Leidos Holdings, Inc. - LDOS STOCK NEWS

Leidos (NYSE:LDOS) has been awarded the title of Federal Breakaway Partner of the Year by Cisco during their annual partner conference. This recognition underscores the company's innovation and leadership as a Cisco business partner. The Cisco Partner Summit awards honor partners that excel in innovative practices and strategic business approaches. In addition to this accolade, Leidos has achieved Cisco Gold Certified Partner status and significantly enhanced its networking capabilities and Cisco qualifications, with nearly 1,000 certifications attained by its staff.

Leidos (NYSE: LDOS) has secured a significant new contract valued at $2 billion to provide non-medical counseling to military personnel and their families through the Military and Family Life Counseling (MFLC) program. The award, granted by the U.S. General Services Administration, includes a 12-month base period with four optional extensions. Leidos will operate at approximately 100 military installations worldwide, delivering essential services aimed at enhancing the well-being of military families. This contract reinforces Leidos' commitment to supporting the military community.

Leidos (NYSE: LDOS), a leader in science and technology, will participate in the Cowen 42nd Annual Aerospace/Defense & Industrials Conference on February 11, 2021, at 11:00 AM ET. CEO Roger Krone will engage in a 'fireside chat' during the webcast. Investors can access the live audio via the Leidos Investor Relations website, with a replay available for 90 days post-event. Leidos recorded approximately $11.09 billion in annual revenues for the fiscal year ended January 3, 2020, and employs 38,000 people to address critical challenges across various sectors.

Leidos (NYSE: LDOS) announced that 37 employees will be honored at the 35th Annual Black Engineer of the Year Awards (BEYA) Conference, taking place virtually from February 11-13, 2021. This year's honorees mark the largest class in the company's history, highlighting its commitment to diversity in STEM fields. Among the award recipients, Mark Clark will be recognized as a Science Spectrum Trailblazer, and Krystal Porter will receive the Dr. Wanda M. Austin Legacy Award. Leidos continues to be a sponsor of BEYA, supporting professional training and networking opportunities in the engineering field.

On January 25, 2021, Parsons Corporation (NYSE: PSN) announced its leadership of an industry team, including Leidos (NYSE: LDOS) and SAIC (NYSE: SAIC), for a 10-year, $953 million contract with the U.S. Air Force. This initiative aims to design and maintain Air Base Air Defense (ABAD) systems across Europe and Africa, addressing emerging asymmetric threats. The team will utilize advanced technologies and an open architecture approach to enhance air base defense capabilities, ensuring protection for military assets in contested environments.

Leidos (NYSE: LDOS) has announced a conference call on February 23, 2021, at 8 a.m. ET to discuss its fourth quarter and full year 2020 financial results, which will cover the period ending January 1, 2021. The earnings press release will be issued prior to the call. Investors can listen via telephone or the internet. Last reported annual revenues were approximately $11.09 billion for the fiscal year ended January 3, 2020. Additional details are available on the Leidos Investor Relations website.

Leidos has finalized its acquisition of 1901 Group for approximately $215 million in cash, enhancing its cloud and digital modernization capabilities. The deal, previously announced on Dec. 10, 2020, adds nearly 400 IT and cloud specialists to Leidos, enabling it to better support mission-critical needs for its customers. 1901 Group, a provider of managed IT services and cloud solutions, will operate as a wholly-owned subsidiary, expected to drive future growth and innovative solutions in the defense sector.

Leidos (NYSE:LDOS), a leader in science and technology, has been awarded a prime contract valued at $64 million from the FAA to modernize their safety analysis tools through the Operational Analysis and Reporting System (OARS). The contract includes a four-year base period and two two-year options, with operations based in Gaithersburg, Maryland, and Morgantown, West Virginia. This initiative supports the FAA's ATO Safety Management System by enhancing safety risk management using advanced technologies.

Leidos (NYSE: LDOS) announced its acquisition of 1901 Group for $215 million, enhancing its position in the digital modernization market. This strategic move aims to expand Leidos' capabilities in cloud and IT services, meeting the growing customer demand for utility-based solutions. Both companies' Boards have approved the transaction, expected to close in Q1 2021, subject to regulatory approvals. 1901 Group, established in 2009, provides managed IT services, cybersecurity, and cloud solutions, making it a valuable addition to Leidos' portfolio.