Leidos Holdings Stock Price, News & Analysis

Leidos (NYSE: LDOS), a leader in information technology and engineering, will participate in the Stifel 2021 Virtual Cross Sector Insight Conference on June 10, 2021, at 4:40 p.m. ET. Chris Cage, Corporate Controller and incoming CFO, will engage in a fireside chat during the event. Interested investors can access the live audio webcast on the Leidos Investor Relations website, with a replay available for 90 days post-event. Leidos reported revenues of approximately $12.30 billion for the fiscal year ending January 1, 2021, emphasizing its role in tackling complex challenges across various sectors.

Leidos (NYSE: LDOS) has secured a prime contract worth up to $110 million from the FBI to provide fitness for duty medical exam services. Awarded by the FBI's Human Resources Division, the contract includes a base period of 12 months with four potential 12-month extensions. QTC Medical Services, a subsidiary of Leidos, will offer various occupational health services, building on its existing relationship with the FBI since 2012. This contract expands QTC's role in supporting FBI personnel with comprehensive medical examinations and related services.

Leidos (NYSE: LDOS), a leader in technology and science solutions, will participate in the Bernstein 37th Annual Strategic Decisions Conference on June 2, 2021, at 1:30 p.m. ET. CEO Roger Krone will engage in a Q&A session during the event. The conference will be accessible via a live audio webcast on the Leidos Investor Relations website. Following the event, a replay will be available for one year. Leidos, headquartered in Reston, VA, reported annual revenues of approximately $12.30 billion in the fiscal year ended January 1, 2021.

Leidos Holdings, Inc. (NYSE: LDOS) has successfully completed the acquisition of Gibbs & Cox, Inc. for approximately $380 million in cash. The acquisition allows Gibbs & Cox to operate as a wholly-owned subsidiary under Leidos' maritime systems division, enhancing Leidos' capability to provide engineering solutions to the US Navy and foreign navies. The move is expected to strengthen Leidos' position in the growing maritime undersea, autonomous, and cybersecurity sectors, leveraging Gibbs & Cox's expertise in naval architecture and design.

Leidos Holdings, Inc. (NYSE: LDOS) has successfully acquired Gibbs & Cox, Inc. for approximately $380 million in cash. This acquisition enhances Leidos' maritime capabilities, allowing it to offer broader engineering solutions to the US Navy and international navies. Gibbs & Cox will operate as a wholly owned subsidiary and is known as the largest independent ship design firm in the U.S., specializing in naval architecture and marine engineering. The merger signifies Leidos' commitment to innovation and growth in the maritime sector.

Leidos (NYSE:LDOS) was awarded a spot on the Defense Intelligence Agency's (DIA) Solutions for the Information Technology Enterprise III (SITE III) contract, valued at $12.6 billion. This 10-year multiple-award contract allows Leidos to support the DIA and compete for related task orders, addressing evolving IT requirements critical for U.S. security. Leidos will deliver comprehensive IT support services and contribute to national security missions globally.

Leidos (NYSE: LDOS) will participate in the Goldman Sachs Industrials and Materials Conference 2021 on May 11, 2021, at 10:30 a.m. ET. The CFO, Jim Reagan, will engage in a question and answer 'fireside chat'. A live audio webcast will be available via the Leidos Investor Relations website, with a replay accessible for one year post-event. Leidos reported revenues of approximately $12.30 billion for the fiscal year ending January 1, 2021, and employs 39,000 individuals.

Leidos Holdings, Inc. (NYSE: LDOS) reported Q1 2021 revenues of $3.32 billion, a 14.7% increase from Q1 2020. Organic growth was 8.9% after accounting for acquisitions. Operating income rose by 60.4% to $308 million, with an operating margin increase from 6.6%% to 9.3%%. Diluted EPS surged to $1.42 from $0.80. Notable new contracts included a $1 billion award for military counseling services. The company revised fiscal 2021 guidance, projecting revenues unchanged at $13.7 billion to $14.1 billion and raised non-GAAP EPS guidance to $6.35 to $6.65.

Leidos (NYSE: LDOS) announced the appointment of Christopher Cage as Chief Financial Officer, effective July 5, 2021. Cage, currently the SVP and Chief Accounting Officer, succeeds James Reagan, who is retiring after six years of service. Cage has been with Leidos since 1999, holding various financial roles, and is recognized for his deep understanding of the company's operations. Leidos reported approximately $12.30 billion in revenue for the fiscal year ended January 1, 2021, and aims to maintain its growth trajectory under Cage's leadership.