Leidos Holdings, Inc. - LDOS STOCK NEWS

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.

Leidos Holdings, Inc. (NYSE: LDOS) has declared a quarterly cash dividend of $0.36 per share, marking a $0.02 increase from the previous dividend of $0.34. This dividend is payable on September 30, 2021, to stockholders of record by September 15, 2021. The company reported annual revenues of approximately $12.30 billion for the fiscal year ending January 1, 2021, reflecting its position as a leader in technology and engineering solutions.

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.