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Leidos Holdings, Inc. (NYSE: LDOS) is a leading science and technology company that provides services and solutions in defense, intelligence, civil, and health markets. Headquartered in Reston, Virginia, Leidos leverages the expertise of its 47,000 employees to tackle some of the world's most pressing challenges. The company is divided into several segments, each catering to specific industries:
- National Security and Digital: Focuses on cyber, logistics, security operations, and digital transformation for defense and intelligence customers.
- Health & Civil: Delivers public health solutions, care coordination, and environmental sciences services.
- Commercial & International: Covers security enterprise solutions, commercial energy offerings, and international business.
- Defense Systems: Develops advanced space, aerial, surface, and subsurface defense systems.
Leidos reported revenues of approximately $15.4 billion for the fiscal year ending December 29, 2023. The company’s recent projects include:
- Development of C2IMERA: An advanced command and control tool for the U.S. Air Force.
- MHS GENESIS Deployment: A federal electronic health record system implemented across all Department of Defense garrison facilities.
- Mayhem Hypersonic System: Advancing air-breathing hypersonic technologies through a collaborative national team effort.
Financially, Leidos had a strong 2023 with revenues up by 7%, achieving a record net income margin of 7.1% in the first quarter of 2024. The company remains committed to innovation, operational efficiency, and addressing emerging threats in national security and health.
Leidos emphasizes its commitment to environmental sustainability during Earth Month 2023, engaging employees in community service and forming Green Teams to drive eco-initiatives. The company highlights its contributions in various projects, such as collaborating with the U.S. Army Corps of Engineers to stabilize shorelines in Hampton, Virginia, aiding NASA in developing a climate action plan, and partnering with the National Energy Technology Laboratory to enhance electrical grid efficiency. Additionally, Leidos is assisting National Grid in assessing energy reduction and clean energy projects. Comprehensive details can be found in their Sustainability Report.
Leidos has partnered with NASCAR to develop a Lunar Terrain Vehicle as part of NASA's Artemis program. The collaboration aims to enhance speed, safety, and reliability for moon missions, with the vehicle's design revealed at the Space Symposium on April 18, 2023. CEO Roger Krone emphasized the groundbreaking nature of this partnership, which seeks to inspire future engineers and innovators. The rover is designed to support diverse crew members and promote inclusivity in space exploration. Leidos is also working on the Human Landing System contract and the Universal Stage Adapter to transport essential equipment. This partnership marks a significant step in the quest for sustainable lunar presence, combining advanced technology with a focus on safety and innovation.
Leidos (NYSE: LDOS) has secured a prime contract to develop an uncrewed aircraft system (UAS) for the Marine Corps, aimed at autonomously resupplying ground forces. The contract, which spans 18 months, involves creating a prototype medium unmanned logistics system capable of carrying payloads between 300 and 600 pounds over distances from 25 to 100 nautical miles. Key locations for development include Colorado, Ohio, and California. Leidos collaborates with Phenix Solutions for this project. The company reported annual revenues of about $14.4 billion for the fiscal year ending December 30, 2022, enhancing its position as a leader in defense technology.
Leidos (NYSE: LDOS) has announced a conference call on May 2, 2023, at 8 a.m. ET to discuss its first-quarter 2023 financial results ending March 31, 2023. The earnings press release will precede the call on the same date. Interested parties can listen via a live internet stream or by telephone at 877-869-3847 (U.S.) or +1-201-689-8261 (international). A replay will be available starting at 11:30 a.m. ET on May 2 until May 9. Leidos, headquartered in Reston, Virginia, reported approximately $14.4 billion in revenues for the fiscal year ending December 30, 2022.
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