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Overview of Leidos Holdings, Inc.
Leidos Holdings, Inc. (NYSE: LDOS) is a Fortune 500 technology, engineering, and science company that delivers comprehensive solutions for some of the nation's most complex challenges. Leveraging its deep expertise in defense, intelligence, and health, the company provides integrated services and innovative digital solutions that support national security, modernize critical infrastructures, and enhance health outcomes. With extensive experience partnering with U.S. government agencies and commercial entities, Leidos is at the forefront of advancing cybersecurity, digital modernization, geospatial intelligence, and mission-critical IT transformation.
Core Business Segments
Leidos organizes its operations into three primary segments, each addressing key market requirements:
- Defense Solutions: This segment supplies cutting-edge technologies and services that help secure national defense and intelligence missions. By delivering advanced cybersecurity measures, digital transformation initiatives, and secure communications, Leidos ensures that defense agencies maintain resilient infrastructures.
- Civil Sector: Focused on supporting public institutions, the Civil segment provides innovative engineering and digital services to state and local government agencies. These solutions are designed to optimize IT systems, enhance public safety, and improve operational efficiencies in heavily regulated industries.
- Health Services: In the health domain, Leidos develops and implements technology-driven solutions that enhance patient care, streamline clinical research, and support robust health infrastructures. The company collaborates with prominent health agencies to deliver managed health services and clinical innovations that drive better health outcomes.
Industry-Leading Capabilities
Leidos is recognized for its commitment to technological innovation and operational excellence. Some of the key factors that underline its industry authority include:
- Digital Modernization: Continuous integration of advanced IT systems and secure communications enhances both digital and physical infrastructure resilience.
- Cybersecurity & Data Integrity: The company delivers robust cybersecurity solutions, emphasizing secure cryptographic key management and zero trust architectures that safeguard sensitive data.
- Geospatial & Intelligence Services: Through precision geospatial intelligence and comprehensive topographic data analysis, Leidos equips government agencies with the information necessary for critical decision-making.
- Collaborative Innovation: By partnering with cutting-edge technology providers and utilizing open architecture frameworks, Leidos continuously refines its product offerings and operational strategies.
Market Position and Competitive Edge
Positioned within the competitive landscape of defense and health technology, Leidos distinguishes itself through:
- Proven Track Record: With decades of experience in supporting key government missions, Leidos has developed a reputation for reliability and technical prowess.
- Integrated Solutions: Its integrated service model across defense, civil, and health sectors ensures a holistic approach to solving complex challenges.
- Expert Workforce: The company's deep bench of technical professionals and domain experts drives innovative project delivery and enhances client trust.
Commitment to Innovation and Excellence
Leidos is dedicated to providing mission-critical solutions that not only solve today's challenges but also lay a robust foundation for ongoing technological innovation. Its strategy is built on enhancing operational efficiency, ensuring the integrity of digital infrastructures and defending national assets from emerging threats. By continuously upgrading its technology portfolio and collaborating with industry partners, Leidos remains a trusted name in delivering sophisticated solutions to complex problems.
Conclusion
The company's multi-faceted business model, extensive experience, and unwavering commitment to excellence make it a significant player in the defense, civil, and health sectors. Investors and stakeholders seeking a comprehensive understanding of a company that bridges technology with practical solutions will find Leidos Holdings, Inc. to be a prime example of enduring innovation and meticulous execution.
Leidos (NYSE: LDOS) has announced the promotion of Jason Albanese to corporate executive vice president and chief growth officer, effective March 3, 2024. He will succeed Gerry Fasano, who is retiring on April 4 after a 40-year career. Albanese, currently senior vice president of growth for the company's National Security sector, will report directly to CEO Tom Bell and will be key in implementing the company's NorthStar 2030 strategy.
The announcement comes as Leidos reported record financial performance for 2024, including its best fourth quarter book-to-bill ratio. Albanese, who joined Leidos in 2017 following the merger with Lockheed Martin's Information Systems and Global Solutions organization, brings experience in growth, business development, program management, and engineering.
Leidos Inc (NYSE:LDOS) has launched a cash tender offer for all outstanding 3.625% Senior Notes due 2025. The tender offer expires on February 20, 2025, at 5:00 p.m. ET, unless extended. The total principal amount outstanding is $500 million.
The Notes Consideration will be determined based on the U.S. Treasury Reference Security yield plus a fixed spread of 0 bps. Holders will receive accrued and unpaid interest from November 15, 2024, up to the settlement date, expected to be February 25, 2025.
The tender offer is contingent on Leidos completing a new senior notes offering to generate sufficient funds for the repurchase. If any 2025 Notes remain outstanding after the tender offer, Leidos expects to satisfy and discharge them according to the indenture terms.
