Leidos Holdings Stock Price, News & Analysis

Leidos (NYSE: LDOS) announced the appointment of retired Vice Admiral David Lewis as Senior Vice President, Maritime, effective September 22, 2022. Lewis will enhance the company’s maritime capabilities and drive organic growth across its divisions, which include support for Navy ship design, engineering, and advanced vehicle technology. He brings extensive military and technology experience from the Navy and is expected to provide significant operational advantages for Leidos' maritime initiatives. Leidos reported annual revenues of approximately $13.7 billion for fiscal year 2021.

Leidos (NYSE: LDOS) has secured a Blanket Purchase Agreement (BPA) from the U.S. Department of Transportation (USDOT) to provide program and technical support to the Federal Highway Administration (FHWA). The BPA, valued at $60 million, spans five years with a six-month option. Leidos aims to enhance highway policy, analyze transportation investments, and improve safety measures. This contract expands Leidos' collaboration with USDOT and FHWA, reinforcing its position in critical infrastructure and safety services.

Leidos (NYSE: LDOS), a FORTUNE® 500 science and technology leader, has been selected by the U.S. Department of the Air Force to join the Advanced Battle Management System (ABMS) Digital Infrastructure Consortium. This consortium aims to design and deploy Joint All-Domain Command & Control (JADC2) capabilities for the Air Force and Space Force. Leidos will leverage its systems integration and digital modernization expertise to aid the DoD's JADC2 strategy, promoting speed, security, and integration across distributed battle management.

Leidos (NYSE: LDOS) is set to participate in the Morgan Stanley 10th Annual Laguna Conference on September 15, 2022, from 2:35 p.m. to 3:05 p.m. PT in Laguna Niguel, CA.

The company's Chief Financial Officer, Chris Cage, will engage in a question and answer fireside chat.

A live audio webcast will be accessible on the Leidos Investor Relations website, with a replay available for 30 days thereafter.

Leidos (NYSE: LDOS) has secured a $358 million contract from the U.S. Naval Sea Systems Command to design and construct a medium unmanned undersea vehicle (MUUV). This cost-plus-fixed-fee contract will be executed mainly in Lynnwood, Washington. The MUUV is expected to enhance the Navy's capabilities in submarine-based oceanographic sensing and mine countermeasures. Leidos will collaborate with L3Harris Technologies on this critical project, further solidifying their longstanding partnership with the Navy.

Leidos (NYSE: LDOS) has announced its definitive agreement to acquire Cobham Aviation Services Australia's Special Mission business. This acquisition, which provides crucial airborne border surveillance and search-and-rescue services, is subject to standard closing conditions and regulatory approvals. Leidos aims to enhance its global airborne ISR capabilities, diversifying revenues and expanding service offerings across Australia. Cobham’s Special Mission operates 14 modified aircraft, conducting extensive surveillance and rescue operations, significantly bolstering Leidos' operational capabilities.

Leidos Holdings reported Q2 2022 revenues of $3.6 billion, a 4% increase from the previous year. Net income reached $172 million, while diluted EPS rose 5% to $1.24. Adjusted EBITDA was $366 million, up 2%, with a margin of 10.2%. The company maintained a backlog of $34.7 billion, and net bookings totaled $2.2 billion, indicating a book-to-bill ratio of 0.6. Leidos plans to acquire Cobham Aviation Services, enhancing its capabilities in Australia. The company affirmed its FY 2022 guidance for revenues between $13.9 and $14.3 billion.

Leidos Holdings, Inc. (NYSE:LDOS) has declared a quarterly cash dividend of $0.36 per share, payable on September 30, 2022, to stockholders of record by September 15, 2022. This reflects the company's commitment to returning value to its shareholders. Leidos, a leader in technology, engineering, and science solutions, reported approximately $13.7 billion in revenue for the fiscal year ended December 31, 2021.

Leidos (NYSE: LDOS) will participate in the Jefferies Industrials Conference on Aug. 9, 2022, in New York, NY. CEO Roger Krone will conduct a Q&A 'fireside chat' from 3:30 p.m. to 3:55 p.m. ET. A live audio webcast can be accessed via the Leidos Investor Relations website, with a replay available for up to 90 days afterward.

Leidos, headquartered in Reston, Virginia, reported annual revenues of approximately $13.7 billion for the fiscal year ending Dec. 31, 2021.