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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 (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.
Leidos (NYSE: LDOS) has announced a conference call for February 15, 2022, at 8 a.m. (ET) to report its financial results for the fourth quarter and full year 2021, ending December 31, 2021. The earnings press release will precede the call on the same day. Interested parties can listen live via the internet or by telephone. The replay of the call will be available from 11:30 a.m. (ET) on February 15 through February 22, 2022.
Leidos (NYSE: LDOS) appointed Terry Phillips as its new Senior Vice President and Chief Security Officer. Phillips will oversee the Global Security Organization and ensure compliance with national security standards. His background includes serving as Executive Director of the Air Force's Office of Special Investigations, managing $30 billion in classified projects. Phillips holds master's degrees in Education Administration and National Resource Strategies, alongside a Bachelor's degree in mathematics. Leidos reported approximately $12.30 billion in revenue for the fiscal year ending January 1, 2021.
Leidos (NYSE: LDOS) announced a strategic investment in HawkEye 360, a leader in space-based radio frequency data and analytics. This collaboration aims to enhance geospatial intelligence solutions, increasing Leidos' capabilities in the National Security Space sector. The investment supports the development of advanced technological solutions for defense and intelligence communities, as well as addressing global challenges. With annual revenues of approximately $12.30 billion, Leidos continues to focus on creating transformative pathways for customers in various sectors.
Leidos (NYSE:LDOS) announced a partnership with 23XI Racing as a primary sponsor for NASCAR driver Bubba Wallace, starting in the 2022 season. The agreement highlights Leidos' commitment to inclusion and diversity in sports and will feature the company's branding on Wallace's No. 23 Toyota Camry TRD, debuting at the Circuit of the Americas on March 27, 2022. Leidos aims to leverage this partnership to enhance its brand visibility and connect with a broader audience.
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