Leidos Holdings, Inc. - LDOS STOCK NEWS

Leidos Holdings, Inc. (NYSE: LDOS) reported third-quarter revenues of $3.6 billion, reflecting a 4% increase year-over-year. Net income stood at $164 million, with diluted EPS at $1.17, down 18% compared to the previous year. Adjusted EBITDA was $372 million, an 8% decline. Cash flow from operations reached $748 million, marking the highest quarterly cash flow in its history. The company updated its FY22 guidance, projecting revenues between $14.2 billion and $14.4 billion.

Leidos (NYSE: LDOS) has completed its acquisition of Cobham Aviation Services Australia's Special Mission business as of October 31, 2022. This strategic move marks Leidos' entry into the Australian aviation market, enhancing its airborne ISR capabilities. The Special Mission business provides critical services such as border surveillance and search and rescue, operating 14 modified aircraft under government contracts. Leidos anticipates growth opportunities and a strengthened position in the market with this integration, which supports vital missions for the Australian Government.

Leidos Holdings, Inc. (NYSE:LDOS) has declared a quarterly cash dividend of $0.36 per share, payable on December 30, 2022, to stockholders on record as of December 15, 2022. This announcement reflects the company's commitment to providing returns to its shareholders. Leidos, a leader in technology, engineering, and science solutions, reported annual revenues of approximately $13.7 billion for the fiscal year ended December 31, 2021. With 44,000 employees, Leidos continues to support missions across defense, intelligence, civil, and health markets.

Leidos (NYSE:LDOS) has secured a follow-on prime contract with the Transportation Security Administration (TSA) valued at approximately $55 million. This contract extends their role in hazardous materials management and disposal across over 430 airports in the U.S., including Alaska and Hawaii. It includes a nine-month base period and four optional one-year periods. Leidos will ensure compliance with regulations involving hazardous waste, including training, audits, and emergency response.

Leidos (NYSE: LDOS) has been awarded a prime task order worth up to $1.5 billion by the Department of Defense. The contract includes a one-year base period and four additional one-year options, focusing on enhancing C5ISR capabilities globally. According to Gerry Fasano, President of Leidos Defense Group, the project aims to integrate advanced technology for improving operational effectiveness in the military. This contract expands Leidos' support for warfighters, providing essential technological innovation in a rapidly evolving defense landscape.

The Leidos Partnership for Defense Health (LPDH) announced the successful deployment of MHS GENESIS electronic health records to 18 military commands, benefiting an additional 10,000 clinicians. This deployment integrates new revenue cycle capabilities, enhancing patient accounting and medical coding. MHS GENESIS now operates at over 1,800 locations, serving 5.1 million Department of Defense beneficiaries, with plans for eight more deployments by the end of 2023. The initiative aims to replace paper-based practices and improve communication within the military health system.

Leidos (NYSE: LDOS), a leading science and technology company, has announced a conference call on November 1, 2022, at 8 a.m. (ET) to discuss its third quarter 2022 financial results for the period ending September 30, 2022. The earnings press release will be issued prior to the call. Investors can access a live broadcast and replay via the company's Investor Relations website. Leidos reported approximately $13.7 billion in annual revenue for 2021, emphasizing its position in the defense and intelligence sectors.

Leidos (NYSE: LDOS) announced the appointment of retired Vice Admiral David Lewis as Senior Vice President, Maritime, effective September 22, 2022. Lewis will enhance the company’s maritime capabilities and drive organic growth across its divisions, which include support for Navy ship design, engineering, and advanced vehicle technology. He brings extensive military and technology experience from the Navy and is expected to provide significant operational advantages for Leidos' maritime initiatives. Leidos reported annual revenues of approximately $13.7 billion for fiscal year 2021.

Leidos (NYSE: LDOS) has secured a Blanket Purchase Agreement (BPA) from the U.S. Department of Transportation (USDOT) to provide program and technical support to the Federal Highway Administration (FHWA). The BPA, valued at $60 million, spans five years with a six-month option. Leidos aims to enhance highway policy, analyze transportation investments, and improve safety measures. This contract expands Leidos' collaboration with USDOT and FHWA, reinforcing its position in critical infrastructure and safety services.