Defense Systems segments, as well as completed acquisitions, material partnerships and production programs such as air and missile defense launchers and secure mission systems.
Leidos demonstrated its emergency response capabilities during Hurricanes Helene and Milton in late September and early October 2024. Over 280 power delivery staff volunteered for field operations, working 14-16 hour days to assist utilities with damage assessments across multiple Southeastern U.S. states.
The teams navigated challenging conditions including blocked roadways, downed power lines, and flooding to provide critical information for resource deployment. Despite extended deployments lasting over a week, all field teams returned safely, highlighting Leidos' robust safety protocols. Some team members even deployed ahead of landfall despite living in the storms' direct paths.
Leidos (NYSE:LDOS) has secured a new prime contract worth $107 million from the National Geospatial-Intelligence Agency (NGA) to provide geospatial intelligence (GEOINT) products. The contract includes a one-year base period with four one-year optional extensions and a final six-month optional extension.
Under the agreement, Leidos will deliver human geographic, topographic, and open-source data products to support NGA's cartographers, human geographers, toponymists, catalogers, and collectors. The company will also provide GEOINT products for NGA's Geographic Names Server, enhancing the agency's daily operations and supporting warfighters and national security objectives.
Leidos (NYSE: LDOS) has announced a $2.5 million donation to The Children's Inn at the National Institutes of Health (NIH). The contribution will support renovations and expansions to increase capacity for serving young patients and families participating in pediatric research. The donation is part of The Children's Inn's $50 million Building Extraordinary capital campaign, which aims to enhance facilities and services. Upon completion in 2027, the expansion will increase capacity by 25%, allowing accommodation for up to 3,000 patients annually. The Inn's new porte-cochère will bear the Leidos name in recognition of this gift.
Leidos (NYSE: LDOS) has secured three new awards from the Defense Information Systems Agency (DISA) under the $11.5 billion Defense Enclave Services (DES) program to advance IT transformation and user migration to the Department of Defense Network (DoDNet). The first task order focuses on DoDNet Generation 2 Release 2, implementing cloud-based management and Zero Trust cybersecurity. The second and third awards initiate migrations for the Defense Contract Management Agency and Defense Contract Audit Agency.
Working with 14 Defense Agencies and Field Activities (DAFAs), Leidos expects to migrate approximately 100,000 users to DoDNet by end-2025, with a final target of 370,000 users. These three awards, valued at over $30 million, complement Leidos' recent $823 million task order for DoDNet operations and sustainment.
Leidos has demonstrated significant community engagement through charitable giving and volunteerism in 2023. The company donated over $5 million to charitable organizations, while employees contributed more than 43,600 volunteer hours. The company's charitable focus areas include Healthier Lives, Leadership and Inclusion, National Security and Military, Education/STEM, and Environment.
Through its Employee Volunteer Incentive Program, Leidos recognizes and celebrates employees who demonstrate exceptional commitment to volunteering. The company has updated its volunteering categories to better align with core giving areas, reflecting the diverse interests and dedication of its workforce in community service.
Leidos (NYSE: LDOS) has announced a $750,000 donation to Hampton University in Virginia. The multi-year contribution will support various academic disciplines, including the Schools of Science, Engineering, and Liberal Arts and Education. The donation will fund student scholarships, provide learning opportunities at Leidos facilities, and enhance the university's technology infrastructure.
A key initiative includes establishing the Leidos Innovation Studio at Hampton University, which will enable students to intern with Leidos and work on real-world projects. This donation follows Leidos' commitment to supporting STEM education and Historically Black Colleges and Universities (HBCUs), including a recent donation to Drake State Community & Technical College in Alabama.
Leidos (NYSE: LDOS) has announced its participation in the Goldman Sachs Industrials and Materials Conference in New York City. CFO Chris Cage will conduct a fireside chat Q&A session on December 4, 2024, from 2:00 p.m. to 2:35 p.m. ET. The event will be accessible via live audio webcast on Leidos' Investor Relations website, with a 30-day replay available afterward.
Leidos is a Fortune 500® innovation company with 48,000 employees worldwide, focusing on national security and health solutions. The company, headquartered in Reston, Virginia, reported annual revenues of approximately $15.4 billion for the fiscal year ended December 29, 2023.
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.
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, and a new scholarship endowment. Drake State will name its new advanced manufacturing facility the Leidos Advanced Training Complex. This initiative follows Drake State becoming a Leidos subcontractor supporting NASA under the AEGIS contract. The collaboration aligns with Leidos' commitment to supporting STEM education and Historically Black Colleges and Universities.
Leidos (NYSE:LDOS) has formed a strategic partnership with the University of Edinburgh to advance AI and data science solutions through the university's Bayes Centre. The collaboration aims to address challenges in environmental, civil, healthcare, and national security sectors by combining Leidos' Trusted Mission AI solutions with the university's research expertise. The partnership will provide access to a talent pool of over 45,000 students through internships and joint projects. The Bayes Centre, a £45M innovation hub, houses around 500 academics, students, and industry partners working on AI and data science initiatives.