Leidos Holdings, Inc. - LDOS STOCK NEWS

Leidos Holdings (NYSE:LDOS) has announced a 5.3% increase in its quarterly cash dividend to $0.40 per share, up from the previous $0.38. The dividend will be paid on December 31, 2024, to stockholders of record as of December 16, 2024. Leidos, a Fortune 500® innovation company focused on national security and health solutions, employs 48,000 people globally and reported annual revenues of approximately $15.4 billion for the fiscal year ended December 29, 2023.

Leidos (NYSE:LDOS) has received a success memorandum from the Defense Innovation Unit (DIU) for completing key milestones in its Electric Vehicle Charging as a Service (EV CaaS) prototype for the Department of Air Force. The company becomes the sole vendor authorized to provide a FedRAMP-accredited budget-neutral EV CaaS solution for the Department of Defense and U.S. government. Leidos completed initial prototype milestones in under a year at three Air Force bases and was awarded its first production agreement for Edwards Air Force Base. The solution includes make-ready infrastructure, cybersecure EV charging facilities, and a budget-neutral business model.

Leidos (NYSE:LDOS) has been awarded a $331 million contract to modernize the U.S. Army's network, aligning with the Army's Network Modernization Strategy and Unified Network Plan. The contract, awarded by the Army Program Executive Office for Command, Control and Communications-Tactical Global Enterprise Network Modernization-OCONUS, has a one-year base period with four one-year options.

Leidos will deploy the Army's Global Unified Network (AGUN), which utilizes Software Defined Network technologies and supports the transition to a Zero Trust Architecture. This initiative aims to deliver a standardized, orchestrated modern network architecture, enhancing interoperability and security across all operational levels.

The project will make applications, data, and enterprise services accessible, trusted, and interoperable globally, supporting the Army's divestiture of Joint Regional Security Stacks.

Leidos, a Fortune 500® innovation leader, has reintroduced its counter-unmanned aerial system (C-UAS) solution under the new name AirShield™. This advanced system is designed to provide robust air defense while on the move, featuring both kinetic and non-kinetic effectors. AirShield offers comprehensive protection against unmanned aerial vehicles (UAVs) in dynamic operational environments.

Key features of AirShield include:

• Multi-layered system capable of autonomous operation
• Advanced threat assessment and multiple defense mechanisms
• Integration of AI for weapon-to-threat pairing
• Emphasis on cyber resiliency

Leidos plans to field AirShield prototypes with U.S. Southern Command in 2025 and is building a production line for future customer deliveries starting the same year.

Leidos has been awarded a $249 million contract by the Army Contract Command to enhance security at 92 additional Army and select Joint-Service installation access control points worldwide. The Automated Installation Entry (AIE) Next Generation contract has a six-year period of performance.

As the AIE prime contractor, Leidos has transformed the Army's enterprise Physical Access Control System to a fully extensible cloud-based solution with advanced biometrics modalities. The system is designed to expedite access control for authorized personnel and vehicles, validating identification credentials against authoritative and law enforcement databases.

Leidos will perform work on-site at Army and Joint-Service installations, with systems engineering and test activities primarily executed at their Edgewood, Maryland facility. The cloud deployment aims to provide near real-time updates to authentication requirements in response to changing force protection conditions.

Leidos (NYSE:LDOS), a Fortune 500® innovation leader, has appointed Leslie Fautsch as the new chief human resources officer. Fautsch will be responsible for supporting 48,000 Leidos employees worldwide and shaping the company's workforce strategy. With nearly 14 years of experience at Leidos, Fautsch has previously led enhancements to total rewards programs and redefined the human capital strategy. She has also held various HR leadership positions within the company, including overseeing compensation, benefits, and recognition programs.

Fautsch is a licensed attorney with a law degree from Marquette University and a bachelor's degree in government and public policy from the University of Notre Dame. Prior to joining Leidos, she served in employee relations, ethics, and HR management roles at another major aerospace company.

Leidos (NYSE: LDOS) has been awarded a $303 million contract by the Department of the Air Force (DAF) to oversee the Advanced Battle Management System - Digital Infrastructure (ABMS-DI) network. This contract, covering a three-year performance period with two option years, involves planning, analysis, and operations for the ABMS-DI network, a core component of the DAF Battle Network.

As the ABMS-DI network manager, Leidos will perform various management functions to support the successful standup of the Digital Infrastructure Network. This contract extends Leidos' collaborative role with the DAF in designing, developing, and deploying modern combined Joint All-Domain Command and Control capabilities for the Air Force and Space Force.

Leidos U.K. has released its Sustainability Report, outlining progress and targets to achieve net zero emissions by 2040. The report highlights a carbon reduction plan aligned with the Paris Agreement and limiting global warming to 1.5°C. Leidos U.K. has joined the Science Based Targets initiative (SBTi) to ensure accountability in setting greenhouse gas emissions reduction targets.

The company aims to drive sustainable improvements through partnerships with key organizations like the Home Office, Ministry of Defence, Metropolitan Police Service, and National Air Traffic Services. Leidos U.K. is committed to carbon reduction and environmental ethical business practices, implementing educational programs for employees and working on projects like the Logistics Commodities & Services Transformation programme for the Ministry of Defence.

Leidos (NYSE: LDOS) has appointed Thomas J. Downey as executive vice president, chief communications and marketing officer, effective Oct. 7. Downey, who brings 31 years of industry experience from Boeing and McDonnell Douglas, will report directly to Leidos CEO Tom Bell. In his new role, Downey will oversee all aspects of the company's internal and external communications and marketing functions, as well as integrate the government affairs team to ensure consistent messaging across all constituencies.

Leidos CEO Tom Bell expressed enthusiasm about Downey's appointment, citing his professional excellence and expertise in building a world-class brand. Downey's extensive background includes various positions in communications, community relations, business development, and legislative affairs. He is a graduate of Saint Louis University, served as a public affairs officer in the U.S. Navy Reserve, and worked on Capitol Hill as a Brookings Institution Congressional Fellow.