Leidos Holdings, Inc. - LDOS STOCK NEWS

Leidos (NYSE: LDOS) will exhibit its advanced solutions for U.S. naval forces at the 2021 Sea-Air-Space Exposition from August 2-4 in National Harbor, MD. The company has expanded its maritime portfolio through acquisitions including Dynetics and Gibbs & Cox, enhancing capabilities in hypersonics and IT services. Leidos is now responsible for the Navy's $7.7 billion Next Generation Enterprise Network contract, focusing on modernizing digital infrastructure. The exhibition will also feature autonomous vessels like Sea Hunter and Seahawk, showcasing innovations in maritime technology.

Leidos (NYSE: LDOS), a leading science and technology firm, will participate in the Jefferies Virtual Industrials Conference on August 4, 2021, at 1:00 p.m. ET. CEO Roger Krone will take part in a Q&A session, which can be accessed via live audio webcast on the Leidos Investor Relations site. A replay will be available for 30 days post-event. Leidos is headquartered in Reston, VA, with annual revenues of approximately $12.30 billion for the fiscal year ending January 1, 2021.

Leidos (NYSE: LDOS) showcased its autonomous capabilities during the Joint Logistics Over-The-Shore (JLOTS) exercise at DEFENDER-Europe 21 in Albania. This marks the first deployment of an autonomous landing craft in a NATO exercise outside the U.S. The exercise demonstrated the Autonomous Littoral Connector (ALC), showing advancements in ship-to-shore operations. The ALC autonomously beached and transported supplies, enhancing its role in rapid military deployability. Leidos aims to further develop these capabilities for future operations.

Leidos (NYSE: LDOS) has initiated the 'Move the Needle' sweepstakes, offering $1 million in prizes to encourage COVID-19 vaccinations among its employees. The program, announced on July 7, 2021, will award ten employees with their annual salary, drawn from approximately 35,000 eligible full-time U.S. employees. This initiative is part of Leidos' broader mission to enhance public health and safety. The sweepstakes runs from June 28 to October 29, 2021, highlighting the company's commitment to investing in its workforce to promote vaccination efforts.

Leidos (NYSE:LDOS) announces leadership changes effective July 5, aimed at optimizing internal processes and talent development. Paul Engola is appointed EVP, National Security Space, while George Reiter becomes acting CHRO. Jim Cantor will retire, leading to the creation of a Corporate Operations role, with Vicki Schmanske stepping in as EVP. Roy Stevens will replace Vicki as president of the Intelligence Group. CEO Roger Krone emphasizes the importance of flexibility to address customer needs in evolving markets. Leidos reported annual revenues of $12.30 billion for FY 2021.

Leidos (NYSE:LDOS) has secured a $2.5 billion contract from NASA for the Advanced Enterprise Global Information Technology Solutions (AEGIS) project. This contract spans 10 years if all options are exercised and aims to enhance NASA's telecommunications, cloud, and data center services across all facilities. Leidos will provide critical support for NASA’s IT infrastructure, ensuring mission-critical operations, including cybersecurity and emergency systems. This award follows Leidos' ongoing collaboration with NASA through its NEST contract, supporting the agency's overall IT operations.

Leidos (NYSE: LDOS) has scheduled its second quarter 2021 earnings conference call for August 3, 2021, at 8 a.m. ET. The call will follow an earnings press release issued earlier that day. Interested parties can listen via telephone or through a live stream on the company's Investor Relations website. A replay will be accessible from August 3 at 11:30 a.m. ET until August 10 at 11:59 p.m. ET. Leidos reported approximately $12.30 billion in annual revenues for the fiscal year ending January 1, 2021.

Leidos (NYSE: LDOS) has been awarded a prime contract valued at $950 million by the U.S. Air Force to deliver solutions for aviation requirements over a 13-year period. This indefinite delivery/indefinite quantity contract includes a 10-year ordering period and an additional 3-year performance period. Leidos will enhance ISR capabilities and support the Air Force's efforts in ensuring multi-domain dominance. The work will be conducted globally, benefiting U.S. and allied forces.

Leidos (NYSE: LDOS) has secured a prime contract with the Transportation Security Authority (TSA) valued at $470.7 million to assist in deploying Transportation Screening Equipment (TSE) across U.S. federalized airports. This indefinite delivery/indefinite quantity contract will enable Leidos to conduct surveys, provide design support, and oversee the installation, relocation, and removal of screening equipment. Leidos has previously supported TSA for over 12 years, enhancing operational efficiency and safety at airports and special events.