Leidos Holdings, Inc. - LDOS STOCK NEWS

Leidos, a global technology company, announced the winners of its 2024 Supplier Innovation & Technology Awards at their annual symposium. The awards recognize suppliers for excellence in technology, collaboration, partnership, and innovation. Amazon Web Services won Alliance Partner of the Year, while Sourcegraph received the Innovation Partner of the Year award. Carahsoft was named Channel Partner of the Year, and Government Acquisitions, Inc. (GAI) won Small Business Channel Partner of the Year. Rancher Government took home the Emerging Technology Partner of the Year award.

Two individual awards were also presented: Aaron Cooperman of Carahsoft and Edwin Van Deursen of Amazon Web Services were recognized as Channel Partner and OEM Account Managers of the Year, respectively. Stephanie Foster, Leidos' chief supply chain officer, emphasized the critical role of partners in mission success and the company's commitment to delivering the best solutions to customers.

Leidos (NYSE:LDOS) has successfully conducted intercepts of Unmanned Aircraft System (UAS) and Cruise Missile (CM) test targets with the Indirect Fire Protection Capability Increment 2 (IFPC Inc 2) system. The demonstration showcased the system's ability to detect, track, engage, and intercept UAS and CM targets using a surface-launched AIM-9X missile. The test integrated various systems, including the Integrated Battle Command System (IBCS), Sentinel A3, and Missile Datalink.

Additionally, Leidos was awarded a contract by the U.S. Army Contracting Command – Redstone Arsenal for additional hardware assets to support the Army's Enduring IFPC Initial Operational Test and Evaluation (IOT&E). The hardware includes upgrades to the missile remote communications link and software, supporting the Army's Integrated Air and Missile Defense architecture.

Leidos (NYSE:LDOS) has been awarded a $51 million contract by the CDC to modernize the National Healthcare Safety Network (NHSN) over a five-year period. The company will leverage its data management and mission software expertise to enhance the NHSN platform, which is important for patient safety and healthcare delivery across the U.S.

Since 2003, Leidos' collaboration with the CDC has supported over 160,000 users at more than 38,000 facilities. The NHSN facilitates electronic messaging from health records, informs infection prevention, monitors healthcare system capacity, tracks vaccination uptake, and helps prevent the spread of threats like COVID-19 and antimicrobial-resistant infections.

This contract extends Leidos' support in providing critical data to understand prevention efforts and practices in healthcare, ultimately determining the quality and safety of care delivered in U.S. healthcare facilities.

Leidos (NYSE:LDOS) has been awarded a $51 million contract by the Space Systems Command to enhance missile warning capabilities for the Combatant Commanders Integrated Command and Control Systems (CCIC2S). The contract, with a base period of 54 months, involves providing mission software and technology-enabled services.

Leidos will focus on Model Based Systems Engineering, Development/Security/Operations, software integration, and deployment. These efforts aim to process non-traditional data sources and advance the fusion of weapons systems data, improving the accuracy of missile warning and missile track systems. The company's expertise in sensing, sense-making, and decision support for national security space customers will be leveraged to enhance CCIC2S through open architecture solutions, faster system modifications, and reduced ownership costs.

Leidos has partnered with Career Returners in the UK to launch Leidos Create, a program supporting experienced STEM professionals returning to work after 2-12 years away. The initiative aims to remove the career break penalty for women who took extended breaks for family or caring reasons. The program focuses on roles in information systems, project management, supply chain and logistics, commercial and contracts, and risk and compliance.

Two success stories are highlighted: Kay Mercer, who returned as a supply chain analyst after 23 years, and Ajay Sahota, who transitioned to a benefits realisation manager role after a 10-year break. Both women received training, support, and flexible working arrangements. The program offers coaching sessions on self-introduction, goal-setting, networking, and career planning.

Leidos (NYSE: LDOS), a Fortune 500® innovation company, will participate in the Jefferies Industrials Conference in New York City. Chris Cage, Chief Financial Officer, will engage in a Q&A session on September 4, 2024, from 10:25 a.m. to 10:55 a.m. ET. A live audio webcast will be available on the Leidos Investor Relations website, with a replay accessible for 30 days afterward.

Leidos is a global workforce of 48,000 employees focusing on national security and health challenges. The company reported annual revenues of approximately $15.4 billion for the fiscal year ended December 29, 2023. Headquartered in Reston, Virginia, Leidos creates smarter technology solutions for customers in heavily regulated industries.

Leidos (NYSE: LDOS) has been awarded the eRA Agile Software Development Support contract by the National Institutes of Health (NIH), with a maximum value of $326.5 million over five years if all options are exercised. The contract involves providing agile software development and design services to support eRA and other NIH Office of Extramural Research systems.

Leidos will leverage its expertise to deliver a modern, efficient, and secure grants management platform for NIH and various agencies. The contract includes developing and maintaining eRA, NIH's customized enterprise-wide grants management system, which handles over $40 billion annually in research and non-research grants for more than 62,000 institutions worldwide.

Leidos (NYSE:LDOS) has achieved a significant milestone with its Pro:Vision© 3 people screening system receiving the EU Standard 2.1 certification from the European Civil Aviation Conference (ECAC). This certification is important for selling and operating security devices within the European Union. The Pro:Vision 3, commercially released in 2023, features advanced wideband millimeter wave technology and deep learning AI algorithms, improving detection capabilities and reducing false alarm rates.

The system offers a more comfortable hands-down pose and gender-neutral screening, enhancing airport checkpoint operations and increasing throughput. This achievement underscores Leidos' commitment to maintaining high performance standards in security technologies and strengthens its position in the aviation security market.

Leidos (NYSE:LDOS) has been awarded an $86.4 million contract by the National Geospatial-Intelligence Agency (NGA) for lifecycle management of existing and emerging analytics systems. The single-award, indefinite delivery, indefinite quantity (IDIQ) contract, named Chinook, has a five-year performance period. Leidos will provide software development, systems engineering, integration, and operations and sustainment services for various systems including Commercial-Joint Mapping Tool Kit and Tearline open-source intelligence system. The company will employ DevSecOps practices and Zero Trust cybersecurity methodologies to maintain and enhance these systems, supporting NGA's geospatial intelligence analysts in their mission-critical tasks.