Leidos Holdings, Inc. - LDOS STOCK NEWS

Leidos Holdings, Inc. (NYSE: LDOS) reported Q1 2021 revenues of $3.32 billion, a 14.7% increase from Q1 2020. Organic growth was 8.9% after accounting for acquisitions. Operating income rose by 60.4% to $308 million, with an operating margin increase from 6.6%% to 9.3%%. Diluted EPS surged to $1.42 from $0.80. Notable new contracts included a $1 billion award for military counseling services. The company revised fiscal 2021 guidance, projecting revenues unchanged at $13.7 billion to $14.1 billion and raised non-GAAP EPS guidance to $6.35 to $6.65.

Leidos (NYSE: LDOS) announced the appointment of Christopher Cage as Chief Financial Officer, effective July 5, 2021. Cage, currently the SVP and Chief Accounting Officer, succeeds James Reagan, who is retiring after six years of service. Cage has been with Leidos since 1999, holding various financial roles, and is recognized for his deep understanding of the company's operations. Leidos reported approximately $12.30 billion in revenue for the fiscal year ended January 1, 2021, and aims to maintain its growth trajectory under Cage's leadership.

Leidos Holdings, Inc. (NYSE: LDOS) has declared a quarterly cash dividend of $0.34 per share. This dividend will be paid on June 30, 2021 to stockholders on record by the close of business on June 15, 2021. Leidos, a leader in information technology and engineering with approximately $12.30 billion in annual revenues, employs 39,000 individuals to support various government and commercial missions.

Leidos (NYSE: LDOS) received the 2021 Public Sector SI Partner of the Year Award from Splunk for outstanding performance, especially in creating telehealth dashboards for the U.S. Department of Veterans Affairs during the COVID-19 pandemic. The dashboards supported a ten-fold increase in telehealth usage by analyzing over 72 million daily events, significantly reducing connection errors from 1,000 to under 10 per day. This award reflects Leidos' commitment to innovation and customer success, solidifying its position as a leading Systems Integrator in the public sector.

Leidos (NYSE:LDOS) has been awarded a prime contract by U.S. Customs and Border Protection (CBP) valued at $480 million for the provision of Multi-Energy Portal (MEP) systems. This contract spans a base period of five years, with options extending to ten years. The MEP systems will be integrated in Vista, California, enhancing non-intrusive inspections at U.S. ports. The technology will assist in screening over 22 million containers annually, improving detection of contraband and enhancing operational efficiency for CBP.

Leidos (NYSE:LDOS) has completed the delivery of the Seahawk, an advanced autonomous vessel, to the U.S. Navy. This delivery, part of a $35.5 million contract awarded in December 2017, represents a significant technological advancement in naval operations. Seahawk features a composite trimaran hull and is designed for high availability and long-range operations with minimal human intervention. It enhances capabilities compared to conventional unmanned surface vehicles (USVs). The vessel will be stationed in San Diego, California, augmenting the Navy's maritime surveillance capabilities.

Leidos (NYSE: LDOS) has announced a conference call for May 4, 2021, at 8 a.m. (ET) to reveal its first quarter financial results for the period ending April 2, 2021. The earnings press release will be issued prior to the call. Investors can access the call via a live audio broadcast or a telephone line: 877-869-3847 (toll-free U.S.) and +1-201-689-8261 (International). A replay will be available starting at 11:30 a.m. (ET) on the same day until May 11, 2021.

Leidos (NYSE: LDOS) has partnered with the Baltimore Ravens for their second year to address the opioid epidemic through the "Tackling Opioid Addiction" campaign. This initiative will provide support to Oxford House, a nonprofit offering recovery residences for individuals battling substance use disorders. Leidos and the Ravens will donate to assist new residents on their recovery journey, highlighting the rising need for such support during the COVID-19 pandemic. Leidos reported approximately $12.30 billion in revenues for FY 2021.

Leidos (NYSE: LDOS) has secured a prime contract valued at $149.2 million from the Naval Undersea Warfare Center to provide engineering, technical, and management services for the Naval Array Technical Support Center. This contract, focused on undersea warfare solutions, is indefinite delivery/indefinite quantity with work primarily in Newport, Rhode Island. Leidos will enhance support for the Navy's towed array assets, demonstrating its commitment to innovative technologies and maintaining a competitive edge in undersea operations.