Leidos Holdings, Inc. - LDOS STOCK NEWS

Leidos (NYSE: LDOS) has secured a significant $987 million contract from the Air Force Life Cycle Management Center to provide engineering and sustainment services for Foreign Military Sales customers of the F-16 Fighting Falcon. The single-award contract spans a 10-year period and focuses on post-production support for the F-16 weapon system.

The company will implement its Web Based Management System to provide real-time visibility of repair asset tracking and enhance the repair and return process. The system leverages AI and predictive analytics to increase efficiency, visibility, and accountability. This support is important for the global F-16 fleet, which includes approximately 2,200 active aircraft across more than 25 nations.

Leidos (NYSE:LDOS) announced a $2.5 million donation to The Children's Inn at the National Institutes of Health to support renovations and expansions. The contribution will help increase The Inn's capacity to serve young patients and families participating in pediatric research. The donation is part of The Children's Inn's $50 million 'Building Extraordinary' capital campaign, which aims to enhance facilities and services. Upon completion in 2027, the expansion will increase capacity by 25%, allowing accommodation for up to 3,000 patients annually. In recognition of this gift, The Inn's new porte-cochere will bear the Leidos name.

Leidos demonstrated its emergency response capabilities during Hurricanes Helene and Milton in late September and early October 2024. Over 280 power delivery staff volunteered for field operations, working 14-16 hour days to assist utilities with damage assessments across multiple Southeastern U.S. states.

The teams navigated challenging conditions including blocked roadways, downed power lines, and flooding to provide critical information for resource deployment. Despite extended deployments lasting over a week, all field teams returned safely, highlighting Leidos' robust safety protocols. Some team members even deployed ahead of landfall despite living in the storms' direct paths.

Leidos (NYSE:LDOS) has secured a new prime contract worth $107 million from the National Geospatial-Intelligence Agency (NGA) to provide geospatial intelligence (GEOINT) products. The contract includes a one-year base period with four one-year optional extensions and a final six-month optional extension.

Under the agreement, Leidos will deliver human geographic, topographic, and open-source data products to support NGA's cartographers, human geographers, toponymists, catalogers, and collectors. The company will also provide GEOINT products for NGA's Geographic Names Server, enhancing the agency's daily operations and supporting warfighters and national security objectives.

Leidos (NYSE: LDOS) has announced a $2.5 million donation to The Children's Inn at the National Institutes of Health (NIH). The contribution will support renovations and expansions to increase capacity for serving young patients and families participating in pediatric research. The donation is part of The Children's Inn's $50 million Building Extraordinary capital campaign, which aims to enhance facilities and services. Upon completion in 2027, the expansion will increase capacity by 25%, allowing accommodation for up to 3,000 patients annually. The Inn's new porte-cochère will bear the Leidos name in recognition of this gift.

Leidos (NYSE: LDOS) has secured three new awards from the Defense Information Systems Agency (DISA) under the $11.5 billion Defense Enclave Services (DES) program to advance IT transformation and user migration to the Department of Defense Network (DoDNet). The first task order focuses on DoDNet Generation 2 Release 2, implementing cloud-based management and Zero Trust cybersecurity. The second and third awards initiate migrations for the Defense Contract Management Agency and Defense Contract Audit Agency.

Working with 14 Defense Agencies and Field Activities (DAFAs), Leidos expects to migrate approximately 100,000 users to DoDNet by end-2025, with a final target of 370,000 users. These three awards, valued at over $30 million, complement Leidos' recent $823 million task order for DoDNet operations and sustainment.

Leidos has demonstrated significant community engagement through charitable giving and volunteerism in 2023. The company donated over $5 million to charitable organizations, while employees contributed more than 43,600 volunteer hours. The company's charitable focus areas include Healthier Lives, Leadership and Inclusion, National Security and Military, Education/STEM, and Environment.

Through its Employee Volunteer Incentive Program, Leidos recognizes and celebrates employees who demonstrate exceptional commitment to volunteering. The company has updated its volunteering categories to better align with core giving areas, reflecting the diverse interests and dedication of its workforce in community service.

Leidos (NYSE: LDOS) has announced a $750,000 donation to Hampton University in Virginia. The multi-year contribution will support various academic disciplines, including the Schools of Science, Engineering, and Liberal Arts and Education. The donation will fund student scholarships, provide learning opportunities at Leidos facilities, and enhance the university's technology infrastructure.

A key initiative includes establishing the Leidos Innovation Studio at Hampton University, which will enable students to intern with Leidos and work on real-world projects. This donation follows Leidos' commitment to supporting STEM education and Historically Black Colleges and Universities (HBCUs), including a recent donation to Drake State Community & Technical College in Alabama.

Leidos (NYSE: LDOS) has announced its participation in the Goldman Sachs Industrials and Materials Conference in New York City. CFO Chris Cage will conduct a fireside chat Q&A session on December 4, 2024, from 2:00 p.m. to 2:35 p.m. ET. The event will be accessible via live audio webcast on Leidos' Investor Relations website, with a 30-day replay available afterward.

Leidos is a Fortune 500® innovation company with 48,000 employees worldwide, focusing on national security and health solutions. The company, headquartered in Reston, Virginia, reported annual revenues of approximately $15.4 billion for the fiscal year ended December 29, 2023.