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. (NYSE: LDOS) generates frequent news as a technology, engineering and science company serving defense, intelligence, civil, health and commercial markets. Company announcements highlight digital and mission innovations for government and commercial customers, reflecting its role in national security, aviation security, energy programs and civil space integration.
Investors and observers following LDOS news will see regular earnings releases and financial updates, including quarterly results, forward guidance and details on new business awards and backlog. Leidos also issues press releases on capital allocation decisions such as quarterly cash dividends, providing context on how it returns capital to shareholders alongside investments in growth areas.
Another major category of Leidos news involves contract wins and program milestones. Recent communications have described awards in classified mission support, AI-enabled mission software, undersea warfare support, air traffic management modernization and managed health services. Updates on long-term programs, such as administration of the Hawai'i Energy efficiency initiative or support for NASA human space exploration, illustrate the company’s ongoing role in multi-year government and infrastructure projects.
Leidos also reports on technology developments and partnerships. Examples include collaborations to enhance customs checkpoint inspections through AI-enabled trade analysis, integration of baggage screening technologies, certification of explosive trace detection systems to meet evolving aviation security standards, and the Imperium AI platform for information operations developed with VML. Space-related news, such as its selection to lead assembly, integration and testing for the Starlab commercial space station, further underscores its presence in civil space.
This LDOS news page on Stock Titan aggregates such updates in one place, making it easier to track financial results, contract activity, technology announcements and strategic initiatives over time.
Leidos has released its 15th annual sustainability report for 2023, highlighting the company's progress in environmental, social, and governance initiatives. The report, aligned with Global Reporting Initiative Standards, focuses on three key areas: cultivating inclusion, advancing environmental sustainability, and promoting healthier lives.
Key achievements include continuous reduction of scope 1 and 2 emissions since 2010, hiring over 2,200 veterans and military spouses, and maintaining strong community engagement through volunteerism and philanthropy. CEO Tom Bell emphasized that sustainability principles are integrated throughout Leidos's operations, programs, and decision-making processes.
Leidos (NYSE:LDOS) has secured a new contract to modernize the Organ Procurement and Transplant Network (OPTN), awarded by the U.S. Department of Health and Human Services. The multiple-award contract has a potential value of $235 million, including a one-year base period and four one-year options.
The company will compete with other vendors to modernize key aspects of the organ transplant system, aiming to improve transparency, performance, governance, and efficiency. This initiative will benefit over 100,000 people on the national organ transplant waitlist and represents the most significant OPTN reforms in nearly 40 years.
Leidos (NYSE:LDOS) has secured a new $93 million Technical Assistance for Repairables Processing (TARP) contract from the Naval Supply Systems Command Fleet Logistics Center. The contract includes a one-year base period with four one-year options and a six-month option. Under this contract, Leidos will develop a business intelligence dashboard and provide global field representatives to train U.S. Navy personnel on Reverse Supply Chain operations, including proper packaging of military assets and use of the electronic Retrograde Management System. This marks Leidos' seventh TARP program contract since 2000.
Leidos (LDOS) reported strong Q3 2024 results with revenues of $4.2 billion, up 7% year-over-year. Net income reached $362 million ($2.68 per diluted share), with a record adjusted EBITDA margin of 14.2%. The company achieved substantial net bookings of $8.1 billion with a book-to-bill ratio of 1.9. Based on strong performance, Leidos raised its FY2024 guidance, projecting revenues of $16.35-16.45 billion and non-GAAP diluted EPS of $9.80-$10.00. The company demonstrated robust cash flow generation with $656 million from operations and returned $254 million to shareholders through dividends and share repurchases.
Leidos Holdings (NYSE:LDOS) has announced a 5.3% increase in its quarterly cash dividend to $0.40 per share, up from the previous $0.38. The dividend will be paid on December 31, 2024, to stockholders of record as of December 16, 2024. Leidos, a Fortune 500® innovation company focused on national security and health solutions, employs 48,000 people globally and reported annual revenues of approximately $15.4 billion for the fiscal year ended December 29, 2023.
Leidos (NYSE:LDOS) has received a success memorandum from the Defense Innovation Unit (DIU) for completing key milestones in its Electric Vehicle Charging as a Service (EV CaaS) prototype for the Department of Air Force. The company becomes the sole vendor authorized to provide a FedRAMP-accredited budget-neutral EV CaaS solution for the Department of Defense and U.S. government. Leidos completed initial prototype milestones in under a year at three Air Force bases and was awarded its first production agreement for Edwards Air Force Base. The solution includes make-ready infrastructure, cybersecure EV charging facilities, and a budget-neutral business model.
Leidos (NYSE:LDOS) has been awarded a $331 million contract to modernize the U.S. Army's network, aligning with the Army's Network Modernization Strategy and Unified Network Plan. The contract, awarded by the Army Program Executive Office for Command, Control and Communications-Tactical Global Enterprise Network Modernization-OCONUS, has a one-year base period with four one-year options.
Leidos will deploy the Army's Global Unified Network (AGUN), which utilizes Software Defined Network technologies and supports the transition to a Zero Trust Architecture. This initiative aims to deliver a standardized, orchestrated modern network architecture, enhancing interoperability and security across all operational levels.
The project will make applications, data, and enterprise services accessible, trusted, and interoperable globally, supporting the Army's divestiture of Joint Regional Security Stacks.
Leidos, a Fortune 500® innovation leader, has reintroduced its counter-unmanned aerial system (C-UAS) solution under the new name AirShield™. This advanced system is designed to provide robust air defense while on the move, featuring both kinetic and non-kinetic effectors. AirShield offers comprehensive protection against unmanned aerial vehicles (UAVs) in dynamic operational environments.
Key features of AirShield include:
- Multi-layered system capable of autonomous operation
- Advanced threat assessment and multiple defense mechanisms
- Integration of AI for weapon-to-threat pairing
- Emphasis on cyber resiliency
Leidos plans to field AirShield prototypes with U.S. Southern Command in 2025 and is building a production line for future customer deliveries starting the same year.
Leidos has been awarded a $249 million contract by the Army Contract Command to enhance security at 92 additional Army and select Joint-Service installation access control points worldwide. The Automated Installation Entry (AIE) Next Generation contract has a six-year period of performance.
As the AIE prime contractor, Leidos has transformed the Army's enterprise Physical Access Control System to a fully extensible cloud-based solution with advanced biometrics modalities. The system is designed to expedite access control for authorized personnel and vehicles, validating identification credentials against authoritative and law enforcement databases.
Leidos will perform work on-site at Army and Joint-Service installations, with systems engineering and test activities primarily executed at their Edgewood, Maryland facility. The cloud deployment aims to provide near real-time updates to authentication requirements in response to changing force protection conditions.
Leidos (NYSE:LDOS), a Fortune 500® innovation leader, has appointed Leslie Fautsch as the new chief human resources officer. Fautsch will be responsible for supporting 48,000 Leidos employees worldwide and shaping the company's workforce strategy. With nearly 14 years of experience at Leidos, Fautsch has previously led enhancements to total rewards programs and redefined the human capital strategy. She has also held various HR leadership positions within the company, including overseeing compensation, benefits, and recognition programs.
Fautsch is a licensed attorney with a law degree from Marquette University and a bachelor's degree in government and public policy from the University of Notre Dame. Prior to joining Leidos, she served in employee relations, ethics, and HR management roles at another major aerospace company.