Leidos Holdings, Inc. - LDOS STOCK NEWS

Leidos (NYSE: LDOS) is set to participate in the Morgan Stanley 10th Annual Laguna Conference on September 15, 2022, from 2:35 p.m. to 3:05 p.m. PT in Laguna Niguel, CA.

The company's Chief Financial Officer, Chris Cage, will engage in a question and answer fireside chat.

A live audio webcast will be accessible on the Leidos Investor Relations website, with a replay available for 30 days thereafter.

Leidos (NYSE: LDOS) has secured a $358 million contract from the U.S. Naval Sea Systems Command to design and construct a medium unmanned undersea vehicle (MUUV). This cost-plus-fixed-fee contract will be executed mainly in Lynnwood, Washington. The MUUV is expected to enhance the Navy's capabilities in submarine-based oceanographic sensing and mine countermeasures. Leidos will collaborate with L3Harris Technologies on this critical project, further solidifying their longstanding partnership with the Navy.

Leidos (NYSE: LDOS) has announced its definitive agreement to acquire Cobham Aviation Services Australia's Special Mission business. This acquisition, which provides crucial airborne border surveillance and search-and-rescue services, is subject to standard closing conditions and regulatory approvals. Leidos aims to enhance its global airborne ISR capabilities, diversifying revenues and expanding service offerings across Australia. Cobham’s Special Mission operates 14 modified aircraft, conducting extensive surveillance and rescue operations, significantly bolstering Leidos' operational capabilities.

Leidos Holdings reported Q2 2022 revenues of $3.6 billion, a 4% increase from the previous year. Net income reached $172 million, while diluted EPS rose 5% to $1.24. Adjusted EBITDA was $366 million, up 2%, with a margin of 10.2%. The company maintained a backlog of $34.7 billion, and net bookings totaled $2.2 billion, indicating a book-to-bill ratio of 0.6. Leidos plans to acquire Cobham Aviation Services, enhancing its capabilities in Australia. The company affirmed its FY 2022 guidance for revenues between $13.9 and $14.3 billion.

Leidos Holdings, Inc. (NYSE:LDOS) has declared a quarterly cash dividend of $0.36 per share, payable on September 30, 2022, to stockholders of record by September 15, 2022. This reflects the company's commitment to returning value to its shareholders. Leidos, a leader in technology, engineering, and science solutions, reported approximately $13.7 billion in revenue for the fiscal year ended December 31, 2021.

Leidos (NYSE: LDOS) will participate in the Jefferies Industrials Conference on Aug. 9, 2022, in New York, NY. CEO Roger Krone will conduct a Q&A 'fireside chat' from 3:30 p.m. to 3:55 p.m. ET. A live audio webcast can be accessed via the Leidos Investor Relations website, with a replay available for up to 90 days afterward.

Leidos, headquartered in Reston, Virginia, reported annual revenues of approximately $13.7 billion for the fiscal year ending Dec. 31, 2021.

On July 27, 2022, Leidos (LDOS) announced the award of a $53 million task order by the Naval Medical Readiness Logistics Command. This task order aims to enhance warfighter performance in aviation, underwater, and special warfare environments over a one-year base period with four additional options. The research will cover key areas like motion sickness and aviation safety. With nearly four decades of collaboration with the U.S. military, Leidos continues to support service members' performance and wellness.

Sidus Space, Inc. (NASDAQ: SIDU) has successfully fabricated the first set of hardware for NASA's Artemis Program, specifically Umbilical Quick Disconnects for the Environmental Control System on the Universal Stage Adapter. The delivery was approved by NASA for umbilical testing at Kennedy Space Center. As a subcontractor to Dynetics, under Leidos (NYSE: LDOS), Sidus Space continues to expand its role in critical space programs, capitalizing on increasing orders and solidifying its position in the Space-as-a-Service sector.

Leidos (NYSE: LDOS) has been awarded a follow-on contract worth approximately $291 million by the Navy's Program Executive Office Integrated Warfare Systems Directorate. This cost-plus-fixed-fee contract includes a one-year base period with four one-year options. Leidos will provide various support services, including shipboard modernization and training. The company is committed to enhancing its long-standing partnership with the Navy, focusing on mission-critical modernization initiatives.