STOCK TITAN

Leidos Announces $1.75 Million Gift to Drake State Community & Technical College

Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Very Positive)
Tags

Leidos (NYSE:LDOS) announced a $1.75 million donation to Drake State Community & Technical College in Huntsville, Alabama. The gift will fund advanced manufacturing and IT programs, student apprenticeships, campus upgrades, a scholarship endowment, and faculty development. In recognition, Drake State will name its new advanced manufacturing facility the Leidos Advanced Training Complex.

The donation strengthens the existing partnership between the institutions, following Drake State's earlier appointment as a Leidos subcontractor supporting NASA's AEGIS contract. This initiative aligns with Leidos' commitment to supporting STEM education and historically Black colleges.

Leidos (NYSE:LDOS) ha annunciato una al Drake State Community & Technical College ad Huntsville, Alabama. Il contributo finanzierà programmi di produzione avanzata e IT, apprendistati per studenti, miglioramenti del campus, un fondo per borse di studio e lo sviluppo del corpo docente. In segno di riconoscimento, il Drake State chiamerà il suo nuovo impianto di produzione avanzata Leidos Advanced Training Complex.

La donazione rafforza la partnership esistente tra le istituzioni, dopo che il Drake State era stato precedentemente nominato subappaltatore di Leidos per sostenere il contratto AEGIS della NASA. Questa iniziativa si allinea all'impegno di Leidos nel sostenere l'educazione STEM e le università storicamente nere.

Leidos (NYSE:LDOS) anunció una al Drake State Community & Technical College en Huntsville, Alabama. La donación financiará programas de fabricación avanzada e IT, prácticas estudiantiles, mejoras en el campus, un fondo de becas y desarrollo docente. En reconocimiento, Drake State nombrará su nueva instalación de fabricación avanzada Leidos Advanced Training Complex.

La donación fortalece la asociación existente entre las instituciones, después de que Drake State fuera nombrado anteriormente subcontratista de Leidos apoyando el contrato AEGIS de la NASA. Esta iniciativa se alinea con el compromiso de Leidos de apoyar la educación STEM y las universidades históricamente negras.

Leidos (NYSE:LDOS)는 앨라배마주 헌츠빌에 위치한 드레이크 주립 커뮤니티 및 기술 대학에 175만 달러 기부를 발표했습니다. 이 기부금은 고급 제조 및 IT 프로그램, 학생 인턴십, 캠퍼스 개선, 장학금 기금 및 교수 개발을 지원합니다. 이에 대한 인정으로, 드레이크 주립 대학은 새로운 고급 제조 시설을 Leidos Advanced Training Complex로 명명할 것입니다.

이번 기부는 이전에 드레이크 주립 대학이 NASA의 AEGIS 계약을 지원하는 Leidos의 하청업체로 임명된 이후 두 기관 간의 기존 파트너십을 강화합니다. 이 이니셔티브는 STEM 교육 및 역사적으로 흑인 대학 지원에 대한 Leidos의 약속과 일치합니다.

Leidos (NYSE:LDOS) a annoncé un don de 1,75 million de dollars au Drake State Community & Technical College à Huntsville, Alabama. Ce don financera des programmes de fabrication avancée et d'informatique, des apprentissages pour les étudiants, des améliorations du campus, un fonds de bourses et le développement du corps professoral. En reconnaissance, Drake State nommera sa nouvelle installation de fabrication avancée Leidos Advanced Training Complex.

La donation renforce le partenariat existant entre les institutions, suite à la nomination préalable de Drake State en tant que sous-traitant de Leidos soutenant le contrat AEGIS de la NASA. Cette initiative s'aligne sur l'engagement de Leidos à soutenir l'éducation STEM et les universités historiquement noires.

Leidos (NYSE:LDOS) kündigte eine Spende von 1,75 Millionen Dollar an das Drake State Community & Technical College in Huntsville, Alabama, an. Die Spende wird fortschrittliche Fertigungs- und IT-Programme, Schülerpraktika, Verbesserungen des Campus, einen Stipendienfonds und die Weiterbildung des Fakultäts unterstützen. Zur Anerkennung wird Drake State seine neue Einrichtung für fortschrittliche Fertigung Leidos Advanced Training Complex nennen.

Die Spende stärkt die bestehende Partnerschaft zwischen den Institutionen, nachdem Drake State zuvor als Unterauftragnehmer von Leidos für den NASA AEGIS-Vertrag ernannt wurde. Diese Initiative steht im Einklang mit Leidos' Engagement zur Unterstützung von STEM-Bildung und historisch schwarzen Colleges.

