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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 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.
On Aug. 30, 2021, Leidos (NYSE: LDOS) announced a $1 million donation to support the construction of a new academic facility for the Alabama School of Cyber Technology and Engineering (ASCTE) in Huntsville, Alabama. This investment aims to enhance STEM education for students statewide and contribute to workforce development in high-demand fields. ASCTE, the nation's only high school integrating cyber technology and engineering across all disciplines, promotes a diverse student body, including significant representation of females and African American students.
Leidos (NYSE:LDOS) has been awarded the Fully Integrated Lifecycle Mission Support Services 2 (FILMSS 2) contract by NASA for approximately $270 million. This includes a two-year base period and three one-year options. The contract will focus on program management, engineering, and research support at NASA's Ames Research Center in California. Leidos will leverage its extensive capabilities across various research disciplines, including astrobiology and life sciences, continuing its 60-year support for NASA's missions.
Leidos Holdings, Inc. (LDOS) reported strong financial results for Q2 2021, with revenues reaching $3.45 billion, an 18% increase year-over-year. Net income rose to $169 million, boosting diluted EPS to $1.18, up 11%. Adjusted EBITDA was $359 million, reflecting a 5% growth, although the adjusted EBITDA margin decreased to 10.4%. Notably, the company secured $3.8 billion in new business awards, maintaining a backlog of $33.5 billion. The fiscal outlook remains optimistic, with guidance for revenues between $13.7 billion and $14.1 billion.
Leidos has been awarded a prime contract by the U.S. Army valued at $600 million to assist the Army Geospatial Center's HR3D Geospatial Information Operation and Technology Integration program. The contract has a one-year base and three one-year options, with work primarily in Virginia and other locations. Leidos will support the BuckEye program, critical for high-resolution geospatial data collection. This initiative enhances U.S. military capabilities and international partnerships in addressing humanitarian needs and improving global security.
Leidos (NYSE: LDOS) has successfully transitioned the Department of the Navy's enterprise IT networks, marking a key milestone in its $7.7 billion Service Management, Integration and Transport (SMIT) contract awarded in February 2020. As of August 1, 2021, Leidos took over IT operations for the Navy-Marine Corps Intranet and other critical networks serving over 650,000 professionals. This modernization aims to implement innovative technologies, enhancing network capabilities and user experience while maintaining high cybersecurity standards.
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