Leidos Holdings, Inc. - LDOS STOCK NEWS

Leidos (NYSE:LDOS) has secured a follow-on contract valued at $306 million from Army Contracting Command to provide comprehensive operations for the Saturn Arch aircraft. This contract features a one-year base period with two additional one-year options and a six-month extension, taking place at Bridgewater Airport, Virginia, and various OCONUS sites. Leidos aims to leverage its expertise in aerial intelligence systems for engineering and technical enhancements. Annual revenues reported for FY 2020 were approximately $11.09 billion.

On October 5, 2020, Leidos (NYSE: LDOS) announced the pricing of $1 billion in senior unsecured notes, with a 2.300% interest rate due in 2031. These notes will be fully guaranteed by Leidos and are intended for qualified institutional buyers. Proceeds will be used for general corporate purposes, including debt repayment. The offering is expected to close on October 8, 2020, subject to standard conditions. This issuance strengthens Leidos' financial position while allowing it to manage its loan facilities more effectively.

Leidos Holdings, Inc. (NYSE: LDOS) plans to initiate a private offering of senior unsecured notes under Rule 144A and Regulation S. The Issuer, Leidos, Inc., will use proceeds primarily for general corporate purposes, including repaying existing loans. The notes will be guaranteed by Leidos and subordinate to existing subsidiary liabilities. This offering targets qualified institutional buyers in the U.S. and non-U.S. persons abroad, without registration under the Securities Act. As of January 3, 2020, Leidos reported annual revenues of approximately $11.09 billion.

Leidos (NYSE: LDOS) has announced a conference call for November 2, 2020, at 8 a.m. ET to discuss its third quarter financial results ending October 2, 2020. The earnings announcement will precede the call on the same day. Interested parties can listen online at ir.leidos.com or via telephone at 877-869-3847 for U.S. callers and +1-201-689-8261 for international callers. A replay will be available from 11:30 a.m. ET on November 2 until November 9, 2020.

Leidos (NYSE: LDOS) has received a task order from the U.S. Air Force's Installation Contracting Agency valued at up to $89 million. This Cost-Plus-Fixed-Fee task order, part of the Air Force's Information Analysis Center Multiple Award Contract, focuses on energetics research and development for the Office of the Secretary of Defense. The project will span over five years, with operations based at Picatinny Arsenal, N.J., and aims at transitioning developed processes for energetic materials to commercial facilities.

Leidos (NYSE:LDOS) has announced a two-year agreement with Rush University System for Health to develop an emergency department command center application. This application aims to enhance patient flow through real-time mapping and logic-based recommendations, ultimately improving outcomes for the 65,000 patients treated annually at RUSH, especially amid the COVID-19 pandemic. The technology draws from Leidos' experience with military command centers and will utilize the Leidos Enterprise Application Framework, designed for rapid development. This partnership is expected to optimize emergency department efficiency.

Leidos (NYSE:LDOS) announces the appointment of Lieutenant General Darrell K. Williams (U.S. Army, Ret.) as the new Vice President of Defense Group Logistics, effective immediately. Williams, who previously served as the Director of the Defense Logistics Agency, will enhance logistics planning and execution across the group. His background includes leadership roles in managing military supply chains and overseeing the National Defense Stockpile. Leidos reported revenues of approximately $11.09 billion for FY 2020, highlighting its position as a leader in technology and engineering services.

Leidos (NYSE: LDOS) will participate in the Morgan Stanley Virtual 8th Annual Laguna Conference on September 16, 2020. Jim Reagan, Executive Vice President and Chief Financial Officer, will engage in a Q&A session at 3:00 p.m. ET. The live audio webcast can be accessed via the Leidos Investor Relations website, with a replay available for 30 days afterward. Leidos reported annual revenues of approximately $11.09 billion for the fiscal year ending January 3, 2020, and provides solutions in sectors like defense and health.