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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.
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.
Leidos (NYSE:LDOS) announced its award of the Priority Services Scientific, Engineering, and Technical Assistance (PS-SETA) contract, valued at approximately $61.5 million if all options are exercised. This single-award hybrid contract will support the U.S. Department of Homeland Security (DHS) Cybersecurity and Infrastructure Security Agency (CISA) over a nine-month base period with four additional one-year options. Leidos will provide critical technical expertise for emergency communications and telecommunications services, enhancing national security and emergency preparedness.
Leidos (NYSE: LDOS) has secured an $82 million prime contract with the U.S. Air Force to enhance its counter-small unmanned aerial system (C-sUAS) capabilities. The contract, awarded on December 13, 2021, includes a one-year base period and four one-year options. This initiative aims to improve detection, identification, tracking, and defeat of small unmanned aircraft systems through a range of maintenance and development tasks. The work will primarily occur at various locations in the continental U.S., supporting enhanced air base security and operational readiness.
Leidos (NYSE: LDOS) will participate in the Credit Suisse 9th Annual Industrials Conference on December 2, 2021. Chris Cage, Chief Financial Officer, will conduct a question-and-answer session at 12:50 p.m. ET.
A live audio webcast of the event will be accessible on the Leidos Investor Relations website, with a replay available for one year post-event. Leidos, a leader in technology, engineering, and science solutions, reported approximately $12.30 billion in revenues for the fiscal year ending January 1, 2021.
Leidos (NYSE:LDOS) announced a new prime contract valued at $76 million with the Office of Child Support Enforcement (OCSE) under the Department of Health and Human Services. This contract, effective for approximately five years if all options are exercised, will continue the company's support for OCSE's Federal Parent Locater Service (FPLS). The contract, in place since 1996, aims to enhance child support enforcement capabilities across the nation. Work will primarily take place in Maryland.
Leidos (NYSE: LDOS) has secured a three-year contract (with an optional fourth year) worth up to £70M from the UK's MOD to enhance geospatial intelligence (GEOINT) through the PICASSO programme. This initiative aims to modernize and streamline the UK's defense capabilities by integrating legacy systems into a more efficient information environment. The contract focuses on improving service delivery, user experience, and transparency, while enabling informed decision-making for national security. Leidos plans to leverage its technical expertise to support these modernization efforts.
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