Leidos Holdings, Inc. - LDOS STOCK NEWS

Leidos (NYSE: LDOS) has appointed retired Major General John George as its Army Strategic Account Executive. This role aims to enhance relationships with the United States Army and foster organic growth within the company. General George, with 33 years of experience in the Army, previously led the Combat Capabilities Development Command, overseeing a $13 billion modernization budget. His extensive background in military operations and technology development is expected to strengthen Leidos' market position and support its mission-critical initiatives.

Leidos (NYSE:LDOS) has appointed Maureen Waterston as the new Chief Human Resources Officer (CHRO), effective March 1, 2022. Waterston will enhance the human capital strategy for Leidos' 43,000-employee workforce. She previously served as CHRO at Pratt & Whitney and has extensive HR experience in global roles at United Technologies Corporation and Otis Elevator. Leidos reported approximately $13.7 billion in annual revenues for the fiscal year ending December 31, 2021, and operates in defense, intelligence, civil, and health markets.

Leidos has secured an $11.5 billion contract from the Defense Information Systems Agency for the Defense Enclave Services (DES) initiative. The contract spans four years, with options for three additional two-year periods. Leidos aims to enhance mission capabilities and user experience through a unified network architecture. CEO Roger Krone praised the award, emphasizing the company’s commitment to delivering critical support to military efforts. The firm reported revenues of approximately $13.7 billion for the fiscal year ending December 31, 2021.

Leidos (NYSE: LDOS) has appointed Patrick Shanahan, former Deputy Secretary of Defense, to its Board of Directors effective February 16, 2022. Shanahan brings extensive experience in defense policies, having contributed to major strategies like the 2018 National Defense Strategy and the establishment of the Joint Artificial Intelligence Center. Leidos Chairman Roger Krone highlighted Shanahan's expertise as an asset for advancing technology and cybersecurity initiatives. Leidos reported $13.7 billion in revenues for FY 2021, emphasizing its role in defense and technology sectors.

Leidos Holdings reported a strong performance for FY 2021, with revenues of $13.74 billion, up 12% year-over-year. The fourth quarter revenues reached $3.49 billion, a 7% increase. Net income was $759 million for the year, translating to $5.27 EPS, a 21% rise compared to 2020. The company achieved a 10% adjusted EBITDA margin and a significant cash flow conversion of 98%. Leidos announced FY 2022 guidance projecting revenues between $13.9 - $14.3 billion, despite potential impacts from tax legislation on R&D costs.

Leidos Holdings, Inc. (NYSE: LDOS) has announced a quarterly cash dividend of $0.36 per share, payable on March 31, 2022, to stockholders of record by March 15, 2022. This dividend reflects the company’s commitment to returning value to its shareholders. Leidos, a Fortune 500 company, reported revenues of approximately $12.30 billion for the fiscal year ending January 1, 2021. With a workforce of about 43,000 employees, Leidos continues to address significant challenges across various sectors including defense and health.

Leidos (NYSE: LDOS) has secured a prime contract worth $104 million from the U.S. Army to modernize its gunnery training simulation systems. This indefinite delivery, indefinite quantity contract spans five years and will be executed in Orlando, Florida. The project aims to enhance the training capabilities for warfighters through technology updates to existing simulators, which connect weaponry to virtual systems. The news underscores Leidos' ongoing commitment to support the Army's training missions.

Leidos (NYSE: LDOS) will join the Cowen 43rd Annual Aerospace/Defense & Industrials Conference on February 8, 2022, at 1:30 PM ET. The CEO, Roger Krone, will engage in a fireside chat during the event. A live audio webcast will be available on Leidos' Investor Relations website, with a replay accessible for 90 days afterward. Leidos, a FORTUNE 500® company, reported approximately $12.30 billion in revenues for FY ending January 1, 2021, and is headquartered in Reston, VA.

The Leidos Partnership for Defense Health announced the successful deployment of the MHS GENESIS electronic health record system to over 19,000 clinicians in Texas, marking its largest deployment yet across 100 locations. This system is operational at over 1,300 locations with roughly 85,000 active users. The initiative has remained on schedule and budget despite COVID-19 challenges. Full deployment is expected by the end of 2023, serving to enhance healthcare delivery in military settings.