Leidos Holdings - LDOS STOCK NEWS

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.

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.