Leidos (LDOS) reported strong financial results for Q4 and FY 2024. Q4 revenues reached $4.4 billion (up 10% YoY), while full-year revenues hit $16.7 billion (up 8% YoY). Q4 diluted EPS was $2.12 (up 28% YoY), and full-year EPS reached $9.22 (up 540% YoY).
The company demonstrated robust operational performance with Q4 net income of $282 million and full-year net income of $1.25 billion. Cash flows from operations were $299 million for Q4 and $1.4 billion for the year. Backlog grew to $43.6 billion, up 18% YoY, with a 2024 book-to-bill ratio of 1.4.
Looking ahead, Leidos provided FY2025 guidance projecting revenues between $16.9-17.3 billion, with non-GAAP diluted EPS of $10.35-10.75 and operating cash flow of approximately $1.45 billion.
Leidos Holdings (NYSE:LDOS) has announced its board of directors has declared a quarterly cash dividend of $0.40 per outstanding share of common stock. The dividend will be paid on March 28, 2025, to stockholders of record as of March 14, 2025.
The company, headquartered in Reston, Virginia, is an industry and technology leader providing digital and mission innovations to government and commercial customers. With 48,000 global employees, Leidos reported annual revenues of approximately $15.4 billion for the fiscal year ended December 29, 2023.
Nauticus Robotics (NASDAQ: KITT) has formed a strategic alliance with Leidos (NYSE: LDOS) to advance subsea autonomy solutions. The partnership builds upon their previous successful collaboration and aims to develop next-generation autonomous underwater systems.
Nauticus will contribute its commercial subsea vehicle development expertise, including its Aquanaut system and proprietary ToolKITT software platform, to enhance future unmanned underwater vehicles. The company specializes in developing autonomous robots for ocean industries, focusing on reducing operational costs and maintaining subsea infrastructure.
The alliance combines Nauticus' autonomous robotics capabilities with Leidos' technology leadership, who reported annual revenues of $15.4 billion for fiscal year 2023 and employs 48,000 people globally.
Leidos (NYSE:LDOS) has secured a follow-on checkpoint sustainment contract with the Transportation Security Administration (TSA) worth up to $2.6 billion over an eight-year period. The contract involves maintaining 12,000 units of Transportation Security Equipment across more than 430 airport locations in the U.S. and its territories.
Under the agreement, Leidos will collaborate with original equipment manufacturers to ensure high operational availability through preventive, corrective, and depot maintenance. The company will provide program management, contractor logistics support, supply chain risk analysis, TSA service response center oversight, and IT infrastructure development.
Leidos maintains a dedicated system supporting field service technicians, capturing metrics, and utilizing predictive analytics through their Trusted Mission AI to support screening system availability. The company has been supporting TSA's passenger screening mission with integrated logistics since 2013.
Leidos (NYSE: LDOS) has secured a new prime contract worth $120 million from the Naval Information Warfare Center Pacific to provide Key Management Architecture & Engineering and Cyber Security Engineering Support Services to the Department of Defense, Intelligence Community and civilian agencies. The contract includes a one-year base period with four one-year optional extensions.
Under this agreement, Leidos will focus on designing, developing, testing, integrating, and maintaining technologies for key management systems. The company will continue its role in securely designing and deploying electronic cryptographic key material for U.S. and allied national security customers.
Leidos (NYSE: LDOS) has announced its upcoming fourth quarter and full year 2024 financial results conference call, scheduled for February 11, 2025, at 8:00 AM ET. The company will release its quarterly earnings press release prior to the conference call on the same day. The financial results will cover the period ending January 3, 2025.
The conference call will be accessible via live and replay audio broadcast on the Leidos Investor Relations website, along with corresponding press release, presentation materials, and supplemental information. The webcast recording will remain available until February 11, 2026.
Leidos QTC Health Services, a subsidiary of Leidos (NYSE:LDOS), has secured a contract from the Veterans Benefits Administration (VBA) for Medical Disability Examination Services in Regions 1-4. The company delivered over 1 million examination cases in 2024, serving an average of 63,000 veterans monthly since 1998.
The new short-term indefinite delivery/indefinite quantity (IDIQ) contract includes nationwide examination services and case administration, featuring performance metrics for exam production, completion time, quality, and customer satisfaction. The contract spans one year with an optional additional year.
The company has enhanced its services through AI and machine learning implementation and expanded its mobile health clinic fleet to reach rural and homebound veterans. These improvements aim to provide more efficient examination services for veterans.
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 collaboration aims to strengthen the connection between academia and industry, providing students with valuable industry exposure.
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.
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