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Overview of Leidos Holdings, Inc.
Leidos Holdings, Inc. (NYSE: LDOS) is a Fortune 500 technology, engineering, and science company that delivers comprehensive solutions for some of the nation's most complex challenges. Leveraging its deep expertise in defense, intelligence, and health, the company provides integrated services and innovative digital solutions that support national security, modernize critical infrastructures, and enhance health outcomes. With extensive experience partnering with U.S. government agencies and commercial entities, Leidos is at the forefront of advancing cybersecurity, digital modernization, geospatial intelligence, and mission-critical IT transformation.
Core Business Segments
Leidos organizes its operations into three primary segments, each addressing key market requirements:
- Defense Solutions: This segment supplies cutting-edge technologies and services that help secure national defense and intelligence missions. By delivering advanced cybersecurity measures, digital transformation initiatives, and secure communications, Leidos ensures that defense agencies maintain resilient infrastructures.
- Civil Sector: Focused on supporting public institutions, the Civil segment provides innovative engineering and digital services to state and local government agencies. These solutions are designed to optimize IT systems, enhance public safety, and improve operational efficiencies in heavily regulated industries.
- Health Services: In the health domain, Leidos develops and implements technology-driven solutions that enhance patient care, streamline clinical research, and support robust health infrastructures. The company collaborates with prominent health agencies to deliver managed health services and clinical innovations that drive better health outcomes.
Industry-Leading Capabilities
Leidos is recognized for its commitment to technological innovation and operational excellence. Some of the key factors that underline its industry authority include:
- Digital Modernization: Continuous integration of advanced IT systems and secure communications enhances both digital and physical infrastructure resilience.
- Cybersecurity & Data Integrity: The company delivers robust cybersecurity solutions, emphasizing secure cryptographic key management and zero trust architectures that safeguard sensitive data.
- Geospatial & Intelligence Services: Through precision geospatial intelligence and comprehensive topographic data analysis, Leidos equips government agencies with the information necessary for critical decision-making.
- Collaborative Innovation: By partnering with cutting-edge technology providers and utilizing open architecture frameworks, Leidos continuously refines its product offerings and operational strategies.
Market Position and Competitive Edge
Positioned within the competitive landscape of defense and health technology, Leidos distinguishes itself through:
- Proven Track Record: With decades of experience in supporting key government missions, Leidos has developed a reputation for reliability and technical prowess.
- Integrated Solutions: Its integrated service model across defense, civil, and health sectors ensures a holistic approach to solving complex challenges.
- Expert Workforce: The company's deep bench of technical professionals and domain experts drives innovative project delivery and enhances client trust.
Commitment to Innovation and Excellence
Leidos is dedicated to providing mission-critical solutions that not only solve today's challenges but also lay a robust foundation for ongoing technological innovation. Its strategy is built on enhancing operational efficiency, ensuring the integrity of digital infrastructures and defending national assets from emerging threats. By continuously upgrading its technology portfolio and collaborating with industry partners, Leidos remains a trusted name in delivering sophisticated solutions to complex problems.
Conclusion
The company's multi-faceted business model, extensive experience, and unwavering commitment to excellence make it a significant player in the defense, civil, and health sectors. Investors and stakeholders seeking a comprehensive understanding of a company that bridges technology with practical solutions will find Leidos Holdings, Inc. to be a prime example of enduring innovation and meticulous execution.
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.
Leidos (NYSE: LDOS), a FORTUNE 500® leader in science and technology, will participate in the Credit Suisse 8th Annual Virtual Industrials Conference on December 2, 2020, at 3:10 p.m. ET.
Jim Reagan, Executive Vice President and CFO, will engage in a 'fireside chat' during the event. A live audio webcast will be accessible on the Leidos Investor Relations website, with a replay available for 30 days post-event. Leidos reported approximately $11.09 billion in annual revenues for the fiscal year ending January 3, 2020, and employs about 38,000 people across various sectors.
Leidos (NYSE: LDOS) was awarded a cost-plus-fixed-fee contract by Naval Medical Logistics Command worth up to $82 million for operational medicine and warfighter performance research. This contract spans 60 months and will be executed primarily at the Naval Health Research Center in San Diego, California. The research will enhance military health and support the Department of Defense's operational readiness through data-driven modeling and human performance analysis, focusing on improving mission readiness and resilience among military personnel.
The Leidos Partnership for Defense Health has announced further deployments of the MHS GENESIS electronic health record system at military treatment facilities in Nevada, California, and Alaska. This initiative, which started in 2015, aims to streamline health records for millions of service members and their families. Up to 10,000 clinicians can now access a unified health record. Recent waves have included significant expansions for the U.S. Coast Guard, with full deployment expected by the end of 2023.
Leidos Holdings reported third-quarter revenues of $3.24 billion, a 14.4% increase from the previous year, attributed to acquisitions of Dynetics and L3Harris Technologies' SD&A Businesses. Operating income rose to $258 million with a margin decrease to 8.0%. Diluted EPS reached $1.13, slightly up from $1.11. The company revised fiscal 2020 guidance, projecting revenues between $12.3 billion and $12.5 billion and non-GAAP diluted EPS of $5.65 to $5.85. Backlog stands at $31.7 billion.
Leidos Holdings, Inc. (NYSE: LDOS) has declared a quarterly cash dividend of $0.34 per share, payable on Dec. 31, 2020, to stockholders of record as of Dec. 15, 2020. The announcement reflects the company's ongoing commitment to returning value to its shareholders. For the fiscal year ended January 3, 2020, Leidos reported annual revenues of approximately $11.09 billion.
Leidos (NYSE:LDOS) announced on October 29, 2020, a contract award from the Office of the Under Secretary of Defense for Personnel and Readiness worth approximately $75 million. The contract includes a one-year base period and four additional one-year options, primarily based in San Antonio, Texas. Leidos will support the Defense Civilian Human Resource Management System (DCHRMS), integrating six databases to enhance efficiency and reduce costs for DoD HR professionals and civilian employees.
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.
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