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Leidos Holdings, Inc. (NYSE: LDOS) delivers mission-critical technology and engineering solutions to defense, intelligence, and healthcare sectors. This news hub provides investors with essential updates about contract awards, strategic partnerships, and operational developments impacting this Fortune 500 leader.
Access timely press releases and analysis covering Leidos' defense modernization initiatives, cybersecurity advancements, and health IT innovations. Our curated collection helps stakeholders track progress in key areas like geospatial intelligence, digital transformation projects, and government contracting milestones.
Find updates on quarterly earnings, major Department of Defense contracts, and research breakthroughs in secure communications technology. All content is verified through primary sources to ensure accuracy for financial decision-making.
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Leidos (NYSE:LDOS) has achieved recognition as one of the World's Most Ethical Companies® for the eighth consecutive year, as announced by Ethisphere. The company stands as one of only two honorees in the Information Technology category for 2025.
The recognition is based on Ethisphere's Ethics Quotient® assessment, which evaluates companies across more than 240 proof points related to ethics, compliance, governance, environmental and social impact, and value chain initiatives. Leidos, headquartered in Reston, Virginia, operates with 48,000 global employees and reported annual revenues of approximately $16.7 billion for the fiscal year ended January 3, 2025.
The company's ethical foundation is built on its Code of Conduct, which guides employees in maintaining high ethical standards in daily operations. In 2025, a total of 136 companies across 19 countries and 44 industries received this prestigious recognition.
Leidos (NYSE:LDOS) and SeeTrue have announced a strategic partnership to enhance airport security and customs screenings through AI-powered threat detection technology. The collaboration combines Leidos' Trusted Mission AI approach with SeeTrue's advanced algorithms to detect prohibited items more efficiently.
Michael Van Gelder, Senior Vice President at Leidos, emphasized the partnership's goal of delivering innovative solutions with advanced threat detection capabilities. The integration of third-party detection algorithms aims to accelerate development to meet evolving customer needs, with a focus on currency and narcotics detection that will soon be deployed through Leidos' ClearScan CT scanner.
Assaf Frenkel, Co-founder & CEO of SeeTrue, highlighted how the partnership leverages open architecture and AI technology to automate threat detection across security and customs markets, reinforcing their shared commitment to creating a safer world.
Leidos Holdings (NYSE:LDOS) announced the expiration of its cash tender offer for its 3.625% Senior Notes due 2025. The tender offer, conducted by wholly-owned subsidiary Leidos, Inc., expired on February 20, 2025, at 5:00 p.m., New York City time.
As of the expiration time, $267,393,000, representing 53.48% of the $500 million aggregate principal amount outstanding, had been validly tendered. Holders who validly tendered their notes will receive $998.30 for each $1,000 principal amount, plus accrued and unpaid interest from November 15, 2024, up to the settlement date of February 25, 2025.
The tender offer is being managed by Citigroup Global Markets, J.P. Morgan Securities, and U.S. Bancorp Investments as Dealer Managers, with Global Bondholder Services serving as the depositary agent and information agent.
Leidos Holdings (NYSE:LDOS) has announced pricing terms for its cash tender offer to purchase any and all outstanding 3.625% Senior Notes due 2025. The tender offer, made through its subsidiary Leidos, Inc., will expire at 5:00 p.m., New York City time, on February 20, 2025.
Holders who validly tender their notes will receive the Notes Consideration plus 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 that will generate sufficient proceeds to repurchase tendered 2025 Notes and repay any remaining outstanding notes.
Citigroup, J.P. Morgan, and U.S. Bancorp are acting as Dealer Managers for the tender offer, with Global Bondholder Services serving as the depositary and information agent.
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.
