Leidos Holdings Stock Price, News & Analysis

Leidos (NYSE: LDOS) has secured a prime contract from the U.S. Army for commercial health services to military reserve forces, valued at $999 million if all options are exercised. This contract spans a one-year base period, with four additional one-year options. Leidos will collaborate with the Defense Health Agency to meet health requirements for service members before, during, and after deployment. Liz Porter, the Health Group president, emphasized the commitment to serving military reservists, while CEO Larry Schaefer stressed the dedication to innovation and customer service in healthcare.

Leidos (NYSE: LDOS) announced its advancement into the final phase of the USSOCOM's Armed Overwatch aircraft prototype program alongside Paramount USA and Vertex. The team has been awarded $19.3 million for prototype demonstrations, focusing on the Bronco II aircraft, which boasts mission flexibility through its Interchangeable Multi-Mission System Bay. Leidos' team aims to showcase the Bronco II's capabilities for ISR, SCAR, and CAS missions. The program is critical for future military operational requirements, showcasing Leidos' ongoing commitment to innovative defense solutions.

Leidos (NYSE: LDOS) announced its advancement to Phase III of the U.S. Special Operations Command's Armed Overwatch aircraft prototype program with its Bronco II aircraft. Partnering with Paramount Group USA and Vertex Aerospace, the Leidos team will demonstrate the aircraft's capabilities in a fly-off. Bronco II is designed for rapid deployment and modularity, allowing for diverse mission configurations. This contract signifies Leidos' commitment to providing advanced military solutions and supporting national defense.

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.