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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 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.
Leidos has secured a prime contract from DARPA for the Personalized Protective Biosystem program, aimed at enhancing defense against chemical and biological threats. This five-year, cost-plus-fixed-fee contract has a total ceiling value of $19.3 million. The project will develop lightweight protective equipment through an initiative called SPIDERMAN, which aims to provide effective defense without prior knowledge of the agents used. The program addresses the urgent need for adaptive personal protection highlighted by recent global health challenges.
Leidos (NYSE: LDOS) will hold its Investor Day on October 7, 2021, starting at 8:30 a.m. ET. The event, taking place in New York City, will feature presentations from executives, including Chairman and CEO Roger Krone and CFO Chris Cage, focusing on the company's vision, strategy, and multi-year financial outlook.
Investors can access the live webcast on Leidos' Investor Relations website, with a replay available for one year post-event. Leidos reported approximately $12.30 billion in annual revenues for the fiscal year ending January 1, 2021.
On Sept. 27, 2021, the Leidos Partnership for Defense Health announced the successful deployment of the MHS GENESIS electronic health record system to 4,800 clinicians across 130 locations in Hawaii. This deployment is part of a broader rollout that aims to cover the continental U.S. and overseas by the end of 2023. The system, currently operational at over 1,000 sites, serves approximately 65,000 users. The initiative showcases the commitment of healthcare professionals amid the COVID-19 pandemic, emphasizing patient-centered care and integrated health information systems.
Leidos (NYSE:LDOS) has secured a $65 million prime contract from the IRS to enhance paper tax filing systems. This contract entails software engineering support for the Integrated Submission and Remittance Processing System (ISRP) and the Service Center Recognition Image Processing System (SCRIPS) aimed at improving efficiency and ensuring uninterrupted operation. Leidos has a decade-long history of supporting IRS operations, which underscores its commitment to optimizing taxpayer services. The announcement highlights Leidos's ongoing role in federal systems support, showcasing its impact on taxpayer information security.
Leidos (NYSE: LDOS) announced its participation in the Morgan Stanley Virtual 9th Annual Laguna Conference on Sept. 15, 2021, at 2:15 p.m. ET. Chief Financial Officer Chris Cage will lead a fireside chat during the event. Investors can access a live audio webcast on the Leidos Investor Relations website, with replays available for 90 days post-event. Leidos, headquartered in Reston, Va., reported annual revenues of approximately $12.30 billion for fiscal year ending January 1, 2021.
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