Leidos Holdings, Inc. - LDOS STOCK NEWS

Leidos (NYSE: LDOS) has secured a $189 million subcontract from Accenture Federal Services to aid the CDC in cloud modernization services. This contract encompasses a one-year base period and two one-year options. Leidos aims to enhance CDC's public health data systems through tasks like application rationalization and cloud modernization. The partnership combines Leidos' technical expertise with Accenture's resources to support the U.S. Department of Health and Human Services in its digital modernization efforts for effective public health management.

Leidos (NYSE:LDOS) announces the appointment of Darby LaJoye as Vice President and Strategic Account Executive for the U.S. Department of Homeland Security (DHS). His role will focus on strengthening relationships with DHS and driving organic growth. LaJoye brings extensive experience, previously serving as Executive Assistant Administrator for Security Operations at the Transportation Security Administration (TSA), overseeing over 60,000 employees. Leidos reported annual revenues of approximately $13.7 billion for the fiscal year ending December 31, 2021.

Leidos (NYSE:LDOS) has partnered with New-South Synergy to upgrade the security checkpoints at Hartsfield-Jackson Atlanta International Airport. This initiative aims to enhance the airport's security while improving passenger experience. The upgrades will replace existing Pro:Vision® 1 scanners with the advanced Pro:Vision® 2 systems, featuring a compact design and safe millimeter wave technology. These systems have been approved under the TSA's Capabilities Acceptance Process, ensuring high-quality standards for security equipment.

Leidos (NYSE: LDOS) and Microsoft have successfully demonstrated their collaborative efforts to advance the Joint All-Domain Command and Control (JADC2) strategy during Project Convergence 22. This initiative paired Leidos' Edge to Cloud technology with Microsoft Azure to enhance operational capabilities across the Department of Defense. The partnership aims to integrate traditional and cloud systems for improved data sharing and decision-making. Leidos reported approximately $13.7 billion in annual revenues for 2021, highlighting its position as a leader in technology solutions.

Leidos (NYSE: LDOS) will webcast its Dynetics Investor Site Visit on Dec. 1, 2022, starting at 9:00 a.m. ET. The event will feature presentations from the Leidos and Dynetics leadership team, discussing Dynetics' role within Leidos, key programs, and future prospects. The webcast will originate from Huntsville, Alabama, and will be available on the Leidos Investor Relations website. A replay will be accessible 24 hours later for one year. Leidos reported approximately $13.7 billion in annual revenues for fiscal year 2021.

Leidos (NYSE:LDOS) announced the successful deployment of its first Terminal Flight Data Manager (TFDM) system at Cleveland Hopkins International Airport, aimed at enhancing air traffic efficiency. This NextGen technology will reduce runway departure queues and lower greenhouse gas emissions by minimizing airplane taxi times. Leidos is the prime contractor developing TFDM and plans to expand its implementation to additional airports, including a second phase at Charlotte Douglas International Airport in 2024. Annual revenue for Leidos is approximately $13.7 billion.

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.