Leidos Holdings, Inc. - LDOS STOCK NEWS

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.

Leidos (NYSE: LDOS) will participate in the Citi 2020 Virtual Global Technology Conference on September 8, 2020, at 9:50 a.m. ET. CEO Roger Krone will engage in a 'fireside chat' during the event. Investors can access the live audio webcast through Leidos Investor Relations at ir.leidos.com. A replay will be available for 30 days post-event. Leidos, headquartered in Reston, Virginia, reported annual revenues of approximately $11.09 billion for the fiscal year ended January 3, 2020, and employs 37,000 individuals across various sectors.

Leidos (NYSE:LDOS) has been awarded a prime contract valued at $292 million by the Federal Aviation Administration (FAA) to develop the Enterprise - Information Display System (E-IDS). This system will modernize FAA's Next Generation Air Transportation System by replacing five legacy systems. The contract includes a four-year base period and 11 one-year options, with work conducted in Gaithersburg, Eagan, and Chesapeake. Leidos will enhance air traffic control efficiency by providing real-time access to vital aeronautical data for safe operations in the National Airspace System (NAS).

Leidos (NYSE:LDOS) has secured a task order from Army Contracting Command - Aberdeen Proving Ground under the RS3 IDIQ contract, valued at $649 million. This contract encompasses a one-year base period with four optional one-year extensions, facilitating operations both within and outside the U.S. Leidos will provide comprehensive support for the Special Operations Command, including pilot services, airborne sensor operations, and system maintenance for DHC-8 and King Air 300 aircraft.

Leidos Holdings (LDOS) reported a strong Q2 2020, with revenues of $2.91 billion, a 6.8% increase year-over-year, driven by acquisitions. Operating income rose to $249 million, up 18.6%, while diluted EPS improved to $1.06. Defense Solutions and Civil segments saw revenue growth of 12.6% and 13.6%, respectively, despite COVID-19 impacts. However, Health revenues fell by 20.4%. The company revised its FY 2020 guidance, expecting revenues between $12.2 billion and $12.6 billion, reflecting ongoing market challenges. Cash flow from operations increased significantly to $422 million.

On August 3, 2020, Leidos announced the appointment of Elizabeth Porter as Health Group President, effective immediately. Reporting to Chairman and CEO Roger Krone, Porter will oversee a $2 billion business with 7,500 employees focused on transforming patient care and healthcare operations. She has been acting president since March 9, and her experience includes leadership roles at Lockheed Martin. Krone emphasized her strong track record in driving growth, noting her expertise will be crucial as the health market evolves.