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Leidos Holdings, Inc. (NYSE: LDOS) is a leading science and technology company that provides services and solutions in defense, intelligence, civil, and health markets. Headquartered in Reston, Virginia, Leidos leverages the expertise of its 47,000 employees to tackle some of the world's most pressing challenges. The company is divided into several segments, each catering to specific industries:
- National Security and Digital: Focuses on cyber, logistics, security operations, and digital transformation for defense and intelligence customers.
- Health & Civil: Delivers public health solutions, care coordination, and environmental sciences services.
- Commercial & International: Covers security enterprise solutions, commercial energy offerings, and international business.
- Defense Systems: Develops advanced space, aerial, surface, and subsurface defense systems.
Leidos reported revenues of approximately $15.4 billion for the fiscal year ending December 29, 2023. The company’s recent projects include:
- Development of C2IMERA: An advanced command and control tool for the U.S. Air Force.
- MHS GENESIS Deployment: A federal electronic health record system implemented across all Department of Defense garrison facilities.
- Mayhem Hypersonic System: Advancing air-breathing hypersonic technologies through a collaborative national team effort.
Financially, Leidos had a strong 2023 with revenues up by 7%, achieving a record net income margin of 7.1% in the first quarter of 2024. The company remains committed to innovation, operational efficiency, and addressing emerging threats in national security and health.
Leidos (NYSE: LDOS), a leader in information technology and engineering, will participate in the Stifel 2021 Virtual Cross Sector Insight Conference on June 10, 2021, at 4:40 p.m. ET. Chris Cage, Corporate Controller and incoming CFO, will engage in a fireside chat during the event. Interested investors can access the live audio webcast on the Leidos Investor Relations website, with a replay available for 90 days post-event. Leidos reported revenues of approximately $12.30 billion for the fiscal year ending January 1, 2021, emphasizing its role in tackling complex challenges across various sectors.
Leidos (NYSE: LDOS) has secured a prime contract worth up to $110 million from the FBI to provide fitness for duty medical exam services. Awarded by the FBI's Human Resources Division, the contract includes a base period of 12 months with four potential 12-month extensions. QTC Medical Services, a subsidiary of Leidos, will offer various occupational health services, building on its existing relationship with the FBI since 2012. This contract expands QTC's role in supporting FBI personnel with comprehensive medical examinations and related services.
Leidos (NYSE: LDOS), a leader in technology and science solutions, will participate in the Bernstein 37th Annual Strategic Decisions Conference on June 2, 2021, at 1:30 p.m. ET. CEO Roger Krone will engage in a Q&A session during the event. The conference will be accessible via a live audio webcast on the Leidos Investor Relations website. Following the event, a replay will be available for one year. Leidos, headquartered in Reston, VA, reported annual revenues of approximately $12.30 billion in the fiscal year ended January 1, 2021.
Leidos Holdings, Inc. (NYSE: LDOS) has successfully completed the acquisition of Gibbs & Cox, Inc. for approximately $380 million in cash. The acquisition allows Gibbs & Cox to operate as a wholly-owned subsidiary under Leidos' maritime systems division, enhancing Leidos' capability to provide engineering solutions to the US Navy and foreign navies. The move is expected to strengthen Leidos' position in the growing maritime undersea, autonomous, and cybersecurity sectors, leveraging Gibbs & Cox's expertise in naval architecture and design.
Leidos Holdings, Inc. (NYSE: LDOS) has successfully acquired Gibbs & Cox, Inc. for approximately $380 million in cash. This acquisition enhances Leidos' maritime capabilities, allowing it to offer broader engineering solutions to the US Navy and international navies. Gibbs & Cox will operate as a wholly owned subsidiary and is known as the largest independent ship design firm in the U.S., specializing in naval architecture and marine engineering. The merger signifies Leidos' commitment to innovation and growth in the maritime sector.
Leidos (NYSE:LDOS) was awarded a spot on the Defense Intelligence Agency's (DIA) Solutions for the Information Technology Enterprise III (SITE III) contract, valued at $12.6 billion. This 10-year multiple-award contract allows Leidos to support the DIA and compete for related task orders, addressing evolving IT requirements critical for U.S. security. Leidos will deliver comprehensive IT support services and contribute to national security missions globally.
Leidos (NYSE: LDOS) will participate in the Goldman Sachs Industrials and Materials Conference 2021 on May 11, 2021, at 10:30 a.m. ET. The CFO, Jim Reagan, will engage in a question and answer 'fireside chat'. A live audio webcast will be available via the Leidos Investor Relations website, with a replay accessible for one year post-event. Leidos reported revenues of approximately $12.30 billion for the fiscal year ending January 1, 2021, and employs 39,000 individuals.
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.
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