Positive
  • Strengthens relationship with NASA through Drake State subcontractor partnership
  • Expands workforce development pipeline in technical and manufacturing sectors
  • Enhances company's position in government contracting through educational partnerships
Negative
  • None.

Insights

This $1.75 million donation to Drake State, while philanthropic, has strategic business implications. The investment strengthens Leidos' talent pipeline in advanced manufacturing and IT, particularly in Huntsville's growing aerospace hub. By establishing the Leidos Advanced Training Complex and creating apprenticeship programs, the company secures early access to skilled workers in critical technical fields.

The timing aligns with Leidos' recent NASA AEGIS contract involvement, where Drake State serves as a subcontractor. This dual-purpose investment enhances both workforce development and strengthens relationships with key government clients. For a company with $21.3 billion market cap, this strategic educational partnership represents a small but calculated investment in future operational capabilities.

RESTON, VA / ACCESSWIRE / November 19, 2024 / Leidos (NYSE:LDOS) today announced a $1.75 million donation to Drake State Community & Technical College in Huntsville, Alabama, creating new learning opportunities for students and allowing them to gain hands-on experience with complex technical and manufacturing projects. In recognition of this gift, Drake State will name its new advanced manufacturing facility the Leidos Advanced Training Complex.

"At Leidos, we believe in the transformative power of education, and we are committed to advancing opportunities for underrepresented communities," said Leidos CEO Tom Bell. "Through this collaboration with Drake State, we are not only investing in the future leaders of our industry but also supporting an institution that has a long history of nurturing talent, innovation, and excellence in Black communities. We are proud to contribute to the continued success of Drake State and its remarkable students."

"This generous gift from Leidos represents a powerful investment in the future of Drake State's students, faculty, and the broader community," said Drake State President Dr. Patricia Sims. "The new Leidos Advanced Training Complex will offer students access to hands-on engineering, manufacturing and technology experiences that will equip them for bright futures in aerospace, technology, and advanced manufacturing. We thank Tom Bell and Leidos for their support and look forward to collaboration for years to come."

The Leidos gift will help fund advanced manufacturing and IT programs, student apprenticeships, campus technical and infrastructure upgrades, a new scholarship endowment, and faculty development opportunities.

The donation builds on the announcement earlier this year that Drake State has become a Leidos subcontractor in support of NASA, helping provide critical IT solutions and end-user services under the Advanced Enterprise Global IT Solutions, or AEGIS, contract.

The collaboration with Drake State continues Leidos' long-standing commitment to supporting STEM (science, technology, engineering, and mathematics) education and historically Black colleges and universities and other minority serving institutions.

About Leidos
Leidos is a Fortune 500® innovation company rapidly addressing the world's most vexing challenges in national security and health. The company's global workforce of 48,000 collaborates to create smarter technology solutions for customers in heavily regulated industries. Headquartered in Reston, Virginia, Leidos reported annual revenues of approximately $15.4 billion for the fiscal year ended December 29, 2023. For more information, visit www.leidos.com.

About Drake State Community & Technical College
Drake State Community and Technical College offers flexible, affordable technical and university-transfer degrees, industry certification, adult and continuing education, and customized skills training to support and enhance the North Alabama community.

Leidos CEO Tom Bell and Drake State President Dr. Patricia Sims

View additional multimedia and more ESG storytelling from Leidos on 3blmedia.com.

Contact Info:
Spokesperson: Leidos
Website: https://www.3blmedia.com/profiles/leidos
Email: info@3blmedia.com

SOURCE: Leidos



View the original press release on accesswire.com

FAQ

How much did Leidos (LDOS) donate to Drake State College in November 2024?

Leidos (LDOS) donated $1.75 million to Drake State Community & Technical College in Huntsville, Alabama.

What will the Leidos (LDOS) donation to Drake State fund?

The donation will fund advanced manufacturing and IT programs, student apprenticeships, campus technical and infrastructure upgrades, a new scholarship endowment, and faculty development opportunities.

What is Drake State's role in Leidos' (LDOS) NASA contract?

Drake State serves as a Leidos subcontractor providing IT solutions and end-user services under the Advanced Enterprise Global IT Solutions (AEGIS) contract for NASA.

Leidos Holdings, Inc.

NYSE:LDOS

LDOS Rankings

LDOS Latest News

LDOS Stock Data

18.99B
131.91M
1.04%
78.75%
1.43%
Information Technology Services
Services-computer Integrated Systems Design
Link
United States of America
RESTON