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Leidos Holdings, Inc. (NYSE: LDOS) is a leading science and technology company that provides services and solutions in defense, intelligence, civil, and health markets. Headquartered in Reston, Virginia, Leidos leverages the expertise of its 47,000 employees to tackle some of the world's most pressing challenges. The company is divided into several segments, each catering to specific industries:
- National Security and Digital: Focuses on cyber, logistics, security operations, and digital transformation for defense and intelligence customers.
- Health & Civil: Delivers public health solutions, care coordination, and environmental sciences services.
- Commercial & International: Covers security enterprise solutions, commercial energy offerings, and international business.
- Defense Systems: Develops advanced space, aerial, surface, and subsurface defense systems.
Leidos reported revenues of approximately $15.4 billion for the fiscal year ending December 29, 2023. The company’s recent projects include:
- Development of C2IMERA: An advanced command and control tool for the U.S. Air Force.
- MHS GENESIS Deployment: A federal electronic health record system implemented across all Department of Defense garrison facilities.
- Mayhem Hypersonic System: Advancing air-breathing hypersonic technologies through a collaborative national team effort.
Financially, Leidos had a strong 2023 with revenues up by 7%, achieving a record net income margin of 7.1% in the first quarter of 2024. The company remains committed to innovation, operational efficiency, and addressing emerging threats in national security and health.
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.
Leidos (NYSE: LDOS) announced a conference call set for August 2, 2022, at 8 a.m. ET to discuss its second quarter 2022 financial results ending July 1, 2022. A press release with earnings is expected to be issued prior to the call. Investors can access the conference call via telephone or online, with replay options available post-call. Leidos reported annual revenues of approximately $13.7 billion for the fiscal year ended December 31, 2021, supporting government and commercial missions through its extensive workforce.
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.
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