Leidos Holdings, Inc. - LDOS STOCK NEWS

Brooks Automation, Inc. (Nasdaq: BRKS) announced a new contract with QTC Management, a Leidos company (NYSE: LDOS), to provide vaccine storage and distribution for the U.S. Department of Defense. This collaboration supports QTC's Reserve Health Readiness Program III, ensuring secure cold storage of vaccines and timely delivery across the U.S. and Germany. Azenta Life Sciences, the rebranded segment of Brooks, will leverage its expertise in cold-chain services to meet stringent requirements. This strategic move reflects Brooks' focus on expanding its Life Sciences business.

Leidos Holdings (LDOS) reported a strong Q3 2021, with revenues reaching $3.48 billion, up 7% year-over-year. Net income increased 28% to $208 million, leading to diluted EPS of $1.43. Adjusted EBITDA rose 16% to $403 million, with an increased margin of 11.6%. The company recorded $4.7 billion in net bookings, resulting in a backlog of $34.7 billion. Leidos updated its FY21 guidance, projecting revenues between $13.7-$13.9 billion and non-GAAP diluted EPS of $6.55-$6.75.

Leidos (NYSE:LDOS) has been awarded a task order by the Air Combat Command (ACC) Acquisition Management and Integration Center, valued at approximately $531 million if all options are exercised. The contract includes a one-year base period and four one-year options, focusing on intelligence, surveillance, and reconnaissance (ISR) operations. Leidos will provide expertise and support services at over 25 locations. This contract emphasizes Leidos' strategic role in enhancing ACC's operational capabilities, leveraging over 33 years of experience in defense intelligence.

Leidos Holdings, Inc. (NYSE:LDOS) has announced a quarterly cash dividend of $0.36 per share, payable on December 30, 2021. To qualify, stockholders must be on record by the close of business on December 15, 2021. This decision reflects Leidos' ongoing commitment to return value to shareholders. The company, a leader in technology and engineering, reported annual revenues of approximately $12.30 billion for the fiscal year ending January 1, 2021, and employs around 43,000 individuals.

Leidos (NYSE: LDOS) has been awarded a prime contract by the Office of Naval Intelligence (ONI) for approximately $65 million to support the Hopper Information Services Center. This contract includes professional IT services like cloud migration, software development, and cybersecurity, primarily based in Suitland, Maryland. Leidos aims to enhance the U.S. naval forces' information advantage through this agreement, building on decades of collaboration with ONI.

Leidos (NYSE: LDOS) has announced a conference call to discuss its third-quarter financial results for the period ending October 1, 2021. The call is scheduled for November 2, 2021, at 8 a.m. ET, with the earnings press release set to be issued prior to the call. Investors can access the conference via the internet or telephone. The company reported approximately $12.30 billion in annual revenues for the fiscal year ending January 1, 2021, serving government and commercial clients across defense, intelligence, civil, and health markets.

Leidos (NYSE: LDOS) has been awarded a five-year contract by the National Security Agency (NSA) with a ceiling value of $300 million. This contract supports the NSA's Technical Signals Intelligence (TechSIGINT) modernization efforts. Leidos will leverage its technical and engineering expertise to develop and deploy new systems using cloud architectures, enhancing capabilities in TechSIGINT collection, production, and analysis. The company reported annual revenues of approximately $12.30 billion for the fiscal year ending January 1, 2021.

On October 5, 2021, Leidos (NYSE:LDOS) recognized its suppliers at the 2021 Supplier Innovation & Technology Symposium. Awards included Alliance Partner of the Year going to Amazon Web Services, Innovation Partner of the Year awarded to Intel, and VAR of the Year to COLAMCO Inc.. The symposium celebrated suppliers for their role in enhancing Leidos' mission to create safer and more efficient solutions. Bob Gemmill, Senior VP at Leidos, highlighted the resilience and innovation of suppliers during challenging global supply chain dynamics.

Leidos (NYSE:LDOS) has secured a prime contract with U.S. Customs and Border Protection (CBP) for Low-Energy Portal systems, aimed at enhancing non-intrusive vehicle inspections at U.S.-Mexico border crossings. The contract has a ceiling value of $390 million, with an initial order worth $107 million. This project complements the previously awarded Multi-Energy Portal program, valued at $480 million, further expanding CBP's capabilities in securing borders against smuggling and illegal activities.