Leidos Holdings, Inc. - LDOS STOCK NEWS

Leidos (NYSE: LDOS) appointed Thomas Sanglier as its new Chief Audit Executive on July 5, 2022. Sanglier brings over 32 years of experience in financial and operational auditing, having previously served at Raytheon Technologies and Ernst & Young. His appointment is seen as a move to enhance the company's internal audit function and reinforce its commitment to integrity and ethical practices. Leidos, headquartered in Reston, Virginia, reported annual revenues of approximately $13.7 billion in 2021.

Leidos (NYSE: LDOS) announced that the Government Accountability Office (GAO) upheld its Defense Enclave Services (DES) contract awarded by the Defense Information Systems Agency (DISA). The contract, valued at $11.5 billion if fully exercised, includes a four-year base period and three two-year options. This contract will consolidate IT services for 370,000 users across 22 DoD agencies globally. Leidos aims to enhance mission success by improving cybersecurity and user experience with a focus on delivering services ahead of schedule.

Leidos (NYSE:LDOS) has been awarded a contract to upgrade security checkpoints at Punta Cana International Airport in the Dominican Republic. This project aims to enhance passenger safety and streamline airport operations, accommodating over 4 million tourists annually. Leidos will implement advanced technologies, including the Pro:Vision® 2 people scanner, ProPassage™ automated tray return system, and ClearScan™ automated CT scanners. The upgrades, anticipated to be completed in early 2023, reflect Leidos' commitment to improving airport security efficiency while maintaining low operational costs.

QTC Medical Services, a Leidos subsidiary, has secured two prime contracts valued at $1.7 billion from the Veterans Benefits Administration. These contracts focus on medical disability examination services for veterans and retiring service members, featuring a six-month base period with six additional one-year options. In 2021, QTC managed over 1.1 million appointments, underscoring its commitment to timely disability benefits assessment. The services will cover 124 military installations and include international support for claimants.

Leidos (NYSE: LDOS), a leader in science and technology, will participate in the Jefferies Virtual IT Services Summit on June 1, 2022, from 11:00 a.m. to 11:45 a.m. ET. Chris Cage, the Chief Financial Officer, will host a virtual Q&A session during the event. Investors can access a live audio webcast on the Leidos Investor Relations website, with replays available for 30 days post-event. Leidos, headquartered in Reston, Virginia, reported approximately $13.7 billion in revenues for FY 2021.

Leidos (NYSE: LDOS) will participate in the Bernstein 38th Annual Strategic Decisions Conference on June 1, 2022, from 2:30 p.m. to 3:20 p.m. ET. CEO Roger Krone will engage in a 'fireside chat' during the event. A live audio webcast of the conference will be accessible on the Leidos Investor Relations website at ir.leidos.com. A replay will be available for one year after the event. Leidos, headquartered in Reston, Virginia, reported annual revenues of approximately $13.7 billion for FY 2021.

Leidos (NYSE: LDOS) has been awarded two contracts valued at $90M by NATO to enhance its ballistic missile defense capabilities. Each contract spans four years with options for four additional maintenance years. The company, with over 20 years of NATO partnership experience, will lead a team to develop NATO's BMD Architecture, C2 systems, and maintain the BMD Integration Test Bed. Leidos reported revenues of approximately $13.7 billion for FY 2021. This contract reflects the company's ongoing commitment to national defense and positions it favorably in the defense sector.

Leidos Holdings (LDOS) reported a robust Q1 2022 with revenues of $3.5 billion, up 5% year-over-year. Net income was $177 million with diluted EPS of $1.25, reflecting a 14% decline from the previous year due to prior adjustments. Adjusted EBITDA fell to $358 million, down 8%. Notably, net bookings reached $5.4 billion, resulting in a record backlog of $36.3 billion. Leidos maintains its full-year guidance, expecting revenues between $13.9 billion and $14.3 billion.