Leidos Holdings Stock Price, News & Analysis

Leidos (NYSE: LDOS) announced its acquisition of 1901 Group for $215 million, enhancing its position in the digital modernization market. This strategic move aims to expand Leidos' capabilities in cloud and IT services, meeting the growing customer demand for utility-based solutions. Both companies' Boards have approved the transaction, expected to close in Q1 2021, subject to regulatory approvals. 1901 Group, established in 2009, provides managed IT services, cybersecurity, and cloud solutions, making it a valuable addition to Leidos' portfolio.

Leidos (NYSE: LDOS), a FORTUNE 500® leader in science and technology, will participate in the Credit Suisse 8th Annual Virtual Industrials Conference on December 2, 2020, at 3:10 p.m. ET.

Jim Reagan, Executive Vice President and CFO, will engage in a 'fireside chat' during the event. A live audio webcast will be accessible on the Leidos Investor Relations website, with a replay available for 30 days post-event. Leidos reported approximately $11.09 billion in annual revenues for the fiscal year ending January 3, 2020, and employs about 38,000 people across various sectors.

Leidos (NYSE: LDOS) was awarded a cost-plus-fixed-fee contract by Naval Medical Logistics Command worth up to $82 million for operational medicine and warfighter performance research. This contract spans 60 months and will be executed primarily at the Naval Health Research Center in San Diego, California. The research will enhance military health and support the Department of Defense's operational readiness through data-driven modeling and human performance analysis, focusing on improving mission readiness and resilience among military personnel.

The Leidos Partnership for Defense Health has announced further deployments of the MHS GENESIS electronic health record system at military treatment facilities in Nevada, California, and Alaska. This initiative, which started in 2015, aims to streamline health records for millions of service members and their families. Up to 10,000 clinicians can now access a unified health record. Recent waves have included significant expansions for the U.S. Coast Guard, with full deployment expected by the end of 2023.

Leidos Holdings reported third-quarter revenues of $3.24 billion, a 14.4% increase from the previous year, attributed to acquisitions of Dynetics and L3Harris Technologies' SD&A Businesses. Operating income rose to $258 million with a margin decrease to 8.0%. Diluted EPS reached $1.13, slightly up from $1.11. The company revised fiscal 2020 guidance, projecting revenues between $12.3 billion and $12.5 billion and non-GAAP diluted EPS of $5.65 to $5.85. Backlog stands at $31.7 billion.

Leidos Holdings, Inc. (NYSE: LDOS) has declared a quarterly cash dividend of $0.34 per share, payable on Dec. 31, 2020, to stockholders of record as of Dec. 15, 2020. The announcement reflects the company's ongoing commitment to returning value to its shareholders. For the fiscal year ended January 3, 2020, Leidos reported annual revenues of approximately $11.09 billion.

Leidos (NYSE:LDOS) announced on October 29, 2020, a contract award from the Office of the Under Secretary of Defense for Personnel and Readiness worth approximately $75 million. The contract includes a one-year base period and four additional one-year options, primarily based in San Antonio, Texas. Leidos will support the Defense Civilian Human Resource Management System (DCHRMS), integrating six databases to enhance efficiency and reduce costs for DoD HR professionals and civilian employees.

Leidos (NYSE:LDOS) has secured a follow-on contract valued at $306 million from Army Contracting Command to provide comprehensive operations for the Saturn Arch aircraft. This contract features a one-year base period with two additional one-year options and a six-month extension, taking place at Bridgewater Airport, Virginia, and various OCONUS sites. Leidos aims to leverage its expertise in aerial intelligence systems for engineering and technical enhancements. Annual revenues reported for FY 2020 were approximately $11.09 billion.