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 (NYSE: LDOS), a leader in science and technology, will participate in the Cowen 42nd Annual Aerospace/Defense & Industrials Conference on February 11, 2021, at 11:00 AM ET. CEO Roger Krone will engage in a 'fireside chat' during the webcast. Investors can access the live audio via the Leidos Investor Relations website, with a replay available for 90 days post-event. Leidos recorded approximately $11.09 billion in annual revenues for the fiscal year ended January 3, 2020, and employs 38,000 people to address critical challenges across various sectors.
Leidos (NYSE: LDOS) announced that 37 employees will be honored at the 35th Annual Black Engineer of the Year Awards (BEYA) Conference, taking place virtually from February 11-13, 2021. This year's honorees mark the largest class in the company's history, highlighting its commitment to diversity in STEM fields. Among the award recipients, Mark Clark will be recognized as a Science Spectrum Trailblazer, and Krystal Porter will receive the Dr. Wanda M. Austin Legacy Award. Leidos continues to be a sponsor of BEYA, supporting professional training and networking opportunities in the engineering field.
On January 25, 2021, Parsons Corporation (NYSE: PSN) announced its leadership of an industry team, including Leidos (NYSE: LDOS) and SAIC (NYSE: SAIC), for a 10-year, $953 million contract with the U.S. Air Force. This initiative aims to design and maintain Air Base Air Defense (ABAD) systems across Europe and Africa, addressing emerging asymmetric threats. The team will utilize advanced technologies and an open architecture approach to enhance air base defense capabilities, ensuring protection for military assets in contested environments.
Leidos (NYSE: LDOS) has announced a conference call on February 23, 2021, at 8 a.m. ET to discuss its fourth quarter and full year 2020 financial results, which will cover the period ending January 1, 2021. The earnings press release will be issued prior to the call. Investors can listen via telephone or the internet. Last reported annual revenues were approximately $11.09 billion for the fiscal year ended January 3, 2020. Additional details are available on the Leidos Investor Relations website.
Leidos has finalized its acquisition of 1901 Group for approximately $215 million in cash, enhancing its cloud and digital modernization capabilities. The deal, previously announced on Dec. 10, 2020, adds nearly 400 IT and cloud specialists to Leidos, enabling it to better support mission-critical needs for its customers. 1901 Group, a provider of managed IT services and cloud solutions, will operate as a wholly-owned subsidiary, expected to drive future growth and innovative solutions in the defense sector.
Leidos (NYSE:LDOS), a leader in science and technology, has been awarded a prime contract valued at $64 million from the FAA to modernize their safety analysis tools through the Operational Analysis and Reporting System (OARS). The contract includes a four-year base period and two two-year options, with operations based in Gaithersburg, Maryland, and Morgantown, West Virginia. This initiative supports the FAA's ATO Safety Management System by enhancing safety risk management using advanced technologies.
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.